Quotes
For all this discussion about how badly we’ve been abused and ripped off and how terrible it’s been, well, we’re the world’s biggest economy with four percent of the world’s population,
Now we’re in a very different situation, because now we have great deficits and the idea that the tariff is going to bring in revenue is really not something that’s going to happen,
One of the things McKinley was trying to do, and the Republicans were trying to do, was to raise the tariff in order to reduce the federal deficit by making the tariffs so high, it would take down tax revenue because they really were worried about the deflation that was coming with the Gold Standard,
From 1789 to 1913, we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been,
Smoot-Hawley did nothing to foster cooperation among nations in either the economic or political realm during a perilous era in international relations,
Every time you walk up, you think of him. And he did a great job in many ways, but [the Great Depression] lasted long beyond his terms, as you know. But it’s not too late,
Then, in 1929, it all came to a very abrupt end with the Great Depression. And it would have never happened if they had stayed with the tariff policy,
Oh my god. At the exact moment Trump announced his tariffs the market crashed in real time. CNBC is SAVAGE for doing the side by side,
Make Everyone Poor Again, The great depression comes soon! And then WW3,
Here's the real kick about how Trump's tariffs are going to hike prices for everything: Once that happens, even if the tariffs go away, the prices are never, ever going back down again,
Our dear leader just claimed that the lack of tariffs was responsible for the Great Depression. The exact opposite is true. Smoot-Hawley which imposed tariffs exacerbated the Depression by restraining world trade and raising the cost of imported goods for American consumers,
Russia notably absent from Trump's tariff attacks,
The stock market is now tanking as Donald Trump babbles about tariffs. Bravo, nimrod.🤦♀️
In 1913, for reasons unknown to mankind, they established income tax so citizens rather than foreign countries would start paying the money necessary to run our government,
