But, maybe this will put US shipbuilders to work building ships. A strong nation ought to be able to build its own ships, and its own cars, and its own tanks, and planes, and TVs.
parsy, who is southern
Anything else the central planners should make us build?
We should develop an aggressive plan on what we'd like to manufacture in the US through the force of government over the next five years. We'll call it the American "Five Year Plan."
“This bill could have unintended consequences”
We’ve tried this before, at least a variation of it, called The Magnuson Act.
This act called for US flag ships to have US crews and captains on them.
What happened?
Cost of shipping stuff on US flag vessels went up. People preferred shipping on ‘flag of convenience’ ships due to the lower costs.
Result - US shipping industry nearly disappeared.
This new act of repeated historical ignorance, if they choose to repeat it, will simply kill what shipping industry remains.
I guess we won’t need American Bureau of Shipping any more. All those retired Coasties can go to work for DNV instead (or Lloyds).
Congress should stop trying to participate in markets. See Amendment number 10 of the Constitution.
What have we got to lose.