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Smoot / Hawley kicked off The Great Depression

in WildWest Politics Board

Donald J is kicking off the next world wide depression.

Way to go Donnie, LMAO.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act

42 comments

42 Comments

August West

Apr 03

Great Depression was caused by the Federal Reserve and Socialist policies of FDR.

We were in a recession going into ‘29 and the joo fucks in the Fed decided to remove 1/3 of the money supply.

The economy collapsed.

Then the Socialist in Chief initiated the largest redistribution of wealth in US history. Starting with MASSIVE taxes on people that had no money. Typical Leftist fucktardery. Extending the pain and misery.

Always remember….If Socialists knew anything about economics they wouldn’t be Socialists.

Onikoroshi

Apr 03

until you understand the difference between leading indicators and lagging indicators, you really need to stay out of the deep end of economic discussions

hint: every policy implemented by FDR made the Great Depression worse than it might have been

in contrast, every policy implemented by Calvin Coolidge not only prevented a looming economic depression, but facilitated an economic boom that increased prosperity for every class of Americans

Kevin Walsh

Apr 03

Replying to

Sure, that's why silent Cal made the list of 10 worst Presidents and Roosevelrt was elected 4 times.

More Russian misinformation.

SRB

Apr 03

Replying to

On his watch, the national debt was reduced from $22.3 billion to $16.9 billion and tax rates were slashed significantly with most Americans eventually paying no Federal taxes at all. The economy boomed with industrial production increasing 70%, real earnings for wage earners growing 22%, and unemployment averaging 3.3%. Truly, Calvin Coolidge was the right man, at the place, at the right time. It should be noted that the passage of the Revenue Act of 1926, which embodied his tax policies, was the culmination of his presidency

I guess that's bad for you, Kevin.

BobLinMN-2

Apr 03

Replying to

Who were involved in these ratings? Were they all Left-wing academics.? FDR severely contracted the money supply,, making it hard to borrow money for corporate expansion and the creation of new companies. And missing elevation in employment.

MLK Blvd

Apr 03

trump is corrupt. nobody is this stupid. this is being done for a reason. and people voted for this knucklehead TWICE.

BobLinMN-2

Apr 03

Replying to

Let's just stipulate that everyone is corrupt and part of a conspiracy except MLK (and maybe,, just maybe, Jesus).

MLK Blvd

Apr 03

Replying to

your complete lack of objectivity precludes you from opining here.

BobLinMN-2

Apr 03

Replying to

Oh really? Try and keep me off. You are closer to Andromeda than you are to objectivity.

Scottsdalepd

Apr 03

not factually correct. FDR caused the Great Depression. His price controls, banking restrictions, etc., took a bad situation and turned it into a disaster.

don't expect you to understand tho.

Kevin Walsh

Apr 03

Replying to

That's why he was elected 4 times. Btw FatBoy is #3 on list of worst Presidents. Don't dispair, within the year he will be moved up to #1.

BobLinMN-2

Apr 03

Replying to

Because we all know that farmers during the 30's & 40's all majored in economics. And,, by the way,, FDR,, himself,, admitted that if WWII hadn't happened, he would have lost the next election. You asshole.

SRB

Apr 03

Replying to

TEE

Apr 02

Depression? No. That would mean a 75% correction in stock market. 25 % unemployment. Recession yea. 40% correction in stock market. Uncontrolled inflation. And unemployment to 8 %. Gonna be bad economy for 4 years

Good news is waste is being cut. Borders controlled . Deportations. That helps the National debt. Maybe saves the Country from bankruptcy.

But the average US citizen gonna suffer. No way I’m buying a new car. Vacations by everyone will be off the table.

The key will be if social security gets cut. That effects one fourth of all adults. Expect more shop lifting. Closing of stores.

It all had to give though. You can’t have $36 trillion in debt. 20 million a year illegals given free housing , food social security.

There are other countries way worse off. Europe is a dump with all the immigration. Basically broke too.

OldHickoryTrojan

Apr 03

Replying to

You forgot Trump has some other things he's working on ...like bringing manufacturing back to the US, Re-valuating Gold to increase the ability to have cash without increasing the debt, reducing taxes on middle and lower class, bringing lower cost energy as a few examples. Only way that will take over four years is if the Democrats and RINOs continue to block his agenda along with activist judges. By the way I just bought a new Motorhome and plan to vacation in it and my other two vehicles are 2 and 3 years old so I don't suspect I'll need a new car anytime soon. Social Security will not be cut except for illegals. I suspect if the public witnesses more law enforcemtn you will see a reduction in crime. By the way there is talk if Gold were re-vslued to $144k an oz, the national debt would be paid off...

Edited

SanClemente

Apr 03

Replying to

you forgot the biggest one. TAX CUTS. bib bold and NOW. sc

OldHickoryTrojan

Apr 03

Replying to

It's there you missed it...

SRB

Apr 02

Short term pain, long term...uh whoops...guess you don't have a long term....too bad you'll miss all the benes for the people you so casually dismiss.

Kevin Walsh

Apr 03

Replying to

"Short term pain", not for Donnie or Elon, only for you MAGAMorons, LMAO.

SanClemente

Apr 03

Replying to

what you talking about willis?

the poor that buy chink crap at Walmart will get kicked in the teeth. never been in one. sc

BobLinMN-2

Apr 02

Your Leftie pals are crying that Trump's tariffs will result in inflation,, yet there was deflation during the Great Depression. Get your shit together,, assholes.

OldHickoryTrojan

Apr 02

Biden created the financial mess Trump is having to deal with but obviously you are too stupid to figure that out..good news is Canada and Mexico appear to be caving on Tariffs...if it comes to fruition it will mark another win for Trump...

Onikoroshi

Apr 03

Replying to

Congress controls spending and by extension the debt: FACT

edit:

or have you missed the fact that dim District Court judges have been placing injunctions on Trumps attempts to decrease spending while dim Congressman and Senators rail against the same?

Edited

BobLinMN-2

Apr 03

Replying to

And your boy Obama had nothing to do with it.

BobLinMN-2

Apr 03

Replying to

Kevie doesn't know how to read graphs, and he wants it to be more colorful.

Daystalker

Apr 02

Sorry you are depressed Kevin. Maybe go for a walk or have a Bartles and Jaymes or something, might make you feel better. Cheer up little buddy.

Edited

Kevin Walsh

Apr 03

Replying to

Not hardly, life is great for me. I have gotten more than my share of breaks. But it is fun watching an unpatriotic draft dodging POS coward self imolate. Good Times.

SRB

Apr 03

Replying to

BobLinMN-2

Apr 03

Replying to

Did your boy Clinton dodge the draft, and how do you feel about it?