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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (16307)	3/6/2002 8:11:43 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi Elmat, <<Bush administration was convinced that steel is "strategic" and should be kept in production at the cost of the economic burden>> W should instead figure that Japanese money is strategic, and if they cannot sell their steel in the US, they might not be able to send back as much money, and may even have to devalue so as to sell more cars, and ... ultimately, take back some of their money, before it all goes to money heaven with the 400 virgins. Chugs, Jay

To: elmatador who wrote (16307)	3/6/2002 9:47:09 AM
From: Ilaine	Respond to of 74559

>>I don't know, maybe the Bush administration was convinced that steel is "strategic" and should be kept in production at the cost of the economic burden.<< That's the only thing that makes sense. At least we did not agree to subsidize the retirement accounts of the steelworkers. That would have cost $10 billion.

To: elmatador who wrote (16307)	3/6/2002 10:08:57 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>maybe the Bush administration was convinced that steel is "strategic" and should be kept in production at the cost of the economic burden<< I'm afraid not, elmat. Bush figured out that he needs the steel vote in Pennsylvanio and Ohio in order to get re-elected in 2004. It's cynical politics as usual. I'm just disgusted that he sold himself so cheaply.