In coming months, we're sure to hear a great deal of talk tarring Sen. Harry Reid and Rep. Nancy Pelosi as the present-day incarnations of Sen. Reed Smoot and Rep. Willis Hawley, the sponsors of the disastrous Smoot-Hawley Tariff of 1930. But Smoot and Hawley were both Republicans. And so was the president whose signature turned the bad legislation into a disastrous law. The protectionist gene may no longer be dominant among Republicans, but it's still an important part of the GOP's DNA.Read the rest at Slate.com.
Sunday, December 03, 2006
From Daniel Gross: