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To: flatsville who wrote (81907)3/17/2001 10:10:01 AM
From: Ilaine  Respond to of 436258
 
A tariff on steel is a de facto tax on all consumers to support the steel industry. It would be helpful if they told us what it would cost us, maybe we wouldn't think it was worth it.



To: flatsville who wrote (81907)3/17/2001 12:21:55 PM
From: portage  Respond to of 436258
 
Blind adherence to monoistic theories like pure "free markets" is an absurd distortion of countries' needs to provide at least a minimal protection for the broad based interest of all their citizens, not just their industrialists and financiers. If these things aren't tempered with a little reality, they won't work.

Bush is a fool kowtowing to the narrow big money interests, and he will pay for it at some point. So will we. I worry about this guy handling a real crisis.

Even many of the conservatives and libertarians on the bear forum thread are slamming him for pushing this bankruptcy bill, which will intensify the downturn, and is a case of irresponsible creditors changing the rules midstream on irresponsible borrowers.

Here's an expansive post on margin and liquidation that gives pause:

prudentbear.com