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JohnSJ

(98,883 posts)
1. It was a big factor in the Great Depression. People argue over this, but the reality is trade wars are inflationary,
Sat Mar 29, 2025, 11:47 AM
Mar 2025

create shortages on products we depend upon, cause a significant decline in global trade significantly, cause exports to fall, which impact everything we export, especially farmers.

In the 30's It contributed to the loss of confidence on wall street, and the isolation of the United States, and was a contributory factor in the worldwide depression, and WWII.

"Those who do not learn from history, are doomed to repeat it"

When trump spoke to the NY investors organization during the campaign with such notables as the blowhard larry kudlow, like a bunch of sheep being led to the slaughter, these idiots were applauding and cheering enthusiastically every asinine and idiot thing the jackass trump was saying, even though they knew it was reckless, risky, and idiotic.

On most of the financial outlets some of these so-called expert analysts are still spewing the same nonsense, with some trying to blame President Biden. It is such bullshit. The Biden Administration left the economy in good shape, recovering from the disastrous policies of the first trump administration and its mishandling of the pandemic and economy.

They took a gift horse, and completely discarded it in trump's second term, and the stupidity of the American populace repeated the same thing they did in 2016 by electing him to a second term in 2024.

How stupid can you be? trump and company are now doubling down on everything that caused the problems in his first term.

The American public didn't realize how good they had it, but they are going to find out relatively quickly if they don't change course quickly, and even if they do, the damage done to our reputation among our allies will take a long time to be redeemed. We cannot be trusted anymore.




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