Thursday, February 5, 2009

"Buy American" - Pros and Cons

A comment from a blog reader came in this morning regarding the "Buy American" clause being debated in the stimulus bill. After doing a little research, I found there is quite a bit of debate over the issue. My first instinct is to "Buy American" materials for all "tax payer funded" projects resulting from the stimulus package. After reading a few articles concerning the issue, I found that there is an argument that limiting these purchases to U.S. companies could cause problems with retaliation from other countries and breaches in U.S. Trade commitments.
I'm attaching one of the shorter articles for your reading pleasure.

What do you think about this?
http://www.usatoday.com/money/economy/trade/2009-02-03-economic-stimulus-buy-american_N.htm

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