Posted on 08/30/2015 6:00:11 AM PDT by GeronL
Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover.
Obviously that economic strategy didn't turn out so well — either for the nation or the GOP.
Does Trump aspire to be a 21st century Hoover with a modernized platform of the 1930 Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system?
We can't help wondering whether the panic in world financial markets is in part a result of the Trump assault on free trade.
Trump is also now running full throttle on an anti-immigration platform that could hurt growth as well and alienate Republicans from ethnic voters that the GOP needs if it is going to win in 2016.
We call this the Trump Fortress America platform. He clearly sees international trade and immigration as a negative sum game for American workers.
He recently announced that as president he would prohibit American companies like Ford from building plants in Mexico. He moans pessimistically that "China is eating our lunch" and is "sucking the blood out of the U.S.?"
But strategic tax cuts and regulatory relief after the anti-business rule-making assault by Obama, not trade and immigration barriers, are the solution to America's competitiveness deficit.
A draft of Trump's 14-point economic manifesto promises that, as president, he would "modify or cancel any business, or trade agreement that hinders American business development, or is shown to create an unfair trading relationship with a foreign entity."
Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Finance/LarryKudlow/Donald-Trump-21st-Century-Protectionist-Herbert-Hoover/2015/08/28/id/672495/#ixzz3kIqVddzd Urgent: Rate Obama on His Job Performance. Vote Here Now!
(Excerpt) Read more at newsmax.com ...
Would this be the same Donald Trump who was 100% in for the auto union bail outs?
Nah, can’t be the same Donald Trump. Must be his evil liberal clone twin.
Larry “Goldilocks” Kudlow is the worst talk show host in the history of talk shows. I listen to PBS in the morning to avoid that nasal whine - that’s how bad he is. He’s in the pocket of the Chamber of Commerce, loves illegals and is generally wrong about everything. Actually, I should call him Larry “Pollyanna” Kudlow because no matter how bad the economy, he thinks everything is just dandy.
It was Roooosevlet’s interventions that deepened and prolonged the depression.
Just remember ‘21—the depression that DIDN’T HAPPEN. We could have had that, too.
...Sounds like he thinks the government should be running the corporations...
We saw how well that worked out for Cuba.
Kudlow.....braindead!!!
Kudlow is on board The Cheap Labor Express.
He wants ¡Yeb!
“Protectionist” and “Punitive” are not the same thing despite sharing the mechanism of tariffs.
It is disingenuous at best, and duplicitous at worst, to pretend not to understand the difference.
which of course gives you the excuse not to intellectually analyze whether anything he says is true or not. Once again, demonstrating the difference between a serious conservative and a bot.
B I N G O ! ! !
>>Sounds like he thinks the government should be running the corporations<<
Right? The middle class is being crushed in this country. The poor are coddled along in society with our tax dollars and pay little into the system. The rich take their money and shelter it and the corporations take their dollars overseas.
The middle class is left holding the bag.
If you think the White House should be making individual business decisions for corporations welcome to Venezuela
“Sounds like he thinks the government should be running the corporations.”
Of course, in order to do that, he would have to get their manufacturing facilities back into the country from where all our manufacturing and jobs have gone. Ridiculous, huh?
It sounds to me like Trump wants America to be on the profitable side of world trade again.
Trump is a phony.
I am going to vote for a real conservative for once, or I am not voting.
Sounds like fascism
Hugo Trump, see how well it worked out for Cuba and Venezuela
not a single Trump supporter will actually read the article and respond to any point Kudlow makes. It will be all about Kudlow...and personal. Watch it 3....2...1....
However, the general view is that while it had negative results, the Smoot-Hawley Tariff was not one of the main causes of the Great Depression because foreign trade was only a small sector of the U.S. economy.
Larry Kudlow is wrong about a lot things, but he right about Trump’s support of tariffs.
Mark Levin has said the same about Trump support of tariffs.
American workers have done SOOOOO well with the Free Traitors in charge, shipping factories overseas and to Mexico, and importing tens of millions of illegal slave laborers, to boost THEIR profits while sticking US with the costs of their welfare, healthcare and anchor babies for a lifetime. Basically this has been one gigantic wealth transfer from taxpayers to corrupt businesses. How is this “conservative”?
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