Professor Paul Krugman suggests that acting Hooveristically means "slashing spending in a time of recession, often at the expense both of their most vulnerable constituents and of the nation’s economic future." Each of these Hooverisms is consistent with George W. Bush's administration, which is widely acknowledged as one of the worst in history. More Krugman on Hooverism in the GOP in the second half of this video:
Hoover may have been a victim of the Depression, but his response to it came too little, too late. He deserves to be listed among the worst Presidents ever. He earned the title.