:: rawblogXport ::

:: Sunday, November 30, 2003 ::

After the big U.S. steel meltdown By Greg Keenan
Stripped down to its essentials, the model involves:

Eliminating the huge legacy costs of pensions and retiree health care that helped push Acme, Bethlehem, LTV and a host of other steel makers into bankruptcy protection;

Drastically reducing management ranks;

Making steel with fewer unionized employees, streamlined contracts and compensation that relies more on incentives and bonuses.

Irony And Steel By By George F. Will
Once upon a time, Democrats understood that when Republicans protected, as they did for decades, American industry from the inconvenience of price competition from abroad, the result was higher prices -- a hidden tax -- paid by consumers. Today Democrats advocate protectionism, which they call 'fair trade,' in the name of protecting what tariffs actually destroy: American jobs. The steel tariffs are, for example, a $100 tax on every new American car and on the creation of jobs for autoworkers.

Bush imposed the tariffs to court steelworkers. There are 124,000 of them nationwide.

posted 8:29 AM :: reference link :: 0 comments ::

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