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Originally Posted by Clocker
Because he does not know history (e.g., the Hoover administration) and does not understand the down side of protectionism.
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So I gather the downside of free market globalism is OK then? This part is always ignored when people bash Trump on his trade policies and goals.
The US trade deficit has been grown every year for the past 40 + years ever since the Fortune 500 companies and the local Chamber of Commerce bought off the DC politicians and destroyed our manufacturing industry.
This resulted in the destruction and screwing over of our skilled and respected blue collar wage earner-class and replaced them today with unskilled, basically ignorant laborers from 3rd World nations such as Mexico.
This country is way better off with someone as 'dumb' as Trump is right now, than it's been these past 40+ years with the smarty pants and know-it-alls from the Yale Law School and the Harvard Business School.
(clocker, there was also a world-wide depression in full steam when Hoover instituted his trade tariffs. Though he gets most of the blame, Hoover alone wasn't responsible for the Depression, especially by instituting trade tariiffs. The Federal Reserve had tightened the money supply which cause way more damage to the economy than any tariff.)
