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Obama Against buy American

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Post  Scooby01_98 Thu Feb 05, 2009 3:22 am

Okay I thought this stimulus package we had to have right now or else.... The package had a buy american act in it. You know steel, cable, heavy construction equipment etc. Guess Obama doesn't like that. Wants to put Europe and chinese back to work before americans....

http://www.nytimes.com/2009/02/05/us/politics/05trade.html

http://www.bloomberg.com/apps/news?pid=20601087&sid=aU8Yn81uylF8&refer=home

Wonder how many union members are starting to get buyers (voters) remorse?
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Post  Strate Thu Feb 05, 2009 6:52 am

This supposedly was a major catalyst for the great depression.
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Post  floridafun Thu Feb 05, 2009 9:23 am

seems to me they are trying to ensure they dont violate any existing trade rules by insisting ONLY american-made materials etc be bought with the funds in question..yeah thats a bad thing and means they wont allow the funds to buy anything made in america. that damned terrorist muslim--cant say we werent warned....thats the ticket. anything-obama is a bad move to most here. boo hoo.

from the link

Congressional leaders, trying to quell a dispute over “Buy American” provisions in the stimulus package, are crafting a version that would apply only when they don’t violate trade rules, according to industry officials and a congressional aide.
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Post  floridafun Thu Feb 05, 2009 9:36 am

Strate wrote:This supposedly was a major catalyst for the great depression.

??what was supposedly a major catalyst for the great depression? and the "supposedly..is that like on faux news when they use the "some say" line because there isnt actually any backup source? just curious.. jocolor
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Post  Guest Thu Feb 05, 2009 10:50 am

floridafun wrote:
Strate wrote:This supposedly was a major catalyst for the great depression.

??what was supposedly a major catalyst for the great depression? and the "supposedly..is that like on faux news when they use the "some say" line because there isnt actually any backup source? just curious.. jocolor

No, Strate is correct.

Can anyone tell me what this act was called?

... anyone... anyone... ?
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Post  Guest Thu Feb 05, 2009 11:03 am

The Smoot-Hawley Tariff Act ?
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Post  Cincy Fan 44 Thu Feb 05, 2009 11:06 am

Vis wrote:The Smoot-Hawley Tariff Act ?
something d-o-o economics??? Laughing
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Post  Guest Thu Feb 05, 2009 11:09 am

Vis wrote:The Smoot-Hawley Tariff Act ?

Ding. NPR or Ferris Beuller's Day Off? or both?

It's protectionism, and it made the depression a LOT worse. In my mind I think "buy american" is correct and logical, but in reality it doesn't work.
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Post  Guest Thu Feb 05, 2009 11:15 am

"Buy American" really is a farce if you're a real republican. Aren't republicans all about free trade and capitalism?
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Post  Guest Thu Feb 05, 2009 11:26 am

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Post  Cincy Fan 44 Thu Feb 05, 2009 11:30 am

Thanks for sharing that clip Vis. I love that movie!
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Post  LTRT Thu Feb 05, 2009 11:39 am

Vis wrote:The Smoot-Hawley Tariff Act ?

Mr. Stein refers to it as Hawley-Smoot, just sayin Wink
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Post  floridafun Thu Feb 05, 2009 11:27 pm

i wanted to guess it was the mccain-roosevelt act!
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