Smoot Hawley

The Smoot-Hawley tarrif act. Here is a protectionist trade act that worked through the taxation of imports and it was intended to improve business conditions for American manufactures. It didn't do that however and more over it resulted in retaliatory tarrifs from foreign countries which many believe resulted in the great depression. The reason why for this is not what people usually think.

For instance many people believe that America can only be prosperous if their is foreign trade and imports. I see this as gray because it is both true and not. A truly great country is capable of producing for all of its needs and is self sufficient but America clearly must have imports in order to be prosperous.

The greater point is this. Smoot-Hawley and the like only harms an economy when the country is ALREADY addicted to the imports. Self sufficiency is always a workable option that is more resilient especially to shananigans of foreign governments.

America is clearly incapable of achieving this and the reason why is quite simple. The excessive greed of the unionized worker. These who have convinced themselves that they are worth more money than the typical world wage for the work they do and they are usually willing to resort to acts of extortion, the strike and lockout, to obtain their wants. And companies desiring to escape this have moved their manufacturing outside of the U.S. When money is your focus then money will be your downfall.

Here is something worthy of note. Obama ran his campaign on change yet his economic policies are the same old print it as fast as you can then throw it. I guess what he meant by change was stimulus by the train load. Then you notice how Washington is staying busier than ever trying to micromanage the nickels and dimes in the itemization of the stimulus bill. The economy would be stimulated just as well with a lot less work if they just dumped the money into a truck and had the people line up with a shovel and a sack.

An Observation. Washington is printing a lot of paper and taking on mountains of new debt in order to build buildings that many of which they don't need anyway.

I noticed Rush Limbaugh said last week that all of the government debt in a collapse is what caused the economic problems today. Interesting since he has said repeatedly over the years that the government debt would never be a problem.

Social tip for the day.

If you have guests over for food and you serve the drinks, don't handle the top of the glass. It is rude. It is not appetizing looking at greasy fingerprints where one's mouth is to go.

Obama, Pelosi and Rush

Obama doesn't want anybody to listen to Rush. Rush doesn't want anybody to listen to Obama and Pelosi shows up. Rush has been doing his best to create a Clinton scandal like atmosphere around Obama these days but I myself see no real evidence of this unless you want to consider mass murder because Obama supports killing off babies that survive abortions. Just put a rag over their faces and push their little heads through the gate of death. He rationalizes this by saying that if his daughter was in the same position he wouldn't want to see her punished with a baby. A far cry from the days when punishment for this circumstance included a leather strap and/or a wailing with a switch and/or pa gettin' his shotgun and making the family whole. When their is folly their is a price to be paid somewhere.

Then Pelosi says that birth control could stimulate the economy or so Rush says she says. Quite a hunk of deficit is supporting illegitimate kids. Here Rush got his chance with a leading democrat supporting smaller government and he's blowing it. Of course Rush isn't happy and his show gets stale without a democrat to attack. However I see no reason to support this birth control measure unless it includes forced castration or equivalent measure.