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Smells like Smoot-Hawley (Second Great Depression a comin')
Hotair Blog ^
| 1/29/09
| Ed Morissey
Posted on 01/29/2009 7:22:27 PM PST by Crazieman
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1
posted on
01/29/2009 7:22:27 PM PST
by
Crazieman
To: Crazieman
“Did it work, anyone? Anyone? No, it didn’t work”
2
posted on
01/29/2009 7:24:14 PM PST
by
neodad
(USS Vincennes (CG 49) "Freedom's Fortress")
To: Crazieman
...the Democratic Porkfest Bill...Thank you Ed Morrissey!
3
posted on
01/29/2009 7:24:30 PM PST
by
PGalt
To: Crazieman
...other markets will close their doors to American products, such as cars and technology. Instead of closing our trade gap, we will explode it, and even those oil imports could get retaliatory tariffs from our two closest trading partners, Canada and Mexico, our two largest foreign suppliers of crude.
Oh goody. First pork, then trade war.
4
posted on
01/29/2009 7:26:58 PM PST
by
Army Air Corps
(Four fried chickens and a coke)
To: Crazieman
They are really going to do this huh? The Great Depression allowed them to increase the power of government and this is what they want. They WANT to have the sheeple beg them to “save us” and for this they need a new depression.
The Great Looting of America begins.
5
posted on
01/29/2009 7:27:54 PM PST
by
GeronL
(Had the flu. Not well yet.)
To: Crazieman
I’m prepared. I’ve got my shanty-lookin’ pickup with the the wooden side-walls loaded with all my earthly possessions, and I’m ready to move out to Caleefornie to look fer some work.
To: Crazieman
If I’ve learned one thing it’s that the first people to start screeching “Smoot Hawley” are usually those who know the least about it. (or hope others don’t know anything about it)
7
posted on
01/29/2009 7:31:31 PM PST
by
cripplecreek
(The poor bastards have us surrounded.)
Comment #8 Removed by Moderator
To: puffer
The Depression of the 110th Congress
To: Squantos
Why but of course democratic leaders will make it WORSE. Why is anybody surprised? They OWN this one! They can try to blame the predecessors when their poor decisions bring hardship, but in the end, they'll end up blaming each other.
I know I've said this before, but I still think that the Union will not survive what's coming. At some point along the path of our national degradation, normal moral people will start making choices that cause it to be dangerous to be on the wrong side of a political party, or philosophy.
10
posted on
01/29/2009 7:32:47 PM PST
by
hiredhand
(Understand the CRA and why we're facing economic collapse - see my about page.)
To: Crazieman
R as in Republican and Recession
D as in Democrat and Depression
11
posted on
01/29/2009 7:35:13 PM PST
by
reg45
(Be calm everyone. The idiot child is in charge!)
To: Crazieman
I’ll be the first to make a stupid comment and get flamed for it. Here goes ...
First we criticized people for not buying American. We trashed Wal-Mart for abandoning its “Made in America” inventory and providing poorly-made foreign products. We love Bill’s Khakis because they’re made in America and well-made.
When the choice to buy American is forced, we now want foreign products? Is it the choice we want? Is it the lower cost we want? What do we want? Buy American? Buy foreign and support free trade? I’m confused.
I’m not an economist. I find many other things far more interesting, but I really do want to understand this issue.
To: Titus Quinctius Cincinnatus
That’s weird, all of us here in ‘Caleefornie’ have our shiny new greenhouse-gas guzzlers loaded and ready to rumble to the nearest ‘Help Wanted’ signs out of state. Can some of us come stay a spell?-;)
13
posted on
01/29/2009 7:37:57 PM PST
by
tanuki
(Summum ius summa injuria. (The more law, the less justice))
To: Crazieman
LOL, the world is falling, the world is falling!!!!
14
posted on
01/29/2009 7:38:47 PM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: hiredhand
15
posted on
01/29/2009 7:40:29 PM PST
by
Squantos
(Be polite. Be professional. But have a plan to kill everyone you meet)
To: Crazieman
The Second Depression is coming? Awww man. I just sold my bindle.
To: BuckeyeTexan
Im not an economist. I find many other things far more interesting, but I really do want to understand this issue. Several of the posters are more interested in the hype than they are in the issue. I mean there is plenty of Chinese drywall they can use in their homes if they are that into foreign trade. Make them prove it and put the dry wall in their home, we might even throw in a little lead Chinese paint for their bedrooms.
17
posted on
01/29/2009 7:43:01 PM PST
by
org.whodat
(Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
To: puffer
18
posted on
01/29/2009 7:44:25 PM PST
by
going hot
(Happiness is a momma deuce)
To: BuckeyeTexan
Sorry, but I believe one reason we’re in the shape we’re in is because we’ve sent too much $$ overseas. Where did the Chinese get the $$ to buy our debt? From us, of course.
I am very skeptical of the conventional wisdom—its almost always wrong.
19
posted on
01/29/2009 7:44:35 PM PST
by
rbg81
(DRAIN THE SWAMP!!)
To: puffer
I've been calling the whole thing The Obamanation.
20
posted on
01/29/2009 7:45:18 PM PST
by
hunter112
(SHRUG - Stop Hussein's Radical Utopian Gameplan!)
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