Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Helicondelta

Perhaps Trump can manage to do this all over again.

The world is on the edge just waiting for a little nudge.

http://americastradepolicy.com/did-the-smoot-hawley-tariff-cause-the-great-depression/#.VshEpfk4H5c


2 posted on 02/20/2016 2:49:49 AM PST by DB
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DB

How about he brings home the jobs from China that makes his Tie line? http://www.cnn.com/videos/tv/2015/07/01/donald-trump-china-made-ties-sotu-intv.cnn

Haven’t seen where he’s gone after Nabisco for moving Oreo’s to Mexico.

While decrying Apple’s refusal to decode what the government changed password on his IPhone.

I think the word Hypocrite comes to mind.


29 posted on 02/20/2016 5:18:19 AM PST by GailA (any politician that won't keep his word to Veterans/Military won't keep them to You!)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: DB
The Smoot-Hawley myth is not hard to debunk. All it takes is to look at the actually data from the 1930's and draw your own logical conclusions from that data. Trade, both import and export, was a tiny part of the overall economy during the depressed 30's. Smoot-Hawley's impact after subtracting trade's $3Billion from the entire GDP($50Billion) economy could not have worsened the economy much at all. Due to it's small overall portion of GDP, trade restrictions could NOT have the "devastating" effect the "learned" economics that IMO have an agenda profess. Ask yourself this, if your paycheck were cut by 4% would that cause you to go broke and loose everything? Would it cause you and your family a personal devastating Great Depression lasting a decade? I think not.

But back to the data. Look at the chart below. Notice that net trade hardly changed after Smoot-Hawley passage. We've been sold a bill of goods deal so with it, correct your misunderstanding and move on.


38 posted on 02/20/2016 6:12:00 AM PST by central_va
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson