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2025-04-07 Home Front: Politix

Commerce Secretary Howard Lutnick Completely Wrecks CBS''s Margaret Brennan After She Makes an Absurd Accusation Regarding Trump''s Tariff Strategy (VIDEO)

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Posted by Fred 2025-04-07 00:00|| E-Mail|| Front Page|| [11123 views ] Top

#1 Sure. We know that penguins are cheating bastards. They even wear suits to fool you.

Posted by European Conservative 2025-04-07 06:31|| 2025-04-07 06:31|| Front Page Top

#2 We're not talking trade. We're talking unemployment. This is Wall Street vs Main Street. We've been importing unemployment since the 90s. Times are a changing.

Posted by Procopius2k 2025-04-07 07:13|| 2025-04-07 07:13|| Front Page Top

#3 "By 1933, the U.S. unemployment rate had risen to 25%, about one-third of farmers had lost their land, and 9,000 of its 25,000 banks had gone out of business. President Herbert Hoover was unwilling to intervene heavily in the economy, and in 1930 he signed the Smoot–Hawley Tariff Act, which worsened the Depression."

https://en.wikipedia.org/wiki/Great_Depression

Current unemployment in the U.S. is 4.2%. Tariffs won't bring back employment. They'll bring back recession.

Posted by European Conservative 2025-04-07 08:19|| 2025-04-07 08:19|| Front Page Top

#4 Sorry, EC those are faux government numbers on today's unemployment. They do not use the same metrics today they used back in the 30s. Not employed for 'x' number of months, you are no longer counted.

Posted by Procopius2k 2025-04-07 09:31|| 2025-04-07 09:31|| Front Page Top

#5 Ackshuallllly Tariffs May Work
For the US, that is. Maybe not for the rest of the world

Posted by Grom the Affective 2025-04-07 09:36|| 2025-04-07 09:36|| Front Page Top

#6 EC, as I’m sure you are aware, Europe needs to get its own house in order. Your country is a mess after years of insane energy policies and the importation of third world migrants. No need to focus on old Uncle Sugar.

Posted by Remoteman 2025-04-07 15:32|| 2025-04-07 15:32|| Front Page Top

#7 Canada….

Just sayin’.

Posted by Grampaw Brown7138 2025-04-07 16:21|| 2025-04-07 16:21|| Front Page Top

#8 Margaret hasn't been the same since she left CNBC. I guess she feels more at home now.

Posted by DooDahMan 2025-04-07 22:29|| 2025-04-07 22:29|| Front Page Top

#9 When Hoover signed Smoot Hawley, the US had both a foreign trade surplus - the opposite of today - and many products were being over produced in numbers not justified by the market. Smoot Hawley had a negative effect on the US economy, because so much of the US production went overseas, and foreign nations raised reciprocal tariffs. The US problem now is underproduction and a trade deficit. The point of tariff is to make US production viable again.

Posted by jc 2025-04-07 23:55|| 2025-04-07 23:55|| Front Page Top

23:55 jc
23:45 Crusader
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22:35 DooDahMan
22:29 DooDahMan
21:50 Pancho Poodle8452
20:31 Seeking Cure For Ignorance
19:37 SteveS
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17:13 ed in texas
17:12 ed in texas
16:47 Crusader
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15:56 Pancho Poodle8452
15:56 Lord Garth
15:32 Remoteman
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