Vicious Capitalism

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Trade


Big Labor Wins, America Loses

 

The Democrats just couldn’t bring themselves to eliminate the “Buy American” provison of the stimulus bill.  They owe Big Labor and I”m sure Big Labor reminded them of that prior to the vote:

On another contentious issue, the Senate softened a labor-backed provision requiring that only U.S.-made iron or steel used in construction projects paid for in the bill. A move by Sen. John McCain, R-Ariz., to delete the so-called Buy American requirement failed, 31-65.

But with Obama voicing concern about the provision, the requirement was changed to specify that U.S. international trade agreements not to be violated.

Read that last line carefully. How in the world does keeping the “Buy American” requirement not violate US international trade agreements?

“Just words.”

Hope and change.

~McQ