Smoot Hawley

Smoot Hawley tariff act is blames for causing the great depression or making it worse. Perhaps this is our case. Like we are not so sure. China uses a lot of protectionism and they are growing. OK we in contrast are free traders and jobs are leaving america. Fools believe in the "honesty" of a sales man offering them a budget use car. Please do wake up. Cotton is grown in america. It is exported to china and the clothes are brought back to us. Think of all the fuel that is wasted and how we could make clothes here like we did many years ago.

Source: rstyle.me via Katie on Pinterest

more flipflops ahead

Debunker flipflop will appear in coming months when it becomes obvious that there is no economic recovery. That day in not too far away. What we need to know is that China says our current 35% tariff is the start of a trade war.

The Smoot-Hawley tariff act of 1930 is given credit for starting the Great Depression. It is funny how history repeats itself.