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To: LindyBill who wrote (120470)	6/17/2005 12:56:08 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 793782

Hooray for Thomas Sowell: <Many thanks to Tom Sowell for reminding us that tomorrow, June 17, marks the 75th anniversary of the Smoot-Hawley Tariff that helped trigger the 1930's depression. Barriers to trade, coupled with retaliatory measures around the world, raised the unemployment rate from 9 percent in 1930 to 16 percent in 1931 and 25 percent in 1932. Farmers who supported the tariff saw their exports cut by two-thirds.> AND, the depression pretty much led to German marching and WWII. If they aren't careful, they'll be "Those who fail to learn from history are doomed to repeat this cliche". Mqurice

To: LindyBill who wrote (120470)	6/18/2005 5:12:15 AM
From: Spheres	Read Replies (1) \| Respond to of 793782

Lindy, I am happy to read that you attribute the Smoot-Hawley tariff with the depression and high unemployment. Similarly, as show by the Bureau of Labor Statistics graph below, I attribute the inauguration of GW to an isolated America. data.bls.gov Kicking but, has it consequences. As a county at war, we have far fewer trading partners, and all-the -while our government employs the military and defense contractors (to manipulate the unemployment number) through deficit spending. You see, Bush has effectively shut down free trade with military occupation of the oil production center of the world. We don’t need no stinkin’ tariff!!!