And then there is this. Yeah it was three years ago when she said this - but it is still as idiotic today as it was then.
Just for the record
- it was "Smoot-Hawley" not "Hoot-Smalley".
- Smoot-Hawley was not enacted under FDR. It was enacted under Hoover - two years prior to FDR's election.
- Senator Reed Smoot and Rep. Willis Hawley were both Republicans.
- In the Senate 39 Republicans and 5 Democrats voted for Smoot-Hawley. In the House 244 Republicans and 20 Democrats voted in favor of the bill. (see here)
- As part of FDR's 1932 campaign he pledged to reduce tariffs. In 1934 the Democratic House and Senate passed the Reciprocal Trade Agreements Act to roll back the tariff.
- Coolidge became president in August of 1923. Roosevelt took office in March 1933. From the graph below of Industrial Production its pretty clear that Roosevelt inherited a much worse situation.
No comments:
Post a Comment