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Originally posted by David9176
reply to post by Geeky_Bubbe
Name ONE country... JUST ONE... I DARE YOU... where protectionism made for a prosperous population?
The United States. That was easy. Tariffs protect a country's wages and industries.
That was tough.
[edit on 11-6-2010 by David9176]
The devastating economic effects of such protectionist measures are well-documented. The Smoot-Hawley Tariff Act of 1930, for instance, raised U.S. tariffs on more than 20,000 imported goods to record levels. Introduced as a means to reduce imports and protect American businesses and jobs,[1] Smoot-Hawley did cut the amount of imports between 1929 and 1933 in half. At the same time, exports dramatically declined,[2] and unemployment grew from 3.2 percent in 1929 to 8.7 percent in 1930 and peaked at 24.9 percent in 1933--the heart of the Great Depression.[3] Large majorities of economists and historians now say that Smoot-Hawley played a significant role in worsening the Great Depression.[4] While not the same, the expansion of the Buy American program represents a step toward the same type of destructive protectionism instituted by Smoot-Hawley.
Your emotional rhetoric and insanity is beginning to show, pull up your slip.
Roosevelt's stated justification was that the "political rights" guaranteed by the Constitution and the Bill of Rights had "proved inadequate to assure us equality in the pursuit of happiness." Roosevelt's remedy was to create an "economic bill of rights" which would guarantee:
A job with a living wage
Freedom from unfair competition and monopolies
A home
Medical care
Education
Social security
Roosevelt stated that having these rights would guarantee American security, and that America's place in the world depended upon how far these and similar rights had been carried into practice.
Originally posted by captaintyinknots
Originally posted by David9176
It's been 30 years since Reagan. Our trade laws have been destroyed....anti-trust laws are now ignored and no longer relevant.....unions have been broken.....yet somehow business is who we should trust and F the American worker.
Good post, but I dont understand your point about Reagan. Reagan was no better than either of the Bush's, or Clinton, Or Obama. They are all just a processing of shills, chosen by the same people, furthering the same agendas. Reagan is a MAJOR reason why this country is in the position it is.
The kids were no better off with him, than they are with any of the others.
Reagan is a MAJOR reason why this country is in the position it is.
Originally posted by Misoir
reply to post by endisnighe
Nah... I'll let the government handle that.
Who pissed in your cheerios? You left for a while now you come back blazing. Ever think you're just a wee bit to strung out and paranoid?