Orange Time

[emby]

Bottom post of the previous page:

I might vote for a Republican for the first time ever - says man who has voted straight R all his life.

The rest of em are going to vote even harder.

[PetePierson]

Only posting for Comrade's benefit....

[emby]

Posted for Pedro's benefit...

https://en.wikipedia.org/wiki/Smoot%E2% ... Tariff_Act

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods.[2]

The tariffs under the act, excluding duty-free imports (see tariff levels below), were the second highest in United States history, exceeded by only the Tariff of 1828.[3] The Act prompted retaliatory tariffs by Canada and others.[4] The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Great Depression.[5] Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.

Hoover, Smith, and Hawley were all thrown out of office two years later.

It's basically the dumbest economic proposal of all time.

[emby]

Basically, the people seriously discussing this want to deliberately break the US dollar.

[PetePierson]

Basically, the people seriously discussing this want to deliberately break the US dollar.

Comrade... Come on, Man!

What was the debt prior to Joey's "CARES Act" in March of '21? ~$23 Gazillion? Today, it is ~$35 Gazillion. The state will soon be spending $1 Trillion per year on interest alone.

Savvy.

[emby]

Basically, the people seriously discussing this want to deliberately break the US dollar.

Comrade... Come on, Man!

What was the debt prior to Joey's "CARES Act" in March of '21? ~$23 Gazillion? Today, it is ~$35 Gazillion. The state will soon be spending $1 Trillion per year on interest alone.

Savvy.

So?

[emby]

Pete, Joe could nationalize the oil industry at any time. He won't, but because he has the power to and instead chooses to tax it's production, the debt does not matter so much.

Same with steel, same with lumber, etc. But again, he won't because he doesn't have to. Instead we rather gently tax its production so the debt really doesn't matter so much.


...But if you wanna balance the budget we can quadruple the tax on that production. Shouldn't take long.

[The Outsider]

Bill Clinton is the only president since 1970 to have a balanced budget with a surplus. I don't think national debt actually matters when you're the most important (and strongest) nation on the face of the planet.

[emby]

Bill Clinton is the only president since 1970 to have a balanced budget with a surplus. I don't think national debt actually matters when you're the most important (and strongest) nation on the face of the planet.

And he did it by slashing the government on the backs of the poor and military retirees. Pointless exercise.

[kaimaru]

Bill Clinton is the only president since 1970 to have a balanced budget with a surplus. I don't think national debt actually matters when you're the most important (and strongest) nation on the face of the planet.

And he did it by slashing the government on the backs of the poor and military retirees. Pointless exercise.

So increasing income tax for the top 1.2% of the rich and putting business tax rates at 35% punishing poor people? True, those receiving social security was taxed higher, but he also reduced FICA which helped low income families. It expanded the Earned Income Tax Credit. I really don't know about military retirees other than my dad was and he never once complained about Clinton. In fact, I think Clinton in his second term was the only time he ever voted for a Democratic president. He didn't talk politics at home, but we always knew who my parents were voting for with regards to the presidency

[emby]

Bill Clinton is the only president since 1970 to have a balanced budget with a surplus. I don't think national debt actually matters when you're the most important (and strongest) nation on the face of the planet.

And he did it by slashing the government on the backs of the poor and military retirees. Pointless exercise.

So increasing income tax for the top 1.2% of the rich and putting business tax rates at 35% punishing poor people? True, those receiving social security was taxed higher, but he also reduced FICA which helped low income families. It expanded the Earned Income Tax Credit. I really don't know about military retirees other than my dad was and he never once complained about Clinton. In fact, I think Clinton in his second term was the only time he ever voted for a Democratic president. He didn't talk politics at home, but we always knew who my parents were voting for with regards to the presidency

No, gutting medicare and military retirement and healthcare benefits as some sort of goddamned conciliatory gesture to soulless republicans was punishing poor people. And that was just 1993.

After he gets reelected in 96 he cuts Medicaid again in 97. He repeals Glass-Steagall in 99 which sets the stage for the subprime mortgage crisis.

It wasn't all bad but there's a reason why he's not revered in liberal circles today and it has nothing to do with the blowjob.