Word: smoot
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Dates: during 1980-1989
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...peer counseling group, which deals primarily with eating-and weight-related issues, has changed its name from Eating Problems Outreach (EPO) to Eating Concerns Hotline and Outreach (ECHO) to indicate that its counseling is open to general problems, not just weight-related ones, said ECHO counselor Samantha J. Smoot...
...with international trade in collapse, Franklin Roosevelt denounced Smoot-Hawley as ruinous. Hoover responded that Roosevelt would have Americans compete with "peasant and sweated labor" abroad. Then, as now, protectionism had a strong if superficial political appeal: by election eve, F.D.R. had backed down, assuring voters that he understood the need for tariffs. Protectionist politicking, however, could not save the Republicans in 1932. Smoot and Hawley joined Hoover in defeat. The Democrats dismantled the G.O.P.'s legislative handiwork with caution, using reciprocal trade agreements rather than across-the-board tariff reductions. The Smoot-Hawley approach was discredited. Sam Rayburn, House...
Though some legislators today might be reluctant to make such a promise, no one in Congress is seriously proposing anything as drastic as Smoot-Hawley. Still, the pro-tariff mania that swept Washington 55 years ago remains a danger. "What we are afraid of," says S. Bruce Smart, Under Secretary of Commerce for International Trade, "is that people are so emotional that they will do something that they know is foolish, just to do something...
...veto it, repeating dire warnings that U.S. protectionism could once again provoke foreign retaliation against what remains of American exports (which is plenty: the U.S. is still the world's biggest exporter by 27% over runner-up West Germany). Such retaliation is what happened after Congress passed the disastrous Smoot-Hawley tariff act in 1930 (see box). Just enough Senators and Representatives will change their minds on a revote to sustain the veto. Then will follow a confused struggle between legislators fearful of a trade war yet determined to force Reagan to do more to promote exports and curtail imports...
Such defensiveness would have seemed unlikely a few weeks ago. Not since Smoot-Hawley days had Washington witnessed such an explosion of demand to limit imports as occurred in August and early September. Fretted Sir Roy Denman, Ambassador of the European Community to Washington: "We have seen protectionist sentiment before, but never anything like this...