General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe downward spiral of the economy has already begun
-Gas is up over 10 cents a gallon where I live
-My son was laid off due to a massive and sudden drop in orders this week (he is a machinist)
-Hours cut where I work by quite a bit
Klarkashton
(2,231 posts)It's all a very delicate balance. Start with "a radical change of the government" and it all goes to shit.
Bernardo de La Paz
(51,088 posts)The tariffs under the act, excluding duty-free imports, were the second highest in United States history, exceeded by only the Tariff of 1828.[3] The Act prompted retaliatory tariffs by many other countries.[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 SmootHawley Tariff worsened the effects of the Great Depression.[6]
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
Emile
(30,323 posts)pointing at the price on the pump saying, I did that!
Nimble_Idea
(2,462 posts)jeffreyi
(2,080 posts)Interesting.
Lovie777
(15,133 posts)conservative in spending this last year of democracys holiday.
onenote
(44,772 posts)Macrophylla
(135 posts)With auto sales. This has been brewing for a while. Inventory of unsold vehicles is huge. Ford and Dodge trucks and Jeeps over 180 days of unsold Inventory in some cases.
Assembly lines will be shut down.
Sawmills are shutting down because the demand for lumber has fallen.
This was in the cards regardless who won the election. Democrats should exploit this and lay it all on Trumps feet. Sure he did cause it but ask yourself, based on this election....DO YOU REALLY THINK THE AMERICAN PEOPLE WOULD UNDERSTAND THAT?
NO they will not