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To: John Filson
"You're too young "

Well I certainly didn't know Hamilton but I'm old enough to have heard numerous men talk about living through the Great Depression brought about by Smoot-Harley and the trade wars.

Protectionism always depresses economic activity.

25 posted on 07/03/2005 8:07:43 PM PDT by bayourod (Unless we get 40% of the Hispanic vote in 2008, President Hillary will take all your guns away.)
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To: bayourod
You're conveniently forgetting how optimistic the 1950s were. You can measure the economic health of a nation by its birth rate. Native-born American birthrates were very high in the 1950s. Now they're practically negative. Why is that, bayourod? Show me the native-born economic optimism. It's gone missing. You're clueless as to where it's gone, but it's definitely gone. It would be easy to bring it back, but that's not what interests you.
26 posted on 07/03/2005 8:11:19 PM PDT by John Filson
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To: bayourod
Great Depression brought about by Smoot-Harley and the trade wars.

How could it be if the Smoot-Hawley was AFTER Stock Market Crash of 1929?

27 posted on 07/03/2005 8:17:40 PM PDT by A. Pole (George Orwell: "In times of universal deceit, telling the truth will be a revolutionary act.")
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To: bayourod
I'm old enough to have heard numerous men talk about living through the Great Depression brought about by Smoot-Harley and the trade wars.

I'm sure you have. Smoot-Hawley is a favorite bugaboo myth amongst free-traitors.

If the myth had any validity, why didn't the reversals begun in 1934 pull us out of the depression?

Unfortunately if took the WW II war economy to do that.

81 posted on 07/04/2005 6:30:44 AM PDT by iconoclast (Conservative, not partisan..)
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