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To: dennisw

Smoot Hawley happened in a situation which was the diametric opposite of our current world situation.

Back then, America had the most to lose.

We were a massive exporting powerhouse.

Hint: We’re an importing mess now. We really have no more industry to lose.

We have everything to gain from a trade war. The only real question is, what are we waiting for?


72 posted on 04/30/2011 3:24:42 PM PDT by Cringing Negativism Network (Birther on Board)
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To: Cringing Negativism Network

Back when Paul Volker straightened out the Jimmy Carter mess... we were a mighty exporting nation and did not run continual trade deficits. Times are so much different today. I fail to see how a nation (USA) that runs a 600 billion dollar annual trade deficit can lose a trade war. We have to produce more and consume less. We have so much “stuff” in peoples houses and garages and flea markets that I don’t think we would even notice if China sold us nothing for the next five years. We could fix and make do w what we have and make more right at home in the good ol USA


74 posted on 04/30/2011 3:34:04 PM PDT by dennisw (NZT - "works better if you're already smart")
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To: Cringing Negativism Network
Hint: We’re an importing mess now. We really have no more industry to lose.

Ya know and that loss of industries has cut down on a lot of our pollution and CO2 output. But of course the eco-wackos don't care and press onward with their insane money-draining schemes. Because they don't know how to produce...they just know how to harass the real producers, capitalists and workers of America

75 posted on 04/30/2011 3:38:02 PM PDT by dennisw (NZT - "works better if you're already smart")
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