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To: stocksthatgoup

Cruz name drops (Smoot-Hawley for “debate” effect and bombs out.... again.

Where are these fabulouso debating skills tonight. Get your policy weeds going, Ted. See where it brings us. Words.


884 posted on 03/10/2016 6:49:50 PM PST by RitaOK ( VIVA CRISTO REY / Public education is the farm team for more Marxists coming)
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To: RitaOK
Cruz promulgates the Smoot-Hawly fallacy.

I took history in HS and college in the 70s and 80s. I studied the Great Depression and back then I never heard about Smoot-Hawley. Every instructor always blamed the GD on financial policy that allowed the stock market to balloon. People were borrowing money to but stocks then using that inflated stock as collateral to buy more stock. IT all crashed in 1929. Trade had nothing to do with it.

2,285 posted on 03/10/2016 8:37:45 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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