PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DMaA who wrote (259933)	5/31/2002 1:25:16 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

Bush either didn't about the pain to consumers his steel tariffs would cause - and the overall reduction in economic growth for the entire nation - or he was to stupid to understand the consequences. Knowing the quality and experience of the economic advisors around him, I find the former more likely than the later: i.e., he didn't care. The entire plan was enacted solely for narrow political gains in three 'swing' states judged necessary for Bush's re-election: WVA, PA, and OH. I find it entirely satisfactory that the 'blow-back' in other swing midwestern states is likely to cost him more support than he's gained by his protectionist stand... and remember: the counter tariffs from Japan, the EU, China, etc., haven't even hit us yet! When they do the pain will spread to every state. You are quite correct. In economic terms we would have been far better off giving each unemployed steel worker a $500,000 pension, rather than hurting the larger economy with these '1930s' style policies. Funny thing was... that's what the steel companies were asking for anyway: help with their pension costs.

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