Trump Mocked for Claiming Tariffs Would Have Prevented Great Depression: ‘Make Everyone Poor Again’

https://www.latintimes.com/trump-mocked-claiming-tariffs-would-have-prevented-great-depression-make-everyone-poor-again-579837

30 comments

  1. How about instead of just mocking him, we impeach, convict, and remove him?

  2. He’s got to be careful. He’s going to have class warfare on his hands soon. They seem really blind to that, like many elites. He’s not as in touch with folks as some people think he is.

  4. > “Donald Trump Was the Dumbest Goddam Student I Ever Had.”
    >

    -Professor William T. Kelley, Wharton School of Business and Finance

  5. Tariffs made the Great Depression worse. I guess he’s never heard of Smoot-Hawley… but then again he’s only heard of things that the idiots around him say.

  6. He was mocked for it because it’s literally the dumbest and most historically ignorant statement ever uttered by a politician in the history of man.

  7. He skipped Econ 101 in college.

    **”In 1930 Congress passed the Smoot-Hawley Tariff Act, which raised tariffs in all sectors**, and is considered to have exacerbated the worldwide economic downturn that lasted from 1929 until 1939, by undermining international trade and affording little protection to domestic producers.”

  8. Lying and straight up not knowing a thing about history in general….

    Quick search:
    Smoot-Hawley Tariff Act:
    This act, signed into law in 1930, raised import duties on thousands of goods, aiming to protect American farmers and businesses from foreign competition.

    Impact on International Trade:
    The Smoot-Hawley Tariff Act led to a sharp decline in international trade as other countries retaliated with their own tariffs, making it harder for the US to export goods.

    Economic Consequences:
    The reduction in trade contributed to a decline in global demand, further deepening the economic downturn and leading to higher unemployment and economic hardship.

    Retaliatory Tariffs:
    Other countries retaliated by imposing their own tariffs on American exports, leading to a collapse of international trade and a sharp decline in American exports.
     
    Economic Downturn:
    The tariffs worsened the economic downturn by reducing demand for goods and services, leading to higher unemployment and prolonging economic hardship.
     
    Economic Experts’ Views:

    Economists and economic historians generally agree that the Smoot-Hawley Tariff Act worsened the effects of the Great Depression by hindering international trade and leading to retaliatory tariffs.

    Example:
    Imports from Europe fell from $1,334 million to just $390 million by 1932 and exports to Europe fell from $2,341 million to $784 million by 1932. 

  12. Tacitly admitting he is doing this because he wants to get rid of income tax. Completely shifting the tax burden off of him and onto consumers.

  14. This is a declaration of war against the People.

    People are going to die as a result of this; just one example is the interruption of the pharmaceutical industrial complex in tandem with incoming poverty rates of every American whom already are struggling.

    My heart truly breaks for the U.S.

  15. Hadn’t they concluded that tariffs prolonged the great depression?

  16. Tariffs literally caused the Great Depression to be the *Great* Depression

  18. “While the Smoot-Hawley Tariff Act of 1930, which imposed high tariffs on imports, didn’t cause the Great Depression, it’s widely agreed that it worsened the situation by triggering retaliatory tariffs from other countries, leading to a sharp decline in global trade and exacerbating the economic downturn. “

  20. Did Trump read a Texas approved school book or something?

  21. The abject stupidity of Donald Trump and anyone who defends his abject stupidity astounds me every day. It’s like the fucking cognitive dissonance Olympics every single day.

  22. Uh, no. Tariffs exacerbated the Great Depression. Trump’s handlers in the Federalist Society and the Heritage Foundation know this, and I’m pretty sure that creating another depression is their goal.

  25. Spoken like a true expert with numerous bankruptcies to his credit.

  28. This is why the liberal arts and social sciences are important. If everyone does STEM, business school, & trade school only, we lose a bit of what makes us human & our history. That’s what the oligarchs want.

  30. Did he actually go to Wharton? I went to Wharton and Smoot-Hawley tariffs are no small piece of the economics curricula.

Comments are closed.