Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
The tariffs (this does not include duty-free imports – see Tariff levels below) under the act were the second-highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.[3] The Act and following retaliatory tariffs by America's trading partners were major factors of the reduction of American exports and imports by more than half during the Depression.[4] Although economists disagree by how much, the consensus view among economists and economic historians is that "The passage of the Smoot–Hawley Tariff exacerbated the Great Depression."[5]The Great Depression was caused by excessive overseas investment and the inability to instantly check how those investments were invested.You realize many have blamed the great depression on tariffs right? They have never created jobs. Look at the Bush steel tariffs, lost jobs.Once more, detail in history where tariffs haven't worked.Trump taxing us more isn't going to change that... Tariffs have been used many times, and they just cost us jobs.Because I don't expect to see anything happening in one day.So then how do you support spending 7 million in tax dollars and still losing jobs? We can lose jobs for free...
Liberals have itchy crotches When an R does anything.
And I don't see Trump running around, like Obama and GW did, offering incentives left and right.
If and when Trump feels he got screwed, he'll let everyone know it.
On the other hand, you seem to get off on the billions we lose to China and India every year.
When you can flowchart how selling our souls to China makes sense, get back to me.
Especially when globalism has surely failed.
And where is Trump raising taxes?
I must have missed that news on Politico and TheHill.
Yeah, I don't do CNN and DailyKOS.
Tariffs are a tax on us, do you not even realize that?
Smoot–Hawley Tariff Act - Wikipedia