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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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1 posted on 08/26/2015 5:47:02 PM PDT by WilliamIII
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To: WilliamIII

If you look at Trump’s actions, not his word, it’s clear he wouldn’t be protectionist. He’ll ship every job he can overseas or give it to illegals.


2 posted on 08/26/2015 5:48:22 PM PDT by nickcarraway
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To: WilliamIII

Do they really think that Trump doesn’t understand economics?


3 posted on 08/26/2015 5:51:11 PM PDT by Bryanw92 (Sic semper tyrannis)
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To: WilliamIII
Dutiful Permabull Kudlow takes up the cudgels for Manor Bush. Way to go, Larry. You'll be a regular visitor in Kennebunkport any time now, if you aren't already.
4 posted on 08/26/2015 5:51:12 PM PDT by lentulusgracchus ("If America was a house , the Left would root for the termites." - Greg Gutfeld)
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To: WilliamIII

Oh, and NAFTA, GATT, and now the TPP are better for us?


5 posted on 08/26/2015 5:51:51 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: lentulusgracchus

Kudlow the Concern Troll is Concerned.


6 posted on 08/26/2015 5:52:26 PM PDT by Eddie01
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To: WilliamIII

It was FDR, not Herbert Hoover, whose Communist economics kept the Great Depression going ten years longer than necessary.

The country was coming out of the Depression when FDR threw it back in.


7 posted on 08/26/2015 5:53:08 PM PDT by Cicero (Marcus Tullius)
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To: WilliamIII

No Larry Trump just wants to negotiate trade deals that actually benefit the US not the turd world trading partner.


8 posted on 08/26/2015 5:53:12 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: WilliamIII

China is protectionist and I rarely see any criticism about them from our chattering class.


9 posted on 08/26/2015 5:53:26 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Cicero

Mark Levin continues to blame Hoover for the Great Depression too. I thought he was supposed to be a history buff?


10 posted on 08/26/2015 5:54:38 PM PDT by Catsrus (The Great Wall of Trump - coming to a southern border near you.)
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To: WilliamIII

Kudlow is a real open borders, bottom line uber alles kinda guy.


11 posted on 08/26/2015 5:55:01 PM PDT by skeeter
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To: Eddie01
Well, if it's that concerning, maybe I need to get concerned, too. These Cruz types are getting all too much public notice.
12 posted on 08/26/2015 5:55:39 PM PDT by lentulusgracchus ("If America was a house , the Left would root for the termites." - Greg Gutfeld)
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To: WilliamIII

you don’t want tariffs?
then: 1. end crony capitalism
2. remove crushing regulations
3. make good trade deals
Your ilk created Trump, now deal with it


13 posted on 08/26/2015 5:55:59 PM PDT by dontreadthis
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To: Moonman62

we don’t run China, in case you haven’t figured it out.


14 posted on 08/26/2015 5:55:59 PM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
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To: C. Edmund Wright

If it was up to Obama - he would run this country like China. He has done a pretty good job so far.


15 posted on 08/26/2015 5:57:53 PM PDT by Catsrus (The Great Wall of Trump - coming to a southern border near you.)
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To: Cicero
The country was coming out of the Depression when FDR threw it back in.

Just like IslamoCommunist Mau-Mau Osagyefo President for Life Barack Hussein Obama, the Manchurian Candidate.

16 posted on 08/26/2015 5:59:06 PM PDT by lentulusgracchus ("If America was a house , the Left would root for the termites." - Greg Gutfeld)
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To: C. Edmund Wright

we don’t run China, in case you haven’t figured it out.

...

And I guess, in your feeble mind, that means no one can criticize them .


17 posted on 08/26/2015 5:59:08 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Georgia Girl 2

no, he’s a protectionist. It’s amazing that you think all these companies that, say, foreign steel are losing. Are they losing when they turn that steel into cars, into farm equipment, into towers, into motor graders, into skid steers....into whatever....and create jobs and wealth in the meantime....HOW THE F is that “losing?”

I know you’re not going to like this, burt the conservative economic position is free and open trade. The socialist liberal economic position is the zero sum idea of protectionism. I know, you hate it, but it’s true. Just admit your’e a lib on this issue.


18 posted on 08/26/2015 5:59:16 PM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
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To: Moonman62

It’s fine to criticize them....absolutely. And China SCREWS their citizenship with their protectionism and it benefits only a few oligarchs. That’s what protectionism always does.

So criticize away....I’m all for that....but don’t pretend as US President you can do much about it, and don’t pretend that our main problems aren’t self inflicted, and have squat to do with China or Russia or Mexico or anyone else.


19 posted on 08/26/2015 6:00:50 PM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
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To: WilliamIII

Larry Kudlow: the favorite pet of the ruling class dragged out of mothballs to assure us that nothing can be done, or changed, to change the course we are on.


20 posted on 08/26/2015 6:01:26 PM PDT by LongWayHome
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