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Response to Sen. Walter Sobchak (Reply #73)

Fri Dec 30, 2011, 10:04 PM

74. Imports dropped far more than exports.

 

This means that American jobs came back home, more than they left the country. If we slammed the door totally on imports, look at how much we import versus what we export. We IMMEDIATELY cut off a massive bleed-out in jobs.

Also, the drop in trade was largely because of the global DEPRESSION, not Smoot-Hawley. There were fewer people producing stuff. A massive drop was inevitable.

And once again I will ask you - would you rather see the dollar devalue into oblivion and foreign imports become impossibly expensive, instead?

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