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feld (feld@friedcheese.us)'s status on Wednesday, 13-Nov-2024 06:48:07 JSTfeld @MariaLiv @RickiTarr
> Soon the Magas might turn on 45, and you all can sit back and watch.
There is precedent for this. The last time Republicans tried to use huge tariffs it backfired badly. Both the House and Senate flipped to Democrat.
"As the economists predicted, the high tariff proved to be a disaster. Even before its enactment, U.S. trading partners began retaliating by raising their tariff rates, which froze international trade. The tariff fight solidified Hoover’s ties with Republican regulars, but it shredded his standing among his party’s progressives. Most of the progressive Republican senators who had campaigned for Hoover in 1928 wound up endorsing Franklin D. Roosevelt for president in the next election. Nor did the tariff sit well with the voters. In 1932 they turned the majority in both houses over to the Democrats, by large margins. The voters also made clear their disdain for the Smoot-Hawley tariff by booting both Reed Smoot and Willis Hawley out of office that year."
https://www.senate.gov/artandhistory/history/minute/Senate_Passes_Smoot_Hawley_Tariff.htm