Cory Booker: “Herbert Hoover believed in laissez-faire economics that…”

“Real power is what I believe will be rising in Michigan in the coming months. You see in the depths of the Depression when you had a President, Herbert Hoover believed in laissez-faire economics that prosperity would trickle down if you just kept helping the wealthy. In the time of Herbert Hoover, this community in Detroit did not wait for other people to deliver them. It was a community in Detroit that my grandparents found that they could turn their pain into purpose.” (11:43–11:59)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.