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Kudlow: Why Trump's protectionist ways will hurt the economy
CNBC ^ | Aug 26 2015 | Kudlow and Moore

Posted on 08/26/2015 5:47:02 PM PDT by WilliamIII

Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover.

Does Trump aspire to be a 21st century Hoover with a modernized platform of the 1930 Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system?

(Excerpt) Read more at cnbc.com ...


TOPICS: Politics/Elections; US: New York
KEYWORDS: 2016election; demagogicparty; election2016; fairtrade; freetrade; hawleysmoot; larrykudlow; lawrencekudlow; memebuilding; miltonfriendman; newyork; ntsa; partisanmediashill; partisanmediashills; paulstreitz; smoothawley; tariff; trump
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To: Political Junkie Too

I do not want a government bureaucrat telling me what I can buy and sell, period. They simply will never know how to run a business better than the businessmen.

I’m fine if he wants to push for a fairer trade deal by threatening tariffs, but keeping tariffs in place that will prevent us buying from and selling to whoever we want in the world should not be the end goal.


161 posted on 08/27/2015 2:35:19 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Georgia Girl 2

Not to pick a fight with a fellow FReeper, particularly one FRom my second home state — I was born in Virginia to two wonderful Gerogia-born-and-bred parents! And I have spent many, many happy days in Georgia over the years. I am on the BoD of my family farm near Tennille, GA, so I have very strong Georgia ties.

But, HST, a former boss used to say to us that “Can’t never could.”

So, we must persevere and FORCE the government to do our bidding re: FairTax, term limits, voter ID, and sundry other issues on our conservative plate.

Clearly, LIEberalism is a failure, and we must continue the battle.

For, if we abandon the field of battle, the LIEberals win and we lose!

WE MUST PREVAIL! AMERICA IS DEPENDING ON US!


162 posted on 08/27/2015 3:17:01 PM PDT by Taxman (H. L. Mencken correctly observed: Government is actually the worst failure of civilized man.)
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To: Sun

Nor can I!

HST, if we must trade, we MUST ensure that USA is playing on a level playing field!

We have been playing “Giveaway” since WW II! That MUST stop!

FairTax solves a lot of problems, trade being one of them, so it cannot be “put aside.”

FairTax MUST be part of the conversation!


163 posted on 08/27/2015 3:23:21 PM PDT by Taxman (H. L. Mencken correctly observed: Government is actually the worst failure of civilized man.)
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To: Hawthorn

“I think he need not worry about his place in history.”

Well...at least two of us will raise a toast to him. Not sure about the rest.


164 posted on 08/27/2015 5:58:12 PM PDT by Pelham (Without deportation you have defacto amnesty)
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To: 9YearLurker

They can’t ship into the US if it is prohibited or taxed at 40 percent.


165 posted on 08/27/2015 6:58:24 PM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
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To: 1rudeboy

Billions....look it up.


166 posted on 08/27/2015 7:00:23 PM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
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To: TomasUSMC

We bought billions worth of stuff? That’s a win.


167 posted on 08/27/2015 7:17:17 PM PDT by 1rudeboy
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To: 1rudeboy

Buying from COMMUNIST China is a loss.


168 posted on 08/28/2015 3:28:49 AM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
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To: TomasUSMC

I agree. That’s why placing a tariff on bananas from Chile makes no sense.


169 posted on 08/28/2015 3:30:32 AM PDT by 1rudeboy
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