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by gilgoomesh 1538 days ago
Doubtless named for The Smoot-Hawley Tariff Act which raised or lowered taxes? Anyone? Anyone?
1 comments
vulcan01 1537 days ago
Raised tariffs, not taxes. It's an important difference, doubly so with regards to Smoot-Hawley because the whole point was to protect American companies (and therefore jobs) from foreign competition (of course, it did not work...).
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gilgoomesh 1537 days ago
(It was a Ferris Bueller's Day Off reference. Blame Ben Stein.)
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vulcan01 1536 days ago
... and I have not yet seen Ferris Bueller, so I didn't get the reference. Consider us even ;)
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