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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (40926)9/6/2005 12:46:19 PM
From: ild  Read Replies (1) of 110194
 
Date: Tue Sep 06 2005 12:29
trotsky (protectionists discover their soft-wood spot) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
"A spokesman for the U.S. lumber lobby, meanwhile, said Canadian producers should be exempted from those punitive softwood duties - but only on free lumber donated to the rebuilding effort in Louisiana and Mississippi.

"If Canada wants to do the humanitarian aid and donate their lumber, there would be no duty on free lumber," Scott Shotwell, a spokesman for the protectionist Coalition for Fair Lumber Imports, said in an interview from Washington.

As for suspending the legally-dubious tariffs to give American consumers a temporary price break of more than 20 per cent, Shotwell said only donated lumber should be exempted.

"It would have to be humanitarian. It would have to be free." "

canada.com

one couldn't possibly make this up...apparently it's perfectly fine for those dumbo American fellow citizens of Mr. Shotswell to overpay by 20% for lumber otherwise. let's get this straight: EVERYBODY overpays for lumber by a stiff 20% in order to protect a bunch of lumberjacks somewhere? and this makes sense how, exactly?
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