Based on me reading wikipedia, in Hoover’s fairness, Smoot-Hawley was mainly a congress led thing and he mainly rubber stamped it. He also introduced stimulus to help industries that he wanted to up their output.
Trump isn’t doing anything stimulus-wise (if anything the opposite by introducing huge government cuts) to aid the new manufacturing processes he’s assuming will spring up overnight, and he also seems to be the mastermind behind rebranding the US as tariff-land.
I don’t know what my point is, that Trump’s policies are a lot worse than Hoover’s? I doubt anyone needed me to reach that conclusion to be fair.
Second, we already had Hoover. Trump’s policies are basically a rerun of an economic approach we proved doesn’t work 100y ago.
Based on me reading wikipedia, in Hoover’s fairness, Smoot-Hawley was mainly a congress led thing and he mainly rubber stamped it. He also introduced stimulus to help industries that he wanted to up their output.
Trump isn’t doing anything stimulus-wise (if anything the opposite by introducing huge government cuts) to aid the new manufacturing processes he’s assuming will spring up overnight, and he also seems to be the mastermind behind rebranding the US as tariff-land.
I don’t know what my point is, that Trump’s policies are a lot worse than Hoover’s? I doubt anyone needed me to reach that conclusion to be fair.