WEBVTT

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<v Speaker 1>The voices of frees episode glad we have you heard daily?

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<v Speaker 1>You know the only voice of reason on the radio

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<v Speaker 1>fifty five krs the talk station.

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<v Speaker 2>Atoh five fifty five kr CD talk station. Happy Friday, Eve,

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<v Speaker 2>Please to walk to the Welcome in the fifty five

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<v Speaker 2>years the Morning Show, Hunter Oswald, who's doing a seminar

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<v Speaker 2>tomorrow night. Empower You America dot org, where you can

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<v Speaker 2>register to log in from the comfort of your own

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<v Speaker 2>home or show up at the studio seven pm, Star

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<v Speaker 2>time on Herbert Hoover Now. Hunter Oswald is a five

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<v Speaker 2>film Beth gase Witch Development Fellow, research fellow with The

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<v Speaker 2>American Spectator, where he is currently working on a project

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<v Speaker 2>with that publications founder. His articles and Spectator have examined

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<v Speaker 2>a whole host of issues, and he's gone around reporting

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<v Speaker 2>for The Spectator and from covering the twenty twenty two

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<v Speaker 2>Dobbs protest, you guys remember that in Washington, d C.

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<v Speaker 2>To jd Vance's Middletown rally back in twenty four iff

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<v Speaker 2>student fellow and Conservative thought for the Institute for Faith

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<v Speaker 2>and Freedom, and he's contributed a whole bunch of different

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<v Speaker 2>news outlets. Welcome to the program, Hunter Oswald. It's great

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<v Speaker 2>having you on the show today.

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<v Speaker 1>Hey, thank you for having me on, Brian.

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<v Speaker 2>The subject matter Herbert Hoover. And you know, honestly, other

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<v Speaker 2>than Hooverville's which was of course the Great Depression and

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<v Speaker 2>the Smoot Hawley Tariff Act, I didn't don't really know

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<v Speaker 2>anything about Herbert Hoover. Apparently he's got a reputation as

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<v Speaker 2>being one of the most hated and controversial presidents out there.

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<v Speaker 1>Yeah, I mean, Hoover is definitely one of those figures

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<v Speaker 1>that today when we think about him, most people in

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<v Speaker 1>the general population will think of the president that failed

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<v Speaker 1>the Great Depression and the guy who eventually led for

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<v Speaker 1>FDR to rise to power and the New Deal. Yeah,

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<v Speaker 1>but when we think about Hoover today, especially as me,

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<v Speaker 1>we kind of take these things for granted. But at

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<v Speaker 1>the same time, there's this new development, this new narrative

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<v Speaker 1>that we've created by New Deal historians that say, you know,

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<v Speaker 1>this guy named Hoover, you know it was the reason

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<v Speaker 1>he failed was because of his lasi faire economics. It

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<v Speaker 1>was his hands off approach. But when you actually learn

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<v Speaker 1>and study him, you can see a completely different story

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<v Speaker 1>with Hoover. So tonight with the empower You seminar. I

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<v Speaker 1>am looking at Hoover as he truly is not how

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<v Speaker 1>New Deal historians portray him as today, So.

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<v Speaker 2>An accurate picture of Herbert Hoover the president. And it's

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<v Speaker 2>actually it's tomorrow night, correct tomorrow at seven pm. Power

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<v Speaker 2>You America dot Org. He said, tonight, Well today is tonight?

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<v Speaker 2>Oh my god, See this is my week. I'm sorry, hunter,

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<v Speaker 2>this is my week. I'm just I'm hitting fits and

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<v Speaker 2>spasms here this week. So apologies to my listeners. I

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<v Speaker 2>am not a complete idiot, just forgot what today it is. Anyhow,

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<v Speaker 2>going back, thank you. I think we all go through

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<v Speaker 2>those moments occasionally, if it's not a sign of dementia onset, Eddie.

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<v Speaker 2>I did mention the Smooth Holly Teriff Act on purpose

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<v Speaker 2>because I did know was signed in the launder Hoover

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<v Speaker 2>and it apparently exacerbated the problems created by the Great

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<v Speaker 2>Depression in the aftermath of the stock market crash. Is

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<v Speaker 2>there something that we can learn from that about what

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<v Speaker 2>Trump's doing today? We be talking about it and that

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<v Speaker 2>at all in this context?

