December 04, 2003
Steel Tariffs Lifted
Here’s a bit of President Bush’s statement regarding the lifting of those steel tariffs I mentioned earlier (well, that Kevin Drum mentioned earlier):
“I took action to give the industry a chance to adjust to the surge in foreign imports and to give relief to the workers and communities that depend on steel for their jobs and livelihoods,” Bush said. “These safeguard measures have now achieved their purpose, and as a result of changed economic circumstances it is time to lift them.”
So apparently the threats by the WTO and the EU had absolutely nothing to do with it. Right. And no doubt, Grady Little was fired because he achieved his purpose of taking the Red Sox to Game 7 of the ALCS. Losing control of the clubhouse and being intimidated by Pedro into leaving him in the game too long had absolutely nothing to do with it.
Of course, the tariffs never should have been enacted in the first place, but hey, in American politics, it’s always worth it to slightly hurt the many to greatly benefit a few. Gotta love that Electoral College.
December 04, 2003 07:30 PM in Economics | Permalink