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57% of Farmers Support Trump Tariffs! :-) Think 10 Years Ahead, not 10 Minutes Ahead.
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Anonymous Coward |
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Oh really? In ten years you'll be lucky if you're not in a deep depression and off to war due to tariff's. It's quite telling that none of you that support the idiotic Trump rhetoric and policies actually study history: HOW TARIFFS BANKRUPTED AMERICAOf particular relevance to these tariff discussions was Hoover’s signing of the Smoot-Hawley tariff into law in 1930. Authored by Senators Reed Smoot and Willis Hawley, it raised tariffs on over 20,000 goods, raising the average rate to roughly 40 percent. After Smoot-Hawley’s passage, countries like Canada and Italy retaliated in kind with their very own punitive tariffs on American goods. This set off a domino effect of trade wars across the globe that resulted in a 66 percent decline in total world trade from 1929 to 1934. Not only did this trade-war environment exacerbate the already lackadaisical conditions of the Great Depression, it fueled the irrational despotism and militarism that preceded the outbreak of World War II. [ link to www.aier.org (secure)] So what are they waiting for exactly? Trump to pull a Roosevelt and confiscate all the Gold while enacting more socialist policies and shuffling their children off to war due to the failure of the Tariffs?
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