Posted by Bob Lord
I almost missed this whopper by the Thuckmeister in a comment to a BlueMeanie post:
You are running the Roosevelt play book in using Hoover as a metaphor for Bush. But, that doesn't cut it any more. Thanks to Lee Ohanian's (top ranked economist) work we know that a modest recession was turned into the Great Depression by Roosevelt's destructive regulatory schemes. [emphasis mine]
So, you be the judge. The unemployment rate hit 25% in 1932, before Roosevelt took office. How, then, could Roosevelt have turned a "modest recession" into the Great Depression? If unemployment had hit 25% before he took office, it already was a Great Depression before Roosevelt could implement any "regulatory schemes."
If Thucky knew this at the time he commented, he's pretty clearly a liar.
What if he didn't know it? In other words, what if he remained willfully ignorant of the truth while purporting to have knowledge of the subject about which he spoke? I'd say that is tantamount to lying, but I'm sure ole Thuckenheimer will claim otherwise.