Posted on 06/25/2009 8:41:42 PM PDT by Shellybenoit
The Smoot-Hawley Tariff Act signed into law on June 17, 1930, it raised tariffs on over 20,000 imported goods to record levels. In the United States 1,028 economists signed a petition against this legislation, and after it was passed, many countries retaliated with their own increased tariffs on U.S. goods, and American exports and imports were reduced by more than half. The Smoot-Hawley Tariff Act is credited with turning a very bad recession into the Great Depression.
Tomorrow Congress will vote on the Waxman-Markey bill aka Cap and Trade.Experts estimate the annual costs will approach $3,000 for every family within a few years. In return for reducing the size of Middle America's wallet, there will be virtually no change in the amount of greenhouse gases emitted into the atmosphere, the reduction of which is supposed to be the bill's main purpose. It will raise energy costs for people at all ends of the income spectrum, and cause a massive amount of job losses and push industry overseas. In short, this Waxman-Markey cap and trade bill has a very good chance of becoming the Smoot-Hawley of the 21st Century:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Ah, but to the loyal enviro liberals, they have a planet to save. The collateral damage doesn’t matter. We have to save a planet.
Nancy Pelosi has said she has a planet to save. She didn’t say which planet however.
The earth has been here for some billions of years. I have a feeling that the earth will still be here, even if this inane cap and trade bill doesn’t pass. It looks to be a close vote.
I wish the Pope would publicly excommunicate her.
..and while he’s at it, every other abortion-proponent in Congress who claims to be Catholic.
And no, I’m not Catholic... but I would like them to have to answer for their actions to SOMEBODY. As it goes, I’m fairly sure that there could be some good cases of treason made against our “leaders”.
I don’t know how Nancy Pelosi breathes with her head plumb up her a$$. Between the leaking botox injections and the lack of oxygen, this evil moldy old twazzer’s brain must be on life support.
I called my congressman today and told the lady who was taking messages that if he voted for this extremely dangerous nonsense, I would do everything in my power to “fire” him and would do everything I could to help his opponent. I told her to remind him that he works for me and the people, not the other way around. I then reminded her that she, too, works for me.
This is a good idea. I would also recommend asking them to introduce legislation requiring every dept of the fed govt with the exception of defense to meet the fleet mpg standards that they impose on us. No more large SUV’s for our ruleing class.
Don’t you dare desecrate Smoot Hawley - leagal, constitutional tariffs, with this horsecrap.
Call and email your congresscritters! It’s probably gonna be CLOSE!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
06.24.2009 — The Sunlight Foundation Lambasts Secrecy of New Cap and Trade Energy Bill