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To brand Mr. Perot as a protectionist, Mr. Gore pulled out a picture of Reed Smoot and Willis C. Hawley, the dreary-looking authors of a famously misguided tariff, the 1930 Smoot-Hawley Act.
American workers and American consumers will suffer as a result of this misguided tariff.
Similar(58)
"Today, Americans face a host of new protectionist activity, including threats to withdraw from trade agreements, misguided calls for new tariffs in response to trade imbalances, and the imposition of tariffs on washing machines, solar components, and even steel and aluminum used by US manufacturers," said the letter, which was organized by the National Taxpayers Union.
There is, however, near-unanimity among modern-day economists that proposals to remedy unemployment by means of tariff increases are misguided.
Otherwise, the Smoot-Hawley Tariff Act of 1930 was a wildly misguided attempt by two Republican senators, Reed O. Smoot of Utah and Willis C. Hawley of a very different Oregon, and the Republican-controlled Congress to stimulate domestic production by raising ("raising or lowering... anyone, anyone?") tariffs on many goods from abroad.
Goof of misguided kid?
These critics are misguided.
But this is misguided.
That's misguided.
It was really misguided".
These ideas are misguided.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com