> 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.
One American industry after another has been fleeing the U.S. for cheap labor.
We’ve been exporting jobs much more efficiently than products.
I see nothing wrong with going back to the negotiating table with some countries as it concerns trade.
Whatever recovery from the Bush years that Obama preached about, and the Europeans were all giddy about....is going down the drain. When he visits countries like India, France, etc...they won’t be standing to have a parade...but more likely to have a demonstration against him.