Friday, January 30, 2009
“American Jobs for American Workers”
U.S. business group works to kill Buy American plan
The House of Representatives approved the measure this week as part of a $825 billion bill to kickstart the U.S. economy. In the House version of the bill, the "Buy American" measure would require all public works projects funded by the stimulus package to use only U.S.-made iron and steel. European steelmakers object, saying that would violate U.S. commitments under the World Trade Organization's government procurement pact.
Posted by gardeniadotnet @ 09:15 PM (1063 views)
2 thoughts on ““American Jobs for American Workers””
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tyrellcorporation says:
http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act
Tried and failed already!
‘According to government statistics, U.S. imports from Europe declined from a 1929 high of $1,334 million to just $390 million in 1932, while U.S. exports to Europe fell from $2,341 million in 1929 to $784 million in 1932. Overall, world trade declined by some 66% between 1929 and 1934.’
gardeniadotnet says:
” Gordon… it’s Mandy. Don’t forget to mention the “P” word.”
Brown: ” Who was it? Not telling.
Now where was I? Oh yes… there’ll be no place for Protectionism in our New World Order…”