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Media Ignores History

Mike

Well-known member
Media Mostly Ignore Stimulus's 'Buy American' Depression Precedent
By Noel Sheppard (Bio | Archive)
February 3, 2009 - 11:01 ET

The stimulus package being discussed on Capitol Hill contains a "Buy American" provision that smells a tad like the Smoot-Hawley Tariff Act of 1930 which most economists believe turned a bad recession into the Great Depression.

Despite such overtones, press members on this side of the Atlantic have mostly failed to make this connection, or, at the very least, chosen not to share it with their readers or viewers.

In fact, with the exception of Fox News, a LexisNexis search identified not one television outlet addressing the matter.
 
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