Tariffs not the way to go. Smoot-Hawley Tariff Act of 1930, anybody?
Economists still agree that Smoot-Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and length of the global Depression."The Smoot-Hawley Tariff was one of the causes of The Great Depression as foreign trade with Europe as well as China, which the United States had just recently set up an "Open-Door Policy" with, was vital to the economy.
Our economy is shaky enough with a certain party in the WH, new tariffs and the retaliation it would bring would take us over the cliff. The only answer is to make us more competitive in the industries where a higher wage can be paid for skilled workers.
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Today's Featured Article - A Tractor's Point of View - by John Manley. I began my life on August 3,1941. I was actually built at different times and days but I was officially an M Farmall on August 3.I was real nice and shiny. That�s me, in the old picture, third from the left. I was loaded on that train and sent to a little town in South Carolina. I didn�t get to see much of that town. I was moved off the train fast and on to the dealer�s
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