you might be a democrat if...

[ledhead]

The world of (post market crash) 1930 is a little different then it is today.

I'm not sure that it's a good case study.

Lol. First, you are an asshole for cluttering my K box with that picture of them fat rats, you must be in cahoots with musclemom, flunkey!

Second, the Smoot-Hawley Act is an excellent case study for what not to do in a economic contraction.

History is always 20/20. Jefferson, implemented the Embargo Act of 1807, restricting American exports, while the Brits were allowed to export goods to America, horrible economic move, it crashed the US economy. We need imports to make certain goods, sometimes it is cheaper to import raw material to make goods. Simultaneously, after making the good the objective is to export the goods and make a profit (eco 101). In 1807-09, we were importing but not exporting, consequently, it created a surplus of goods, the usually route of pawning off the surplus was to Europe but the Embargo Act restricted that from happening. Therefore, farming, and textile industries,ect, had to eat their products. Moreover, they had to pay higher prices to make their products and could not make a profit by exporting them (scarcity, labor). Hence, these people were stuck with a surplus, and if anyone knows anything about economics, the more supply of a product and less of a demand makes the price of the good plummet (deflation), and people could not afford to make their products and people could not afford to buy products and the government was not able to accrue any captial via taxes then the economy crashed.

120 yrs later, the Great Depression hits in 1929 - causing a horrible economic contraction. Hoover who is probably one of the stupidest people to live implemented the Smoot-Hawley Act (highest tariff ever in US history), I think the act put a high tariff on over 3,000 imported items. Countries got pissed and passed retaliatory tariffs, this totally stymied trade, remember what I already mentioned about imports and exports? Anyway, that act brought us over the top and deepened and prolonged the depression... That was 73 yrs ago... If we try to put high tariffs on imported goods today, China and other countries will balk at us (lack of bargaining power), and trade somewhere else or implement retaliatory tariffs, consequently, our economy will really be in trouble. Contrary, to what some people might think, we still need imports for our industries especially automobiles... and we still need to export, even tho we had a trade deficit since the 70s.

Implementing high tariffs is bad economics especially in an economic downturn, that law holds fast even in today's standards.

Now, fuck off Pete Townshend, lol..

 

[EnderJE]

Lol. First, you are an asshole for cluttering my K box with that picture of them fat rats, you must be in cahoots with musclemom, flunkey!

Second, the Smoot-Hawley Act is an excellent case study for what not to do in a economic contraction.

History is always 20/20. Jefferson, implemented the Embargo Act of 1807, restricting American exports, while the Brits were allowed to export goods to America, horrible economic move, it crashed the US economy. We need imports to make certain goods, sometimes it is cheaper to import raw material to make goods. Simultaneously, after making the good the objective is to export the goods and make a profit (eco 101). In 1807-09, we were importing but not exporting, consequently, it created a surplus of goods, the usually route of pawning off the surplus was to Europe but the Embargo Act restricted that from happening. Therefore, farming, and textile industries,ect, had to eat their products. Moreover, they had to pay higher prices to make their products and could not make a profit by exporting them (scarcity, labor). Hence, these people were stuck with a surplus, and if anyone knows anything about economics, the more supply of a product and less of a demand makes the price of the good plummet (deflation), and people could not afford to make their products and people could not afford to buy products and the government was not able to accrue any captial via taxes then the economy crashed.

120 yrs later, the Great Depression hits in 1929 - causing a horrible economic contraction. Hoover who is probably one of the stupidest people to live implemented the Smoot-Hawley Act (highest tariff ever in US history), I think the act put a high tariff on over 3,000 imported items. Countries got pissed and passed retaliatory tariffs, this totally stymied trade, remember what I already mentioned about imports and exports? Anyway, that act brought us over the top and deepened and prolonged the depression... That was 73 yrs ago... If we try to put high tariffs on imported goods today, China and other countries will balk at us (lack of bargaining power), and trade somewhere else or implement retaliatory tariffs, consequently, our economy will really be in trouble. Contrary, to what some people might think, we still need imports for our industries especially automobiles... and we still need to export, even tho we had a trade deficit since the 70s.

Implementing high tariffs is bad economics especially in an economic downturn, that law holds fast even in today's standards.

Now, fuck off Pete Townshend, lol..

lmao...I can't actually remember what I put up in people's K box...at least I'm not puds and putting up the lemon party or ...good god...

The mass consumerism of the 80s and onwards is the difference from the 1930s. Sure, China can go somewhere else, but no consumer spends as much as the US does. Wouldn't going somewhere else will also hurt them in the long run? On a similiar vein, if we use old test cases for modern situations, then wouldn't there be a problem because times change and people are different?

In the end, you can think want you want...and I can pose the question. We're not likely to have a test case in the near future.

 

[Mr. dB]

 

[binö]

whatever happened with his child molestor case?
i recall his excuse for having/seeking kiddie pron was it was for research.

 

[EnderJE]

whatever happened with his child molestor case?
i recall his excuse for having/seeking kiddie pron was it was for research.

I still can't believe that he didn't go to jail.

 

[motorcyclegiant]

my opinion is to limit or increase taxes for corporations that use the shelter of the us to become corpirate giants, then flip the bird to the economy when they move shop oversees. Reduction of taxes based upon modified levels of income. Return social security to what it was designed for...its absurd that some of the wealthiest still collect from it...it was designed to support the older, less "fortunate" citizens. Stipulate rules that put criminals to work instead of the slammer. Mandatory service for non contributors. Capitol punishment sentences carried out within 24 months. Criminal charges with severe penalties for ripping consumers off.
sales tax tiers based upon category of goods. Natural resource banks, funded with tiered levels of % contribution based upon businesses profits. State funding by national government based upon performance in education, economic success, and reduction of crime.

Sent from my SCH-I510 using EliteFitness

 

[mrplunkey]

my opinion is to limit or increase taxes for corporations that use the shelter of the us to become corpirate giants, then flip the bird to the economy when they move shop oversees. Reduction of taxes based upon modified levels of income. Return social security to what it was designed for...its absurd that some of the wealthiest still collect from it...it was designed to support the older, less "fortunate" citizens. Stipulate rules that put criminals to work instead of the slammer. Mandatory service for non contributors. Capitol punishment sentences carried out within 24 months. Criminal charges with severe penalties for ripping consumers off.
sales tax tiers based upon category of goods. Natural resource banks, funded with tiered levels of % contribution based upon businesses profits. State funding by national government based upon performance in education, economic success, and reduction of crime.

Sent from my SCH-I510 using EliteFitness

Actually the only way they got social security passed in the first place was with assurances that it would be equally offered to all and would NOT become yet another welfare/lower-income benefit.

 

[Mr. dB]

whatever happened with his child molestor case?
i recall his excuse for having/seeking kiddie pron was it was for research.

He was completely exonerated. Problem is the US news media didn't pick up the story because we were distracted with 9-11 and Afghanistan stuff.

 

[ledhead]

whatever happened with his child molestor case?
i recall his excuse for having/seeking kiddie pron was it was for research.

Yeah, that is the excuse Ender gave the police...lol, no, he did say he was doing research on child porn and they bought it, probably literally bought it because he is filthy rich. They should throw his ass in jail for calling himself a guitarist - I call him an imposter with a guitar, he is fuckin' awful...

 

[EnderJE]

Yeah, that is the excuse Ender gave the police...lol, no, he did say he was doing research on child porn and they bought it, probably literally bought it because he is filthy rich. They should throw his ass in jail for calling himself a guitarist - I call him an imposter with a guitar, he is fuckin' awful...

I wouldn't care if he is a fucking Rock God. He should have done jail time or worse.