Ron Paul worried trump tariffs will return 1930's decimation to GOP

[JimH52]

Sen. Rand Paul warns Republicans that tariffs have brought down the party before

‘We are richer because of trade with Canada and so is Canada,’ Sen. Paul said

www.independent.co.uk

Republican Senator Rand Paul has warned his party that tariffs have “decimated politics” after he voted against President Donald Trump’s duties on Canadian imports yesterday.

Sen. Paul of Kentucky told Fox News that tariffs have historically brought down his party.

“When McKinley put tariffs on in 1890, they lost 50 percent of their seats… When Smoot-Hawley put their tariffs In the early 1930s, we lost the House and Senate for 60 years,” Sen. Paul said.

For once I agree with Paul. But trump thinks he is so smart, his trade war will not cause his party to lose congress. Poor dumb Donnie. But if Paul is correct....GO FOR IT DONNIE!

 

[Rawley]

Sen. Rand Paul warns Republicans that tariffs have brought down the party before

‘We are richer because of trade with Canada and so is Canada,’ Sen. Paul said

www.independent.co.uk

Republican Senator Rand Paul has warned his party that tariffs have “decimated politics” after he voted against President Donald Trump’s duties on Canadian imports yesterday.

Sen. Paul of Kentucky told Fox News that tariffs have historically brought down his party.

“When McKinley put tariffs on in 1890, they lost 50 percent of their seats… When Smoot-Hawley put their tariffs In the early 1930s, we lost the House and Senate for 60 years,” Sen. Paul said.

For once I agree with Paul. But trump thinks he is so smart, his trade war will not cause his party to lose congress. Poor dumb Donnie. But if Paul is correct....GO FOR IT DONNIE!

The war began decades ago, we have just not been fighting it.

 

[Missouri_Mike]

Sen. Rand Paul warns Republicans that tariffs have brought down the party before

‘We are richer because of trade with Canada and so is Canada,’ Sen. Paul said

www.independent.co.uk

Republican Senator Rand Paul has warned his party that tariffs have “decimated politics” after he voted against President Donald Trump’s duties on Canadian imports yesterday.

Sen. Paul of Kentucky told Fox News that tariffs have historically brought down his party.

“When McKinley put tariffs on in 1890, they lost 50 percent of their seats… When Smoot-Hawley put their tariffs In the early 1930s, we lost the House and Senate for 60 years,” Sen. Paul said.

For once I agree with Paul. But trump thinks he is so smart, his trade war will not cause his party to lose congress. Poor dumb Donnie. But if Paul is correct....GO FOR IT DONNIE!

So if we don’t keep letting other countries fuck us with tariffs then the other party is going to take over and let other countries fuck us over with tariffs.

Good plan.

 

[cnm]

So if we don’t keep letting other countries fuck us with tariffs then the other party is going to take over and let other countries fuck us over with tariffs.

Good plan.

I have to say I'm enjoying all the MAGAts applauding a huge tax hike on US consumers.

It nearly makes it all worth it.

Nearly.

 

[C_Clayton_Jones]

“When McKinley put tariffs on in 1890, they lost 50 percent of their seats… When Smoot-Hawley put their tariffs In the early 1930s, we lost the House and Senate for 60 years,” Sen. Paul said.

Let’s hope the same happens in 2026.

 

[buttercup]

I think Rand is right.

And he's not the only one saying that the way he went about it is unconstitutional.

A couple articles:

Trump Tariffs Demonstrate Presidency Without Constitutional Bounds - The Ron Paul Institute for Peace & Prosperity

The tariffs President Donald Trump announced on Wednesday are massive in size and scope, Indeed, some early analysis indicates Trump has raised the United States average tariff rate to higher than did the Smoot-Hawley Tariff Act of 1930 that contributed to the American people’s suffering in the...

ronpaulinstitute.org

Tariffs Are Wealth Destroyers | Mises Institute

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

mises.org

 

[Missouri_Mike]

I have to say I'm enjoying all the MAGAts applauding a huge tax hike on US consumers.

