[lbo-talk] Question on "Buy American"

Doug Henwood dhenwood at panix.com
Wed Feb 4 10:05:14 PST 2009


On Feb 4, 2009, at 1:23 AM, James Leveque wrote:


> Are the "buy american" clauses likely to make ANY discernible
> difference in
> the manufacturing sector, or at least U.S. steel (which I understand
> is the
> main target of the clauses)

Very little. A couple of free-trade economists estimate that it might save/create about 1,000 jobs. Even if they're off by a factor of 100, that's about a week's job loss at current rates.

Doug



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