January 6, 2018

Mister Hoover's Dream

Back when Duesenberg was releasing the Model J, Herbert Hoover's Presidential campaign promised "a chicken in every pot." My father -- who would have been in high school at the time -- later tried to impress on his children the luxury of that claim. Chicken was a delicacy for special occasions and the idea of everyone in America having meat to eat was utopian.

No thanks to President Hoover's top-down, centralized economic solutions, we are well past the dream. The chicken in question has already been rotisseried and is waiting for you at the grocer's in a variety of succulent flavors.

Americans bought 625 million rotisserie chickens at supermarkets in 2017, according to market-research firm Nielsen and Costco Wholesale Corp. [COST -0.71%], a few millions more than the year before. Costco sold 87 million in its 2017 fiscal year, compared with 51 million in fiscal 2010.

Six hundred twenty five million is actually two chickens in every pot.It is available to about everyone in this country at about any time. Thanks, Capitalism!

Economics and Markets Rant Posted by John Kranz at January 6, 2018 3:28 PM

Lincoln was the first Republican President and Hoover was the worst. I'm ashamed to acknowledge that he was trained as an engineer. There must have been some other formative influences upon him than these two specific ones. Che Guevara's love child?

Posted by: johngalt at January 7, 2018 2:19 PM

Nixon gives him a run.

Posted by: jk at January 7, 2018 4:35 PM | What do you think? [2]