Posted on 09/09/2015 3:35:20 AM PDT by nikos1121
That is why I do not support Trump.
Go read about Smoot-Hawley.That one Act of Congress to protect American Industry pretty much ended world trade until the accession of President Eisenhower. There, totally coincidentally I’m sure, was a worldwide Depression in those years, right up through the War.
I’m done with central va - he’s an ignorant troll union thug, or he’s got the IQ of a rotted cabbage - or maybe both.
He;’ll call you a “free traitor” soon - it’s his only go to line.
Alas, a realistic expectation.
We currently do not have any trade tariffs.
Just saying.
This is the one issue, more than any other, that convinces me the country is gone. When conservatives en masse forget or forgo or are too ignorant to understand this basic issue - then we're done. The liberal lo fos are who they are. But when our own people go bat shit crazy and agree with them on several issues, then there's nothing to restrain the country from killing itself with it's own ignorant.
Count me as 1(a): If Trump was running against Bernie Sanders, and it looked like a close race, and I lived in a swing state, I'd give some thought to voting for Trump.
I know economic theory, I studied it and have also seen the effects over 40 years of gloBULLism and free trade. There are winners and losers, you only see one side and are blinded by a "religion" of pure economics . Well economics does not exit in a vacuum, there are political and social factors to consider with this insane rush to gloBULLism. I didn't vote to melt down all trade restrictions while my income taxes went thru the roof. Where was the democracy?
So stuff you theory I've had enough of it. Look at the real world we are in a economic war and you Free Traitors™ are working both sides of the street like the whores that you really are. /rant
Go Trump, go!
www.thetransactiontax.com
...What Was the Impact of the Tariff on the Great Depression?
If there was retaliation for Smoot-Hawley, was this enough to have made the tariff a significant contributor to the severity of the Great Depression? Most economists are skeptical because foreign trade made up a small part of the U.S. economy in 1929 and the magnitude of the decline in GDP between 1929 and 1933 was so large. Table 2 gives values for nominal GDP, for real GDP (in 1929 dollars), for nominal and real net exports, and for nominal and real exports. In real terms, net exports did decline by about $.7 billion between 1929 and 1933, but this amounts to less than one percent of 1929 real GDP and is dwarfed by the total decline in real GDP between 1929 and 1933.
Table 2
GDP and Exports, 1929-1933
Year/ Nominal GDP/ Real GDP/ Nominal Net Exports/ Real Net Exports/ Nominal Exports/ Real Exports
1929 / $103.1 / $103.1 / $0.4 / $0.3 / $5.9 / $5.9
1930 / $90.4 / $93.3 / $0.3 / $0.0 / $4.4 / $4.9
1931 / $75.8 / $86.1 / $0.0 / -$0.4 / $2.9 / $4.1
1932 / $58.0 / $74.7 / $0.0 / -$0.3 / $2.0 / $3.3
1933 / $55.6 / $73.2 / $0.1 / -$0.4 / $2.0 / $3.3
Source: U.S. Department of Commerce, National Income and Product Accounts of the United States, Vol. I, 1929-1958, Washington, D.C.: USGPO, 1993.
If we focus on the decline in exports, we can construct an upper bound for the negative impact of Smoot-Hawley. Between 1929 and 1931, real exports declined by an amount equal to about 1.7% of 1929 real GDP. Declines in aggregate expenditures are usually thought to have a multiplied effect on equilibrium GDP. The best estimates are that the multiplier is roughly two. In that case, real GDP would have declined by about 3.4% between 1929 and 1931 as a result of the decline in real exports. Real GDP actually declined by about 16.5% between 1929 and 1931, so the decline in real exports can account for about 21% of the total decline in real GDP. The decline in real exports, then, may well have played an important, but not crucial, role in the decline in GDP during the first two years of the Depression. Bear in mind, though, that not all — perhaps not even most — of the decline in exports can be attributed to retaliation for Smoot-Hawley. Even if Smoot-Hawley had not been passed, U.S. exports would have fallen as incomes declined in Canada, the United Kingdom, and in other U.S. trading partners and as tariff rates in some of these countries increased for reasons unconnected to Smoot-Hawley.
I don’t understand why people can’t take a few minutes and read up on this man.
He doesn’t drink or smoke or gamble. He doesn’t have skeleton’s in his closet of lewd behavior. He honors all his contracts, even the bad ones. He comes from good upbringing and work ethic. He’s highly transparent with friends from all walks of life and political persuasions. He professes to be a Christian who is not afraid to celebrate Christmas and believe me he will if in the white house. He is anti planned parenthood abortion clinics, for a strong military, free markets, reducing taxes....etc etc.
So, what exactly is it that you’ve heard about the man that displeases you?
Now ask those very same posters about a $15/hr minimum wage and they will cackle "The robot burger flippers are on the way!!"..... the logical dissonance is pretty strong, ain't it??
Trade (import-export) was <5% of the GDP in 1933. So Smoot Hawley only affected a very small percent of the economy .
It is raised as blood shirt against protectionism when the blood is just a tiny little spot on a pure white shirt.
More Free Traitor™ venom and lies....
“If Trump was running against Bernie Sanders, and it looked like a close race, and I lived in a swing state, I’d give some thought to voting for Trump.”
I think that statement pretty much sums up who you are as a person, so all of us on this forum can see clearly. At least you’re honest. You remind me of guy named Glenn Beck.
Yep, it's the "Trump can do it because, well, he's Trump and you're not" kind of fan boy idiocy. Astonishing. Again, OPEC is a great example. Trump was going to show OPEC a thing or two...with his amazing negotiating prowess. That was Trump's solution to gas and oil prices. He never said a damned thing about fracking or production...it was just that he would sit down with OPEC and make it all better, because after all, he's "the Donald" and OPEC is not.
OPEC is a nothing burger today - not a damned thing to do with Trump or any other super human American negotiator. China is the same thing...he used to include OPEC in ALL his China rants. He's for some reason stopped mentioning OPEC. Wonder why?
I already used it.
Income 1 Million per year
Invest 300,000 per year
Spend 200,000 per year
My total tax for the year is $5,250.
Once more people realize how we can dump income tax, the more will like the APT Tax.
Maybe when the entire county is impoverished the Free Traitors™ will open a factory or two again. After wages in the USA have reached Somalian levels.
that appears to be a bad URL.....I would love to find the actual site name.
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