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Donald Trump- A 21st Century Protectionist Herbert Hoover
Newsmax ^
| Friday, 28 Aug 2015 07:28 PM
| Lawrence Kudlow
Posted on 08/30/2015 6:00:11 AM PDT by GeronL
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To: GeronL
"Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system? "
Nonsense.
Smoot-Hawley was, at worst, a MINOR contributor.
All but the ideological economists would relegate it to a tangential off-shoot, symptom rather than cause.
With the cause being an ENORMOUS debt bubble funding speculation.
Like now.
121
posted on
08/30/2015 9:28:02 AM PDT
by
Mariner
(War Criminal #18 - Be The Leaderless Resistance)
To: GeronL; All
"The "free and dutiable rate" in 1929 was 13.5% and peaked under Smoot-Hawley in 1933 at 19.8% which is significantly below the 29.7% "free and dutiable rate" that the United States averaged from 1821 until 1900. By 1937 the "free and dutiable tariff rate" was reduced to 15.6% when the recession of 1937-1938 occurred demonstrating no correlation between tariff levels and the performance of the U.S. economy.[17]"
The above posted so the lazy are not deceived.
There are folks in the US Chamber of Commerce that would have everyone believe that ANY US Tariff would be an economic catastrophe and they've had free reign with this meme for 70 years.
IT'S NOT TRUE.
It just runs against the Chamber's desire to offshore manufacturing AND access the US Market, duty free.
122
posted on
08/30/2015 9:37:39 AM PDT
by
Mariner
(War Criminal #18 - Be The Leaderless Resistance)
To: exPBRrat
he has been the one doing the payoffs.
123
posted on
08/30/2015 9:37:51 AM PDT
by
GeronL
(Cruz is for real, 100%)
To: itsahoot
AT least he is not a phony like Trump
124
posted on
08/30/2015 9:38:29 AM PDT
by
GeronL
(Cruz is for real, 100%)
To: GeronL
He's got them all terrified. Good.
I can't decide which of these I like better:
To: Conscience of a Conservative
BUMP
They will say “That doesn’t matter, that was so 24 hours ago”
126
posted on
08/30/2015 9:39:29 AM PDT
by
GeronL
(Cruz is for real, 100%)
To: Bon mots
127
posted on
08/30/2015 9:41:25 AM PDT
by
Califreak
(Hope and Che'nge is killing U.S. Feel the Trump-mentum!(insert ireally.supportCruzdisclaimerhere/))
To: Bon mots
Trump in 2009: Obama saved the economy!
128
posted on
08/30/2015 9:44:29 AM PDT
by
GeronL
(Cruz is for real, 100%)
To: Bon mots
To: RKBA Democrat
Keep trying. Someday something might stick.Indeed. Like "Throw all the sh*t we can think of at the wall and see if anything sticks." "Run it up the flagpole and see if anyone salutes.", ad nauseum.
They themselves are scared spitless and it provides some measure of schadenfreude to see them squirm.
130
posted on
08/30/2015 11:06:05 AM PDT
by
Oatka
(This is America. Assimilate or evaporate. [URL=http://media.photobucket.com/user/currencyjunkie/me)
To: GeronL
131
posted on
08/30/2015 11:41:16 AM PDT
by
Mr. K
(If it is HilLIARy -vs- Jeb! then I am writing-in Palin/Cruz)
To: Califreak
To: Oatka
I have to admit, the schadenfreude is great here. The gop scum, the Chamber of Cronies, and the ‘rats are all panicking. None of their normal bag of tricks seems to be working.
133
posted on
08/30/2015 12:24:24 PM PDT
by
RKBA Democrat
(Voting is useless, and it makes you complicit.)
To: C. Edmund Wright
This is why we can't take 80% of you nimrods seriously. That is such an irrelevant, vacuous, emotional and stupid response as to be beneath reply. Are you calling Levin a RINO? An establishment hack? Are you so enamored of your Trump knee pads that you will stoop to such infantile foolishness? I guess you answered those questions in the affirmative.... No. I am calling him fallible, as was Reagan, who also made huge blunders with Islamic radicals at the birth of the modern Islamic Jihad movement. So to hold them up as some kind of demi-gods is preposterous.
In fact, Levin has been very fair to Trump. And you may not recall that I am a Cruz man first, but increasingly convinced Trump is the only one who can prevail. But by all means continue your ad hominem attacks. It will really help you make you case...with somebody.
134
posted on
08/30/2015 12:55:04 PM PDT
by
montag813
(Bring Back Tar and Feathers)
To: C. Edmund Wright
Take your label and stick it.
135
posted on
08/30/2015 1:05:52 PM PDT
by
hoosierham
(Freedom isn't free)
To: montag813
no you didn’t call him fallible....you used one mistake as a way to disregard any comment on Trump’s policies - because of course you can’t defend those policies intellectually.
136
posted on
08/30/2015 4:26:11 PM PDT
by
C. Edmund Wright
(WTF? How Karl Rove and the Establishment Lost...Again)
To: BigBobber
I agree with that...Kudlow was right on the trade but perhaps not as great on immigration......
137
posted on
08/30/2015 4:28:01 PM PDT
by
C. Edmund Wright
(WTF? How Karl Rove and the Establishment Lost...Again)
To: montag813
In fact, Levin has been very fair to Trump. And you may not recall that I am a Cruz man first, but increasingly convinced Trump is the only one who can prevail. But by all means continue your ad hominem attacks. It will really help you make you case...with somebody. Now that was your first reasonable post on the subject in this thread. I disagree that Trump is the only one who can prevail, but I respect that kind of opinion. As for my attacks, they are not ad hominem, and they are not designed to convince the person I'm debating with. That's not how this works. So you went downhill with your last two sentences....
138
posted on
08/30/2015 4:32:37 PM PDT
by
C. Edmund Wright
(WTF? How Karl Rove and the Establishment Lost...Again)
To: Bon mots
I like both of the but the second one made me lol.
139
posted on
08/30/2015 4:51:39 PM PDT
by
Califreak
(Hope and Che'nge is killing U.S. Feel the Trump-mentum!(insert ireally.supportCruzdisclaimerhere/))
To: C. Edmund Wright
no you didnt call him fallible....you used one mistake as a way to disregard any comment on Trumps policies - because of course you cant defend those policies intellectually. I adore Mark Levin and never miss his podcast. I respect his opinion, but he and Kudlow are wrong on the relative impact of Smoot-Hawley on the Depression. This myth has the weight of scripture among free traders.
What policies do I need to defend of Trump's? I sent quite a bit of cash to Ted Cruz after he announced, but with each passing day believe he cannot be elected against the Uniparty and its media allies. Trump can. Easily. I support his (Jeff Session/FAIR) immigration policies as stated. Does he mean it? I don't know. What I DO know is that John Ellis Bush last week OPPOSED the building of a border fence, and is happy with the misinterpretation of the 14th Amendment. Can YOU intellectually defend Jeb's progressive policies? He is actually to the Left of Bernie Sanders on immigration.
Aside from Cruz and Trump, there is no other GOP candidate I would support. All the rest are corrupt and support the Obama-McConnell-Boehner-CoC status quo. Carson is apart from that, but will be quickly exposed in the coming debates.
140
posted on
08/30/2015 5:46:18 PM PDT
by
montag813
(Bring Back Tar and Feathers)
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