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To: BubbaBasher; traditional1; pissant; Calpernia; AuntB; Paperdoll; Canticle_of_Deborah

Pardon me for offering my view on the issue of tariffs in particular, but I do know that Smoot-Hawley, though hardly the primary cause of the Great Depression, might have extended it at the time when it resulted in every other country raising their tariffs in a time of economic strife (the market crash in 1929 that resulted in a recession). It was only one of many factors that resulted in the Great Depression.

Tariffs are a boogeyman, I understand that. But many of our Founding Fathers favored our tariffs. Some of our earliest Presidents used tariffs to help American businesses. To act like tariffs are the world’s worst economy killer is silly, in all honesty. They’re an economic tool that can harm one country in exchange for helping another in the short-term, it might hurt both in the long-term, it might help both in the long-term. Economic situations - especially global ones like the Great Depression - are rarely so simple as to be narrowed down to one cause, as many have done with the Smoot-Hawley tariff.


1,710 posted on 10/09/2007 6:26:53 PM PDT by Ultra Sonic 007 (Look at all the candidates. Choose who you think is best. Choose wisely in 2008.)
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To: Ultra Sonic 007

Tariffs were our primary funds for government. Generally speaking there’s always been debate on how high they should be.

I tend to favor low taxes on every level. Tariffs, income taxes, etc.


1,722 posted on 10/09/2007 6:38:14 PM PDT by Rick_Michael (The Anti-Federalists failed....so will the Anti-Frederalists)
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