[central_va]

It is ridiculous to keep perpetuating Smoot Hawley as some kind of tariff boogie man. Smoot Hawley had a minimal impact on the US Great Depression and the FACT bear that out. But that won't keep religious zaealot from repeating theor BS dogma.

To put this in perspective, let's compare all the GDP components together:

1929 ------------------->1930

GDP $103.6 billion----------->$56.4 billion ( -$47.2 billion)

Consum. Expend $77.4 bil---->$45.9 billion ( -$31.5 bill)

Private Invest $16.5 bil----> $1.7 billion ( -$14.8 billion)

Trade Balance +$0.3 bil---->+$0.1 billion ( -$0.2 billion)

Exports $5.9 billion--------> $2.0 billion ( -$3.9 billion)

Imports $5.6 billion--------> $1.9 billion ( -$3.7 billion)

Again, at the risk of being repetitious, how much difference to US GDP did the export loss make? The Trade Balance worsened by only -$0.2 billion, or about -0.19% of our 1929 GDP, or less than 1/5th of 1% of 1929 GDP. Meanwhile, our total GDP wnt down a whopping -46%.

[bert]

I want to jump in here and ask you...... is Carrier paying 35% tariff on any thing being imported from Mexico?

Some how the notion of tariff appears to have been sidetracked by men that know business actually doing business. Too bad for the Etrogs

[elhombrelibre]

As a high tariff advocate, how high do you want this to be in percentage? Do you want it on everything coming in to the USA or just somethings?