Apparently the government issues waivers against the “Buy American Law” and these waivers have indirectly lost 620k jobs since 2007.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
The nonsense is the “buy american” law. The pentagon should buy the best products available, period. Requiring American manufacture drives up costs and could reduce quality. And there’s a bunch of paperwork compliance B.S. that goes along with it. The taxpayers get screwed from these feel good meaasures.
Perhaps you are correct. It would be nice if we made the best products.
Most economists also completely blew the meltdown in 2008. Personally speaking…the economists can blow it out their collective ear.
You can have a Buy American law or you can have free trade, you can’t have both.
Most economists say that free trade creates more jobs than any laws restricting trade.
sorry