[Willie Green]

see my post #33

Do you mean this nonsense?

"If I had the time I would plot the historical relationship between tariff rates and GDP (U.S. or world) or GDP growth. Notice the very high tariff rates right before the Great Depression (hmmmmmm.....interesting)."

Imports formed only 6 percent of the GNP. With average tariffs ranging from 40 to 60 percent (sources vary), this represents an effective tax of merely 2.4 to 3.6 percent. Yet the Great Depression resulted in a 31 percent drop in GNP and 25 percent unemployment. The idea that such a small tax could cause so much economic devastation is too far-fetched to be believed.

[KayEyeDoubleDee]

Imports formed only 6 percent of the GNP. With average tariffs ranging from 40 to 60 percent (sources vary), this represents an effective tax of merely 2.4 to 3.6 percent. Yet the Great Depression resulted in a 31 percent drop in GNP and 25 percent unemployment. The idea that such a small tax could cause so much economic devastation is too far-fetched to be believed.

And the idea that this tarrif "tax" is the only economic burden resulting from the tarrifs themselves is blatanlty ignorant of basic economics principles.