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To: Bob
There are a lot of opinions about what caused the Great Depression. Smoot-Hawley may have been unfairly blamed.

The fact remains that 25% of our people are unemployed, yet you walk into any wal-mart store and most of the goods are made in China. Why are we paying China to do what we have unemployed sitting around that could do for our selves?

When you look at the history of tariffs, our founding fathers started out with protective tariffs on the order of 15%. Since 1980 we've almost completely eliminated import tariffs, and our domestic manufacturing has paid the price in jobs.

Tariffs in United States history"

43 posted on 08/09/2012 8:10:55 AM PDT by DannyTN
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To: DannyTN

Bipolar rates have increased over that same time frame.

Though I found it interesting that 7.7% of people taking anti-depressants convert to bi-polar.


44 posted on 08/09/2012 8:15:02 AM PDT by DannyTN
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To: DannyTN
There are a lot of opinions about what caused the Great Depression. Smoot-Hawley may have been unfairly blamed.

I agree that it's arguable whether or not Smoot-Hawley worsened or lengthened the Great Depression. Any blame may certainly be unfair.

Smoot-Hawley, though, clearly didn't help to alleviate the Great Depression. After its passage in 1930, the depression continued unabated through the rest of the decade.

45 posted on 08/09/2012 12:03:18 PM PDT by Bob
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