2016

2016

Tuesday, June 28, 2016

Trump Trade Protectionism: Hoover & Hillary Redux?

"On Tuesday’s Mark Levin show, Donald Trump gave a speech that could’ve been given by the
likes of Herbert Hoover or Pat Buchanan. Trump was cherry picking quotes from the Founding Fathers and Lincoln to support his tariff policy. All tariffs will do is to create more government and more centralization. Why not trade tariffs for the federal income tax? But not tariffs on top on income taxes. Trump is now mimicking Hillary Clinton with his trade and economic policies, who in turn is mimicking Bernie Sanders. That’s why Trump continues to reach out to Sanders supporters because his views on trade are actually similar to that off of the democratic-socialist. In addition, countries have the capacity to retaliate and they did 85 years ago against Smoot-Hawley. The result was devastating and should be proof enough that tariffs will not help the average blue collar worker but harm them. They are a tax on the working man and woman. Also, Reagan policies resulted in the greatest burst of economic growth post Industrial Revolution, not protectionism. Trump is not going to bring jobs back to America through protectionist policies. Trump is a Herbert Hoover, Hillary Clinton protectionist tariff guy." MarkLevin 

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