top of page
Search

THE MARSHALL PLAN DAYS ARE DEAD WITH PRESIDENT TRUMP 45 - 47. TARIFFS ARE WHAT THE FOUNDING FATHERS INTENDED.

The Marshall Plan, enacted through the Economic Cooperation Act of 1948 and signed into law by President Harry Truman on April 3, 1948, was a powerful blend of humanitarian aid and strategic foreign policy. Although it aimed to help rebuild war-torn Europe, it was also designed explicitly to counter the growing influence of the Soviet Union and the spread of communism.


By 1947, the Soviet Union had tightened its grip on Eastern Europe, and many Western European countries were economically fragile, making them susceptible to communist ideology and political instability. The United States feared that if these nations failed to recover quickly, they might fall under Soviet influence—not through invasion, but through internal revolution driven by poverty, hunger, and despair.


In his June 5, 1947, speech at Harvard University, Secretary of State George C. Marshall outlined a bold proposal: the U.S. would provide substantial aid to Europe, but only if the European countries themselves came together to devise a coordinated recovery plan. This approach encouraged European cooperation and prevented the aid from being perceived as imposed by the U.S.


The Economic Recovery Act authorized $13.3 billion (over $150 billion in today’s dollars) over four years.


The money was used to provide food, fuel, raw materials, and machinery—resources needed to rebuild infrastructure, restart industry, and restore economic stability.


Aid was not contingent on repayment, and was offered tariff-free, further encouraging trade and integration.


Up until the Civil War, tariffs were the number one source of revenue for the federal government. Income taxes were not amended into the U.S. Constitution until 1913.


"Trump correctly points out that tariffs, at one time, served as the principal source of federal government revenue. From the nation’s founding until the Civil War, tariffs generated 90 percent of federal revenue. Even from the Civil War until 1913, when the Constitution was amended to provide an income tax, tariffs produced 50 percent of federal revenue. In 1900, government at all three levels—federal, state and local—took less than 9 percent in taxes and fees from the American people. Today, it takes about 32 percent.


If government were reduced to the size intended by the Founding Fathers, tariffs could once again replace the income tax as the primary source of federal government revenue."


Trump is taking us back to exactly what the Nation's Founding Fathers had envisioned and implemented. He is also killing the days of America funding everyone else and getting nothing for itself.


NATIONS LIVING OFF AMERICA DAYS ARE OVER,



 
 
 

Comments


© 2021 lapennaliberta.com

bottom of page