Archive for January, 2017
Proceed With Caution
Smoot-Hawley, 1929
I’m seriously scared. Particularly with regards to the economy. The Smoot- Hawley Bill, called the The Tariff Act of 1930 raised tariffs on many imports in order to protect US workers. The tariffs were the highest in the country’s history with one small exception. This started a trade war and US trade was halved and is believed to have been a major contributor to causing the Great Depression. It seems that Trump is using the same playbook.
I was born in the late twenties so didn’t know anything but an economic depression until my teen years. Nothing moved for ten years. The economy was locked up, thousands of banks closed, savings were wiped out, many survived only because of make work government programs. Trump, be careful what you do to this country and the rest of the world.
Read Full Post | Make a Comment ( None so far )Hail the Chief
It seems that we have elected a president, the leader of the free world, the most powerful person on earth, the person with his finger on the nuclear trigger, who is delusional!
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Alfred Wellnitz Books 