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2009-01-03 Home Front Economy

Steel industry hopes for big stimulus shot

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Posted by Fred 2009-01-03 00:00|| || Front Page|| [1 views ] Top

#1 Damn, that's the ticket, STEEL! Cue Night on Bare Mt. then Anvil CHorus.

We ain't got enough STEEL!

Posted by .5MT 2009-01-03 07:18|| www.cybernations.net]">[www.cybernations.net] 2009-01-03 07:18|| Front Page Top

#2 I don't know about national economy, but tactical disadvantage at least. A modest tariff would solve the problem, I wouldn't want to compete with china and russia based solely on how little I'd work for. The 'free market' concept has put more americans out of work than anything I've ever seen.

Posted by bigjim-ky 2009-01-03 10:54|| 2009-01-03 10:54|| Front Page Top

#3 Smoot-Hawley worked really well last time. Slashed U.S. imports.

Posted by DoDo 2009-01-03 11:22|| 2009-01-03 11:22|| Front Page Top

#4 The 'free market' concept has put more americans out of work than anything I've ever seen.

Back in the 60s the old school economists stipulated that 5% unemployment was full employment, due to transits between jobs and other aspects which makes zero statistically unattainable. For most of this decade the country has been running at or below 5% to include employing literally millions of illegals. So I don't get this nostalgia over a era of large scale low skill manufacturing in which the unemployment figures were well higher.

Posted by Procopius2k 2009-01-03 11:42|| 2009-01-03 11:42|| Front Page Top

#5 Procopius, that nostalgia, nay obsession with restoring economic conditions as they were from 1950 to about 1967 or so is very strong, and of course absurd and destructive. And thanks for pointing out the unemployment thing - I'm old enough to have been taught in econ at college that 5% was "full employment". Yet for years, anything approaching that (from the lower side) was met with hysterical shrieks of panic and whining by the political class, the moronic media, and many citizens.

In my own tiny, insignificant way I used to boycott any US firm that tried to steal my business (trade restrictions) rather than earn it. These days, that approach would leave me with little more than local produce to buy. Disgusting, and somewhat shocking, to see that in all of corporate America, there are only a handful of leaders with any integrity or brains (Wells fargo CEO and one other who resisted the "bailout" money from Treasury, e.g.).

Following the complete self-degradation and cowardice of the political class and half the electorate in 05/06 over Iraq, this doesn't leave much about the good ol USA to be inspired about.

Posted by Verlaine 2009-01-03 12:01|| 2009-01-03 12:01|| Front Page Top

#6 Just us citizens, Verlaine. Let's look forward to 2010.

Posted by trailing wife">trailing wife 2009-01-03 13:46|| 2009-01-03 13:46|| Front Page Top

#7 if the auto bailout works its magic, then steel shouldn't need any help; last time i checked a magnet sticks pretty good to most cars. maybe if folks don't ahve to worry about their job, they might just have the confidence to go out and buy a new car. me, i've put that off for 18 months or so...

Posted by USN,Ret. 2009-01-03 16:54|| 2009-01-03 16:54|| Front Page Top

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