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To: Cringing Negativism Network

It is OK to want jobs in the United States. You seem to think that protectionism protects American jobs. FDR tried that in the 30s - how was our unemployment rate then?


28 posted on 01/31/2015 12:57:13 PM PST by impimp
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To: impimp
Smoot Hawley had a very tiny impact on the great depression.

Imports during 1929 were only 4.2% of the United States' GNP and exports were only 5.0%. Monetarists, such as Milton Friedman, who emphasize the central role of the money supply in causing the depression, note that the Smoot-Hawley Act only had a contributory effect on the entire U.S. economy.

29 posted on 01/31/2015 1:19:29 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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