JakeStarkey
Diamond Member
- Aug 10, 2009
- 168,037
- 16,522
- 2,165
- Banned
- #61
MikeGriffith's insistence that the Hoover tariffs did not terribly affect the Great Depression already has been defeated. Remember that Mike runs with Edward Baiamonte.mikegriffith1, we all know who you are, how your goofy theories on economics and history are just invalid.
I think you still follow skousen and jbs and the freemen's institute, so I am not too concerned with your nonsense.
Yes, tariffs will rise prices, cost jobs, and lead to a recession.
However, I think Trump is using the threat to cut some trade deals more favorable to the US with the promise that he won't impose tariffs.
IOW, you did not bother to read the OP or the links. Skousen, Freemen's, JBS? Huuuh?
th
I base my views on tariffs on years of study of economic history, including recent economic history (e.g., China, South Korea, the EU, etc.).
You keep ignoring the fact that we tried the same kind of trade policy that Trump is trying to implement, and it worked fantastically. We became an economic and industrial powerhouse by shielding our major industries and workers with high tariffs and trade restrictions. Republican presidents from Lincoln to Grant to Hayes to Harding to Howard Taft to Teddy Roosevelt backed protective tariffs, and America prospered because of them.
I ask again: Why is it okay for other nations to protect their jobs and industries with tariffs but not okay for America to do so?
"Trade war"?! We've been in a trade war for decades and have been getting clobbered. Look at our trade deficit for the past 30 years. The same nations that have used high tariffs to help their own economies are now whining because Trump wants the U.S. to do the same thing.
Your history seems to end in the 1920s. You left out Herbert Hoover and the tariffs that turned a recession into a depression. Or George Bush's tariffs that he revoked after only 1 year because it did not work. The fact is that there are good jobs going begging because there are not enough people.
I've already answered, with links, the myth that the Hoover-era tariffs made a recession a depression. That is erroneous.
As for the Bush tariffs, it's not that they did not work but that Bush got talked out of them by the globalists and free-trader Republicans.
Our trade deficit is a sign of strength. We are a consumer society so we buy more things than other countries. Mexico has a trade surplus because their per capita income is much lower than ours. You want to be like them? The tariffs are a tax on consumers. They hurt workers in steel using industries.
Myths, myths, and more globalist myths. And you're a Democrat? You might try reading the other side:
Research