In 1930, the Republican-controlled House of Representatives, in an effort

[Kire]

In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics.

[MrModerate]

1. So what you're saying is that despite their (until recently) . . .

Strong reputation for being strong on economics, Republican have historically been more wrong than right on such issues, and have, more than once, precipitated worldwide disaster.

Yeah, I think that's what you said.

[Kire]

2. Anyone? Anyone?

Bueller?

[Richardo]

3. "Something-d-o-o economics."

:D

[Zuni]

4. Bueller? Bueller?

[DelawareValleyDem]

5. Watching that moive is the only time

I allow myself to pay attention to anything Ben Stein says, or writes for that matter