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Her great-grandfather was behind the Smoot-Hawley Tariff Act. She thinks Trump’s tariffs are 'terrible.'
NBC News | Comcast ^
| April 2, 2025
| By Daniel Arkin (D-NBC)
Posted on 04/03/2025 3:24:39 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
To: Oldeconomybuyer
Wow. A retired nurse chimes in on tariffs. Impressive. Everybody pay attention.
3
posted on
04/03/2025 3:27:05 AM PDT
by
MayflowerMadam
(It's hard not to celebrate the fall of bad people. - Bongino)
To: Oldeconomybuyer
But the impact of trade was miniscule when compared to the size of the overall economic contraction. Government expenditures remained essentially constant, but private consumption and investment plummeted. Of the $131 billion in lost economic output over the five-year period, only about $0.7 billion seems attributable to trade. This is shown as the last entry in the last row of the table. In either absolute or relative terms,
the trade portion of the economic contraction of the Great Depression appears to be of little import.Read more here: Smoot-Hawley and the Depression
4
posted on
04/03/2025 3:28:30 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Oldeconomybuyer
If tariffs are so terrible, then why do all our "free trade" partners levy them against us?
What mechanism or negotiating tactic exists to convince our trade partners to lower them?
5
posted on
04/03/2025 3:28:53 AM PDT
by
Sirius Lee
("Never argue with a fool, onlookers may not be able to tell the difference.”)
To: Oldeconomybuyer
This is news? The opinion of the great granddaughter of a depression era congresscritter???
Jeez...
6
posted on
04/03/2025 3:29:52 AM PDT
by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and don't wish to smile.)
To: Oldeconomybuyer
7
posted on
04/03/2025 3:32:11 AM PDT
by
mewzilla
(Swing away, Mr. President, swing away!)
To: central_va
8
posted on
04/03/2025 3:33:08 AM PDT
by
sauropod
(Make sure Satan has to climb over a lot of Scripture to get to you. John MacArthur Ne supra crepidam)
To: Oldeconomybuyer
Smoot Hawley myth/lie is a favorite globalist tool to fool us into hanging ourselves.
9
posted on
04/03/2025 3:33:22 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: central_va
I recall reading in one of Milton Freidman’s books about how the Depression had a lot more to do with FDR’s meddling with the banks and related issues. The real nasty years of that time were years like 1933, ‘34, and ‘35 due to Roosevelt and his policies.
10
posted on
04/03/2025 3:33:30 AM PDT
by
OttawaFreeper
("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
To: Oldeconomybuyer
What a bunch of whiners. TDS or not.
Rand Paul. This non qualified hair styling compromised screecher they dragged out of the woodwork. MSDNC hosts
Trump is a great economics and finance mind. He studied at Wharton. His education is not nepo. He amassed a great fortune NOT by robber baroning, not by taking money from wink nod DNC or RNC donors and not by cheating but by knowing finance and using what he knows
Whatever he does here is going to work
None of these idiots have said word one about the congress and the last few execs running up 40 trillion in debt
11
posted on
04/03/2025 3:33:40 AM PDT
by
stanne
(Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
To: Oldeconomybuyer
12
posted on
04/03/2025 3:35:01 AM PDT
by
quilterdebbie
(We will endeavor to persevere!)
To: Oldeconomybuyer
13
posted on
04/03/2025 3:35:38 AM PDT
by
mewzilla
(Swing away, Mr. President, swing away!)
To: Oldeconomybuyer
just because her great grandpa messed up doesn’t mean same will happen today with different people, situations etc.
As we know, some times it’s other things (or people) connected to the main thing that contributes to the main thing not doing as intended.
14
posted on
04/03/2025 3:36:46 AM PDT
by
b4me
(Pray, and let God change you. He knows better than you or anyone else, who He made you to be.)
To: OttawaFreeper
Right! I read “The Forgotten Man” by Amity Shlaes that goes into that stuff too.
15
posted on
04/03/2025 3:38:09 AM PDT
by
quilterdebbie
(We will endeavor to persevere!)
To: MayflowerMadam
And voted for harris too.
I read no further
To: Oldeconomybuyer
This article is a perfect example of why “Arguments from Authority” are easily refuted.
17
posted on
04/03/2025 3:41:16 AM PDT
by
Ignatz
("Look, if I offend anybody today, I don't care." -Tom Homan)
To: b4me
Agree. Today is Totally different now. US hasn’t had a trade surplus since 2001.
18
posted on
04/03/2025 3:41:41 AM PDT
by
griswold3
(Truth Beauty and Goodness)
To: Oldeconomybuyer
this woman lived a life of shame because of hearing things from her mom? name change was her savior? you can’t escape self imposed stupid.
19
posted on
04/03/2025 3:41:45 AM PDT
by
b4me
(Pray, and let God change you. He knows better than you or anyone else, who He made you to be.)
To: Oldeconomybuyer
Seems to me that if there are tariffs levied against our goods/services by a particular country then we can reciprocate.
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