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<v Speaker 1>Oh? Absolutely, because when people think of the Smooth Harley Terriffact,

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<v Speaker 1>they think of, Okay, you know, why does this tariff

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<v Speaker 1>play into causing or at least exacerbating the Great Depression. Well,

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<v Speaker 1>what people fail to understand is when the Great Depression

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<v Speaker 1>hit on, people are already struggling for trade, in other words,

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<v Speaker 1>who to buy from, Because now you have the government,

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<v Speaker 1>via protectionism, saying hey, we the state are determining where

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<v Speaker 1>you're going to buy your products. And then their case,

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<v Speaker 1>they're arguing from what you would say public interest theory,

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<v Speaker 1>which is that all we are doing pre the economy

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<v Speaker 1>is in the public interest. But the tariff, the Harley

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<v Speaker 1>Terriffact failed immensely. I mean we are talking a few

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<v Speaker 1>months after it passed in nineteen thirty, seventeen point nine

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<v Speaker 1>percent of production drops immediately. And so when we think

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<v Speaker 1>about in today's environment, with the tariff war right now

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<v Speaker 1>with Mexico and Canada, we have to be very careful

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<v Speaker 1>of what tariffs are because then the tariffs are not

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<v Speaker 1>a good thing. It's kind of an unfortunate loss loss situation.

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<v Speaker 1>And so like people say, well, it's only for national

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<v Speaker 1>security reasons, and you can make an argument for that,

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<v Speaker 1>but when you're looking at it from a purely economic standpoint,

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<v Speaker 1>you're restricting trade, you're creating new barriers of entry for

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<v Speaker 1>new companies to invest in your country. You're effected. And

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<v Speaker 1>another unfortunate fact is you're actually encouraging ronism because teriffts

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<v Speaker 1>often benefit those in a situation that are like, you

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<v Speaker 1>know what if I don't the less competitors I have

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<v Speaker 1>in the economy, the more likely it can benefit. So

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<v Speaker 1>they What we start seeing is a transition from say

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<v Speaker 1>an economic competition, where you would say, okay, companies actually

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<v Speaker 1>have to compete with each other, versus say political entrepreneurship,

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<v Speaker 1>where it's like, how can I use the government to

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<v Speaker 1>my advantage. So I think with the teriff vers today

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<v Speaker 1>were Trump, we should be very leery about how we

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<v Speaker 1>are using teriffs in the context of what is going on.

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<v Speaker 2>Well, I mean, I think they disnecessarily along the lines

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<v Speaker 2>and logical reason that you're using, you know, the natural

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<v Speaker 2>reaction from an economic standpoint as well. You know, we're

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<v Speaker 2>going to get retaliatory tariffs on us, and people are

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<v Speaker 2>not going to buy as much or in when we

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<v Speaker 2>buy if for the goods that are imported based on

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<v Speaker 2>the retaliatory tariffs, we're going to have to pay more

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<v Speaker 2>for it. So through what lens was Herbert Hoover looking

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<v Speaker 2>when he put tariffs on twenty thousand or so products,

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<v Speaker 2>did he ignore that sort of logic, that economic reaction,

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<v Speaker 2>that wait a second, that's going to cause people to

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<v Speaker 2>demand less American products, and it's going to cause the

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<v Speaker 2>products that we import to go up in price. How

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<v Speaker 2>can that help the economy?

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<v Speaker 1>Exactly? So would Hoover spend commented the tariff. People kind

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<v Speaker 1>of debate about this somewhat, but most generally agree. When

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<v Speaker 1>the terror factor was approved in nineteen thirty, Hoover said, well,

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<v Speaker 1>it was part of our Republican platform because he did

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<v Speaker 1>campaign and then this was again nearly one hundred years

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<v Speaker 1>ago where Republicans were very much the party of terms.

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<v Speaker 1>That was a huge deal under McKinley, as we've heard

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<v Speaker 1>Trump today talk about McKinley. So Hoover kind of played

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<v Speaker 1>in that idea of somewhat I'm fulfiliate with the party

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<v Speaker 1>platform is. But at the same time, and this is

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<v Speaker 1>another unfortunate fact about Hoover's he did play into cronyism

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<v Speaker 1>a bit from his supporters in the industries that were like, hey,

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<v Speaker 1>we want to benefit right now, and we need to

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<v Speaker 1>really focus on how do we restrict trade from foreign countries,

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<v Speaker 1>other other words, foreign competitors, so we get the advantage

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<v Speaker 1>despite the fact that consumers are going to suffer. So

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<v Speaker 1>an immediate way, it's like, okay, we can artificially raise

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<v Speaker 1>our prices. And who kind of plays this idea, Well,

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<v Speaker 1>you know, lase fair. It kind of works, but I

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<v Speaker 1>also think it's not the most efficient form of government

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<v Speaker 1>of the economy. So that's kind of where the terrific

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<v Speaker 1>narrative comes from. Where again he said, well, it's part

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<v Speaker 1>of fulfilling the party platform. However, there's also the fact

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<v Speaker 1>that you have Suber going along Satan. You know, this

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<v Speaker 1>lasei fair thing is maybe not the way to go.

