Explaining Economics one 6 Pack at a time.


Smoot Hawley 2 update

It seems that after europe threatened a trade war the clause was removed.  This clause was more extensive then I previously thought.  Basicly it stated that all products that were to be purchased for work done with the stimulus package money must be american manufactored.

I guess someone told Obama that this will make the europeans pissed off at the US faster then invading a dictator’s country.

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