Posted on 08/27/2015 6:51:48 AM PDT by SeekAndFind
Why in the world would he do that?
Trump would get a tremendous pay cut if he were elected, so I don't see him in the race for the long haul.
The Trump Organization makes $300 million a year. That won't stop.
I believe they are listening to him, but only hear what they want. Comparing Trump to Herbert Hoover is an example of economic cluelessness. Telephones were not commonplace in HH’s time and the stock market dealt in pieces of eight (hence the reason why stocks moved in eights of a dollar). There is a thing called the internet now and it can be used by foreign powers to buy crooked politicians. Trump wants to erect more than just a border fence IMO...he wants to have a smart and patriotic gubmint. Monumental task, but he is the man for the job, if anyone.
Namely to allow a Constitutional conservative to govern again; you think Trump has as great a grasp of our laws and the Constitution as Cruz does?
“Unfortunately, Mark Levin says the same thing. Tariffs weren’t the main reason for the Great Depression.”
I noticed that. The Federal Reserve was FAR more responsible than the Hawley-Smoot tariff — by withdrawing a large portion of the money supply and by destroying the banks with refusal to grant them loans. The Fed made restrictions on loaning money to banks so restrictive, that if the banks could have met the standards, they would not have needed the loans.
“Stop trying to make us believe he’s something he isn’t.”
They can’t, that’s the only trick they’ve got.
Free trade is a great idea - on paper, and only if the other players are fair and reasonable. When the other side is composed of cheating mercantilists, it doesn't work. When "free trade" also includes effectively unlimited immigration into a welfare state, it not only doesn't work, it is a prescription for disaster.
In theory, theory and practice match. In practice, theory is impractical and should be restricted to textbooks.
BTW, Archie was right about Hoover. He was far from a perfect President, but the Fed is much more responsible for the Depression than he ever was. Roosevelt also deepened and extended it with tax increases and the imposition of burdensome regulations.
“Then I’ve lost count of how many times protectionists Dick Gebhardt and Bob Kerrey ran. But anyway, it doesn’t look to me as if protectionism is a winning ticket to the White House.”
You honestly think the average American voter gets upset over protectionism? And, Pat Buchanan very accurately predicted the outcome of free trade. Free trade is why we are in shape we are in. How on earth can anyone argue the point? Have you noticed, that when you buy anything made in the United States, it has a small American flag on the package? You don’t see that small flag very often.
That’s why he’s under attack left right and center, God help him.
Trump's financial advisers are Steve Forbes and Art Laffer. Hmmm. Don't think they've ever been accused of being "protectionist."
Probably, and we don’t need a Hoover, we need a Coolidge.
When there was a crash earlier in the 20s, the government did nothing and it passed in fairly short order. When the 1929 crash happened, first Hoover and then FDR began to intervene in the economy and they stretched it out and made it deeper.
So let’s follow their lead, right?
Just like that evil Ronald Reagan, who imposed quotas on Japanese imported cars so they would build plants in the United States.
But you cannot discount Smoot-Hawley. Now, understand this was the BIGGEST TAX HIKE IN HISTORY, hitting some imported raw materials (which killed manufacturing) by up to 30%. We had had smaller tariffs for years without any problems.
Mark Levin called out Kudlow yesterday and said he pretends to be neutral when discussing Trump but is really biased. Levin has also called Kudlow a fake economist who does money shows on Sunday. I also remember Kudlow saying the govn’t doesn’t lie about economy/job/growth statistics because he was in the Reagan admin and they never lied in the early 80s; therefore, the peoplein the Obama admin cannot lie today.
If the world were a textbook, you'd be correct. However, what we have now is far from free trade - it is largely a one-way street for money and jobs to flow out of this country. Couple that with an insanely self-destructive immigration policy (aided and abetted by having a social welfare state that supports illegals), and you have a recipe for...Donald Trump.
Understand that establishment types like Moore and Kudlow created the demand for Trump (or someone like him). Repeatedly and knowingly lying to, and ignoring the desires, complaints and best interests of those whom the elites (of both parties) purport to represent, is a perfect recipe for incredible resentment, at best.
Hoover was unfairly beat up by history, He was the victim of the financial system and had limited tools to use. As this was a worldwide event it took Adolf Hitler to end the Great Depression. FDR and his regulators had virtually nothing to do with it.
>> Free trade is why we are in shape we are in. How on earth can anyone argue the point? <<
I can and do “argue” the point. I cast my lot with free trade advocates like Adam Smith, Milton Friedman, Thomas Sowell and Ronald Reagan.
In the meantime, if you think your logic is superior, you’re free to reject their beliefs and cast your lot with mercantilists like Ross Perot, Pat Buchanan, Bernie Sanders and the AFL-CIO.
So let’s agree to disagree. Further discussion would not be useful.
The thing to do is withdraw from the UN, The WTO, NAFTA and the G8. We can make it just fine .
>> Hoover was unfairly beat up by history <<
Only partly so. He was clearly a “big government Republican” in the style of Teddy Roosevelt. Among other things, Hoover was responsible for the government monstrosity known later as the FCC, and he was father to the American foreign aid program.
Even worse, the lion’s share of FDR’s New Deal policies were actually birthed by Hoover’s administration. If Coolidge had run and been re-elected in 1928, we’d probably be living today in a much safer and more prosperous world.
Yeah, I’ve seen Kudlow speak, and there’s something oddly charming about him. I also sometimes listen to podcasts of his Saturday show or the weekly podcast that he does with TPaw. A complete GOPe/RINO thinker politically. He I think is sincere in his beliefs and is a bright guy though of course no longer a practicing economist. There’s also some truth about what he says of a strong economy improving a lot of social ills and better tax policy improving the economy.
That said, he pals around with the worst of the Establishment apologist/pundits, like “Jimmy P.”
Larry has been downright vicious about and toward Trump.
In contrast, TPaw correctly called Trump as a major force in the race before he announced (maybe because he saw Jesse Ventura get elected?, and TPaw went right back at Larry pointing out all of the ways we’ve let China strip our countries of IP, and force various one-way conditions on them, as a condition of selling into the country.
Boy, the way Glenn Miller played
Songs that made the Hit Parade
Guys like us, we had it made
Those were the days
Didn’t need no welfare state
Everybody pulled his weight
Gee, our old La Salle ran great
Those were the days
And you knew where you were then
Girls were girls, and men were men
Mister, we could use a man like Herbert Hoover again
People seemed to be content
Fifty dollars paid the rent
Freaks were in a circus tent
Those were the days
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.