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<v Speaker 2>So ultimately, then did was was he more like a

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<v Speaker 2>Wilsonian kind of president?

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<v Speaker 1>Oh? Very much so. In fact, when Hoover initially expressed

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<v Speaker 1>his progressivism, he actually supported Teddy Roosevelt in an eighteen

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<v Speaker 1>twelve election. In fact, if you go to the Herbert

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<v Speaker 1>Hoover Library, his presidential library, everybody agrees that he adhere

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<v Speaker 1>to the Teddy Roosevelt wing of the party. He was

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<v Speaker 1>very much a progressive Republican of his day. So he

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<v Speaker 1>was like you know, I believe he's like you know,

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<v Speaker 1>I believe in rugged individualism because of his Quaker background,

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<v Speaker 1>so he supported freedom. However, he also saw like the

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<v Speaker 1>state could be used as a means to be constructive

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<v Speaker 1>in the economy. So that's kind of where the Wilsonian

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<v Speaker 1>the Roosevelt mentality comes from. In fact, Woodrow Wilson appointed

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<v Speaker 1>him as the director of the US Food Administration during

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<v Speaker 1>World War One. That's kind of where his first major

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<v Speaker 1>political job is under Woodrow Wilson.

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<v Speaker 2>How about that. I certainly enlightened me on quite a

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<v Speaker 2>few things on Herbert Hoover, and again the seminar tonight

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<v Speaker 2>at seven o'clock, And it's what did I overlook in

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<v Speaker 2>terms of something else you'd be speaking of love about

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<v Speaker 2>Herbert Hoover. We do did a lot on Smooth Hawley,

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<v Speaker 2>because I know that was rather impactful and not a

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<v Speaker 2>good way since tariffs are a big topic of conversation.

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<v Speaker 2>But just real quick, what are the fun fact can

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<v Speaker 2>you throw out about Herbert Hoover that you'd be talking

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<v Speaker 2>about tonight that my listeners might be interested in.

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<v Speaker 1>Yeah, so I think I don't want to give all

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<v Speaker 1>away the.

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<v Speaker 2>No, no, no, but don't don't rebel page in the book.

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<v Speaker 1>Oh exactly. But I think a lot of people will

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<v Speaker 1>find surprising is that when we think about who Coover

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<v Speaker 1>is as this log fair guy, as I said, that's

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<v Speaker 1>not him. And I think the biggest secret, or the

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<v Speaker 1>biggest surprise will be that Hoover actually developed his own

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<v Speaker 1>new deal before FDR ever thought about it. In fact,

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<v Speaker 1>a lot of economists and historians have actually looked back

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<v Speaker 1>on this and said, you know, and interesting enough, I

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<v Speaker 1>have the quote right in front of me from FDR's advisor,

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<v Speaker 1>Roxford Tugwell, who said, quote when it was all over,

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<v Speaker 1>I once made a list of new deal ventures begun

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<v Speaker 1>during Hoover's years as Secretary of Commerce and then as president.

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<v Speaker 1>The new deal owed much to what he had begun,

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<v Speaker 1>and effectively, what he's saying there is Groover without Hoover,

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<v Speaker 1>FDR really didn't have that much well his own DUDU.

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<v Speaker 2>That's hilarious, Hunter Oswald, Do you be talking about this at

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<v Speaker 2>length this evening again? Log in online empower Youoamerica dot

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<v Speaker 2>ORGANI is a link on my blog page fifty five

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<v Speaker 2>KRC dot com. Just make sure you register. It's a

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<v Speaker 2>wonderful speech tonight, I'm sure will be Hunter, and thanks

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<v Speaker 2>for coming in the morning show and giving us a

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<v Speaker 2>little bit of information about Herbert Hoover that I'm sure

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<v Speaker 2>quite a few of us didn't know.

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<v Speaker 1>Well. Thank you, Brian, and again everybody come out tonight

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<v Speaker 1>and hope see you all.

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<v Speaker 2>There very much. So take care of my friend and

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<v Speaker 2>don't go away. Former Anderson Township trusty Drew Pappas had

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<v Speaker 2>a bit of an altercation with some liberal protest to

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<v Speaker 2>resulting in well him assaulting Drew Pappas. We'll get the

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<v Speaker 2>details on that coming up next Fall by Jay Ratliff

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<v Speaker 2>at the bottom of the hour. Who we can stick

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<v Speaker 2>around fifty five krc A U line