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Tariff and Taxes Repeating the Depression

aplusmnt

Well-known member
Is Obama trying to bring America to its knees like it was back during the Great Depression. Tariffs led to the world trade wars that cut importing and exporting in half in 1930. Obama already made Canada mad and go after China with tires etc.......Is this history repeating itself?

Also the Depression era saw unbelievable tax increases on the rich with tax rates rising 40 or 50 more points during that time. Obama is going after the rich to raise their taxes.

So many new taxes started during the 30's like estate and rising corporate taxes. Seems Obama is bringing things like Cap and Trade and wanting to go after corporations.

Anther thing to hit the Depression times was an inflation period despite double digit unemployment. Seems we are heading down this road also with inflationary things being set in place as we have increasing unemployment.

Does Obama know anything about history of economics? Or the scary thought is maybe he does and does not care! Lots of social programs came out of the depression what better way for super socialist to get what he wants?
 

Big Muddy rancher

Well-known member
I think your right about the tariffs and taxes,
My grandfather was a "wheeler dealer" in livestock and many things. He would buy a car and drive it west and sell it and take the train east ect.He bought a lot of horse and most dealings were in cash. That's just the way it was. He was hounded pretty bad by the tax man because he didn't keep much for paper records and most was is his head. I think the intrusion of government back then really soured a lot of the old timers. Might be doing the same thing again.
 
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