What do economists know about economics anyway? Thankfully, Herbert Hoover ignored those pinheads and signed the Smoot-Hawley Tariff. As a result, we avoided going into a Great Depression, other countries did not retaliate against us, and the world didn't spiral into global war and genocide. This is why Herbert Hoover's face was added to Mount Rushmore, as one of our country's greatest presidents. When times got tough, he went with popular opinion and not with with the so-called experts.
To: Redmen4ever
But, but, but...Protectionism is in our national interests! Free trade is un-American!!!
2 posted on
11/05/2007 7:49:56 AM PST by
Choose Ye This Day
(War is the remedy that our enemies have chosen, and I say let us give them all they want. -- Sherman)
To: Redmen4ever
Funny how so many people want to reinstate something like Smoot-Hawley now. Of course, this time we’d do it right :)
3 posted on
11/05/2007 7:50:13 AM PST by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
To: Redmen4ever
it bothers me to see some self-identified conservatives who think we can improve the economy by taxing and regulating
4 posted on
11/05/2007 7:50:47 AM PST by
ari-freedom
(I am for traditional moral values, a strong national defense, and free markets.)
To: Redmen4ever
"In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression."
5 posted on
11/05/2007 7:51:08 AM PST by
dfwgator
(War Damn Eagle!)
To: Redmen4ever
R. Reagan + tariff = saved Harley Davidson.
Cue “Apocalypse Now” movie:
“The Horror..............The Horror.........
Women and children hurt most.
10 posted on
11/05/2007 11:18:46 AM PST by
taxed2death
(A few billion here, a few trillion there...we're all friends right?)
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