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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (259933)	5/31/2002 12:22:54 PM
From: moby_dick	Respond to of 769670

duh, which way did he go, Dick? which way did he go?

To: DMaA who wrote (259933)	5/31/2002 12:33:34 PM
From: MulhollandDrive	Respond to of 769670

excellent find, DMA. i hope bush has the guts to recognize his error and reverse this wrongheaded policy.

To: DMaA who wrote (259933)	5/31/2002 12:34:59 PM
From: gao seng	Respond to of 769670

That is the plan my man. WSJ is losing it. Tariffs reduce supply and increase price. LOL!

To: DMaA who wrote (259933)	5/31/2002 1:15:26 PM
From: jlallen	Respond to of 769670

Yep. I hope he reverses himself on this decision...

To: DMaA who wrote (259933)	5/31/2002 1:25:16 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to 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.