John, I asked Gemini this: When did Smoot Hawley end? I learned some history
just now, and The Donald is doing nothing but what FDR did from 1933 onwards.
Except Donald is a much, much faster learner thabn FDR was. Weeks instead if
years with trade deals!=========================================================
Here's a more detailed explanation:
- Enactment:The Smoot-Hawley Tariff Act was passed by the U.S. Congress and
signed into law on June 17, 1930, during the Great Depression.
- Impact:This act significantly increased tariffs on imported goods, aiming
to protect American businesses from foreign competition. However, it was widely
criticized for contributing to a global trade war and worsening the economic
downturn.
- Gradual Changes:The Smoot-Hawley Act's impact lessened over time due to
several factors:
- Reciprocal Trade Agreements Act (1934): This act gave the President
authority to negotiate trade agreements that could reduce tariffs on a
reciprocal basis with other countries.
- General Agreement on Tariffs and Trade (GATT) (1947): This international
agreement aimed to reduce trade barriers and promote free trade, leading to a
gradual lowering of tariffs worldwide.
- World Trade Organization (WTO): The WTO, which succeeded GATT, continued
to promote free trade and further reduce tariffs on a global scale.
- No Specific End:The Smoot-Hawley Act wasn't formally repealed. Instead,
the provisions within it were superseded by newer legislation and international
agreements, effectively making it less relevant in modern trade practices.
==========================================================
On Friday, May 16, 2025 at 08:55:56 AM EDT, John Clark
<[email protected]> wrote:
On Fri, May 16, 2025 at 6:52 AM '[email protected]' via Everything List
<[email protected]> wrote:
> Remember, whether its Kamala or the Donald, a policy must work in the real
>world planet earth.
Like the policy of increasing tariffs MORE than the disastrous Smoot-Hawley
Tariff Act of 1930 did which turned a garden-variety recession into the first,
and so far the only, global economic depression? Even after Trump faced reality
by backing down and reducing the tariffs on China from a stunningly imbecilic
145%, it's still at 30% and he threatens to bring it back to 145% in just 90
days. Smoot-Hawley only had a comparatively modest 20% tariff.
> If it doesn't work and is tstill pursued, it then is ideology,
And that is exactly why I am justified in calling MAGA people cult members.
> who is the paymasters of said, pol.
With Trump it's easy to answer that question. We can start with Trump receiving
a $400 million super luxury private jet (9 bathrooms all with bidets) from the
Qatar royal family. Before that plane can be used as Air Force One it will need
to be taken apart piece by piece to check for bugs and other spying equipment,
and then all sorts of supersecret communication devices will need to be
installed, and decoy probes to confuse anti-aircraft missiles. And it will need
to be very extensively modified to allow in-flight refueling just like the
current air force one.
All this means the American taxpayer will need to shell out about $1 billion
for that "free" private jet. And it will take about three years, so if Trump
decides to leave office at the end of his second term (a very very big if) he
will only be able to use it as president for a few months, after that ownership
of the airplane does not go to the United States government but to Trump's
presidential library, which means he will still be able to use that obnoxiously
luxurious private jet not the new president, and even after he dies his
children could use it. Trump's attorney general Pam Bondi looked into all of
this and said it was 100% legal and ethical, but she is a former lobbyist who
was paid $125,000 a month to lobby Congress on behalf of the country of Qatar.
And that jet is just a hint of the gargantuan magnitude of the Trump family
corruption. Eric Trump has deals to create a Trump Tower luxury hotel in Dubai,
and in Jeddah and Riyadh in Saudi Arabia. There's also going to be a Trump
International Hotel and luxury golf course in Oman. And there is a partnership
with Qatar’s sovereign wealth fund to develop yet another luxury golf resort
in that country
And then there is Trump's cryptocurrency scam "Stablecoin" which the Trump
children control, an Abu Dhabi Company has a $2 billion investment in it.
I don't think it's a coincidence that Trump's first foreign trip during his
second term as president is to Saudi Arabia, Qatar, and the United Arab
Emirates. It sure makes the Hunter Biden "corruption" scandal look pretty damn
trivial.
John K Clark See what's on my new list at Extropolispdt
btl
> What if Kamala accepted the same deal? You would say what?
I would say that Kamala was a disgusting piece of shit. And that my dear Mr.
Spud is the fundamental difference between you and me, you have blind tribal
loyalty but I do not.
Can you imagine the howls of protest we'd be hearing from Fox News and the
MAGA faithful if Biden or Obama had accepted such a blatant bribe from a
foreign country! The estimated value of the aircraft Trump will inherit is
about $400 million.
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