1939 said:Henriques said:1939 said:
Are we really back to this?
All of the tariffs are awful folks have been proven to be completely wrong on this issue.
Does that include Coolidge?
https://coolidgefoundation.org/uncategorized/address-upon-accepting-the-republican-partys-nomination-for-the-presidency/Quote:
It is in accordance with these principles that our Government seeks by appropriate legislation to promote the financial welfare of all the different groups that form our great economic structure. The Republican Party supports the policy of protection as a broad principle, good alike for producer and consumer, because it knows that no other means to prevent the lowering of the standards of pay and living for the American wage earner toward the misery scale that prevails abroad has ever been devised.
Were such protection removed the result would be felt at every fireside in the land. Our industry would languish, factories would close, commerce and transportation would be stagnant, agriculture would become paralyzed, financial distress and economic depression would reach over the whole country. Before we are carried away with any visionary expectation of promoting the public welfare by a general avalanche of cheap goods from foreign sources, imported under a system which, whatever it may be called, is in reality free trade, it will be well first to count the cost and realize just what such a proposal really means.
I am for protection because it maintains American standards of living and of business, for agriculture, industry and labor. I am in favor of the elastic provisions of our tariff law. I propose to administer them, not politically, but judicially. As the business of the world becomes stabilized, without throwing all our economic system into confusion, we can raise or lower specific schedules to meet the requirements of a scientific adjustment.
That from the greatest conservative President.
Take a look at what the so-called free trade agreements brought about in this country over the last generation or two. Coolidge was not wrong at all in his prediction of what such an agreement would bring about.
The removal of tariffs in the 1930s did not end the Great Depression; the removal of competition brought about by World War II ended the Great Depression.
Some of you extol the virtues of free trade, yet none of you seem to comprehend the price paid when the United States granted a foreign nation a free market while that same nation, through tariffs, state-associated financial backing and tax breaks, gave our producers and manufacturers a raw deal.
Under this President, we are finally attempting to actually negotiate rather than capitulate with foreign nations in matters of trade. Regardless of how the SCOTUS rules, hopefully that trend continues rather the old way of doing things where Uncle Sam routinely gets kicked in the balls and says thank you for the privilege of "free trade" with nations who have never engaged in free trade with us.
I am agreeing with you. Most here told us Tariffs would kill our economy and prices would double.
Economy is in great shape! That's what MAGA is saying. They argue that they just need to repeat it more often and more forcefully then people will believe it.
At the same time they say they inherited a "disaster" from Biden, so please be patient, because the economy sucks. But not their fault.
This is how stupid they think the American people are. That they can tank the economy with tariffs and then blame it on Biden and that Americans won't roll them out of office.