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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (39146)	2/4/2009 6:55:01 AM
From: Bucky Katt	Read Replies (3) \| Respond to of 48461

Don't know. What do you think about this?> President Barack Obama risked a backlash within his own party by criticizing "Buy American" provisions in the huge stimulus bill that would ensure that most of the big infrastructure money goes to U.S. suppliers. The measures, highly popular among congressional Democrats and trade unions, have come under heavy criticism from U.S. trade partners, some of whom threatened this week to file legal actions against the U.S. if the measures become law. Asked his views on the furor, President Obama said in separate television interviews Tuesday that he wanted to avoid any steps would "signal protectionism" or risk fueling trade tensions. "I think that would be a mistake right now," he told ABC News. "That is a potential source of trade wars that we can't afford at a time when trade is sinking all across the globe." A White House spokesman couldn't be reached immediately to explain Mr. Obama's remarks. The "Buy American" uproar comes as an early and difficult challenge for the new administration as it tries to navigate between intense domestic and international pressures. By siding with its trade partners in Europe and Asia, the administration could antagonize key allies in Congress as it struggles to win passage of a nearly $900 billion economic-recovery package. The fight over whether to impose supplier restrictions within the stimulus legislation began last week, after the House passed a bill that would require the use of U.S.-made iron and steel in all public-works projects. The Senate is now debating a potentially larger stimulus package that contains far more restrictive procurement language, saying that "all manufactured goods" used in public-works projects would have to come from U.S. suppliers. online.wsj.com