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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mike M2 who wrote (81929)	3/17/2001 1:09:52 PM
From: Ilaine	Read Replies (2) of 436258

Mike, subsidizing big steel over the last 30 years has cost the American people $100 billion. cagw.org Subsidizing inefficient industries so they can continue inefficient practices hurts everyone in the long run. Corporate welfare is still welfare, and it's not a good thing. Workers in the steel using industries outnumber workers in the steel making industries 40 to 1. There are only 200,000 workers employed in the steel making industry. High steel prices hurt the workers in the steel using industries and they hurt consumers. cato.org Here's some detail on all the subsidies the steel making industries get. aiis.org Government subsidies to inefficient steel manufacturers also hurt the efficient ones like the mini-mills and the big companies that are well run.

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