US businesses against 'BUY AMERICAN'

U.S. businesses and trading partners are resisting a new "Buy American" provision in the $819 billion economic stimulus package making its way through Congress.

The provision, included in the House bill that passed on Wednesday, generally prohibits the purchase of foreign iron and steel for any stimulus-funded infrastructure project.

The goal is to boost the U.S. iron and steel industries, which have been pummeled by the current recession. Shipments in the steel industry, for example, fell 40 percent last year.

The massive tax cuts and spending package has moved to the Senate, where lawmakers are working on their own version that extends the "Buy American" initiative beyond the House's iron and steel mandates to include all U.S. manufactured goods.

President Obama has pushed for swift passage of the American Recovery and Reinvestment Act as vital to prevent the collapse of the fragile U.S. economy as it wobbles from the global financial crisis.

http://www.foxnews.com/politics/2009/01/30/buy-american-rule-stimulus-sparks-protest/

Well now, so much for the "Help America" stimulus money if it has to be used to "Buy American".

There is really not many American made products that can be bought these days, ....... the Democrats have chased a majority of US manufacturers to places outside of our borders.



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Sam,

And Cap and Trade will push the remaining ones out.

But just like Obama's hypocritical "no lobbyist" rules, I'm sure that some manufacturers will be allowed to survive, provided that they are union shops with hefty dollars going to the right places.

Obama's promises have been falling bout like this winter's temperatures.

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And no one in the MSM is willing to call him out on it.

The man could blow up a bus load of orphans and ABC radio would report that Obama found a courageous new way to address childhood obesity.