reuters.com — WASHINGTON (Reuters) - The ailing U.S. steel industry is pressing President-elect Barack Obama for a public works plan that could be worth $1 trillion over two years to boost flagging demand for U.S.-made steel, the New York Times reported in...
Jan 2, 2009 View in Crawl 4
jmark13Jan 3, 2009
You are right, I should be clearer... by putting "money in what will make better lives", I meant, "promote happiness, comfort, health, education, infrastructure, etc." Put money into creating literacy in more fields and education so that people can gain the skills necessary to transfer to the appropriate jobs. I didn't mean to imply that the government should say what industries one should transfer to. Or that the government should tell us what is new and better, What is "new" is defined by how long the technology has been around and how effective it is scientifically vs. the "old" technology.
mouskyJan 4, 2009
If you really read Adam Smith's Wealth of Nations, then you know that Smith promoted what we call "buy local" today. I'm not saying that Smith thought foreign investment was a 'bad thing', just that he understood that local investment has positive benefits.
jaspruettJan 5, 2009
Are you retarded? Steel prices have remained at around $1000 a ton, which happens to be near record highs for the last, say, 50 or so years! It doesn't have anything to do with low steel prices. Instead, lets think about the fact that nobody has warm, fuzzy feelings when they think about the future of the economy and that there is absolutely no credit available for people to borrow money from in order to buy with.
jaspruettJan 7, 2009
Premium scrap is going for over $200 a ton. The steel used in bridges and buildings isn't made from flattened car bodies and soup cans alone. As a matter of fact, scrap prices have actually been climbing the last two months.
hardtofindsteelMar 13, 2009
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