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Over 35 years ago during the 1981-82 recession, Billy Joel released “Allentown” about the plight of this Pennsylvania town.
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President Trump fired the opening salvo in a trade war—reminiscent of the 1930s trade war from the Smoot-Hawley Act, which prolonged the Great Depression—when he announced he will impose tariffs of 25% and 10% on imported steel and aluminum.
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John F. Kennedy campaigned for president in 1960 targeting 5% real economic growth. After he was elected, he achieved that goal, doubling the slow growth of the Eisenhower 1950s.
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Heartland Senior Fellow Peter Ferrara joins the Made In America radio show with host Neal Asbury to talk about a new Heartland policy brief titled “Why the United States Has Suffered the Worst Economic Recovery Since the Great Depression.”