It nearly makes it all worth it.

Nearly.

What tax? You can save 25% on a new vehicle if it’s made here and US workers were paid to make it. Or you can be a democrat and pay the extra 25% to make sure the Mexicans get paid to make it.

 

[elektra]

Ron Paul is an idiot, who votes for this moron

 

[Missouri_Mike]

I think Rand is right.

And he's not the only one saying that the way he went about it is unconstitutional.

A couple articles:

Trump Tariffs Demonstrate Presidency Without Constitutional Bounds - The Ron Paul Institute for Peace & Prosperity

The tariffs President Donald Trump announced on Wednesday are massive in size and scope, Indeed, some early analysis indicates Trump has raised the United States average tariff rate to higher than did the Smoot-Hawley Tariff Act of 1930 that contributed to the American people’s suffering in the...

ronpaulinstitute.org

Tariffs Are Wealth Destroyers | Mises Institute

President Trump claims that tariffs built American wealth. The truth is that tariffs cannot build wealth at all, only destroy it.

mises.org

Before the income tax all of our wealth came from tariffs. Can you explain how that happened?

 

[Lesh]

Ron Paul is an idiot, who votes for this moron

Under the bus he goes lol

 

[elektra]

What is the greatest thing Ron Paul has done for me or you. Ron Paul was silent while democrats destroyed our country. Ron Paul is an idiot.

The only reason I know of Ron Paul is cause he is an idiot.

 

[elektra]

Under the bus he goes lol

MAGA is against politicians that are part of the deep state

 

[buttercup]

What is the greatest thing Ron Paul has done for me or you. Ron Paul was silent while democrats destroyed our country. Ron Paul is an idiot.

The only reason I know of Ron Paul is cause he is an idiot.

^ One of the dumbest things I've ever read on USMB. And that's saying a lot!

 

[Rawley]

Ron Paul is an idiot, who votes for this moron

I'll take him over Lisa Murkowski every day of the week.

 

[buttercup]

Under the bus he goes lol

Wrong. Neocons like that individual never liked Ron Paul.

 

[Lesh]

MAGA is against politicians that are part of the deep state

Rand Paul is now part of the Derp State ???

Holy shit

 

[excalibur]

I thought FDR and his "New" Deal solved all that in the 1930s?

Oh, right, it made things worse, as did the tight-fisted Federal Reserve.

 

[Lesh]

I thought FDR and his "New" Deal solved all that in the 1930s?

Oh, right, it made things worse, as did the tight-fisted Federal Reserve.

Absolutely wrong

 

[elektra]

Rand Paul is now part of the Derp State ???

Holy shit

The thread is about Ron Paul, not Rand Paul

 

[excalibur]

Absolutely wrong

Nope, absolute facts.

Only massive factory orders for defense goods c.1940 got the economy going.

The Fed was tight money policy throughout the 1930s.

Yes, many economists believe that the tight monetary policy pursued by the Federal Reserve in the 1930s, particularly after the 1929 stock market crash, exacerbated the Great Depression by allowing the money supply to shrink and failing to act as a lender of last resort.



Here's a more detailed explanation:

• Initial Tightening:
  In the wake of the 1929 stock market crash, the Fed, instead of injecting liquidity into the system, allowed the money supply to decline, which led to a contraction of the economy.
  

• Failure to Act as Lender of Last Resort:
  The Fed's charter mandates it to be a lender of last resort, meaning it should provide liquidity to banks facing distress. However, during the Great Depression, the Fed failed to fulfill this role, leading to a collapse of the banking system and a further contraction of the money supply.
  
  
• Consequences of Tight Money:
  The tight monetary policy led to a sharp drop in prices, output, and a rise in unemployment, further deepening the economic crisis.
  
  
• Milton Friedman and Anna J. Schwartz's Argument:
  Economists Friedman and Schwartz argued that monetary factors were a major cause of the Great Depression, pointing to the Fed's policy mistakes as a key factor in the

downturn.​

Google Search