Another wacky article getting all worked up about us only buying US steel for the stimulus package. We run a huge trade deficit so this is good move. Invoking Smoot Hawley is childish
> Another wacky article getting all worked up about us only buying US steel for the stimulus package. We run a huge trade deficit so this is good move. Invoking Smoot Hawley is childish
Why would it be a good move to overpay for steel? Why would it be a good move to get other countries to put similar restrictions on American goods? Capitalism and trade have been the biggest generators of wealth. This bill aims to kill both. Good move indeed - if your aim is to bankrupt the United States.
All Federally funded road projects require contractors to purchase US steel now. It’s been that way forever. I wouldn’t be surprised if USACE projects are the same.
Besides, how much steel is used in STD prevention education, tobacco use suppression, etc.
Buying only American steel for the “infrastructure” is a good thing, provided it does not cause steel prices to go up.