Sell America

When the U.S. House passed its economic stimulus package, it slipped in a "Buy American" requirement that would force all the public works projects funded by the bill to use U.S.-made steel and iron.

That sounds like a good idea, but it would inflate the costs of many of those projects and invite protectionist responses by other countries. (Buy Mexican! Buy Canadian!) It would violate international trade agreements.

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Posted by Leo Romero

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by Leo Romero - Feb. 8, 2009

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