Since 9/11 I have tried to keep my comments about the current administration to myself, but the last straw was something I read about the steel industry.
How we allow President Bush to get away with this is beyond me! As most know, the steel industry is hurting because of cheap imported steel. Well, the steelworkers' union and the industry petitioned President Bush to put a 40 percent tariff on imported steel.
Knowing that this is a very important midyear election, and unions tend to vote Democratic, he went against one of the Republican free trade "principles" and put a 30 percent tariff on the imported steel to try to make points with the unions.
Sounds good, doesn't it? But when you look at the fine print you find out he really did nothing. For instance, last year we (the U.S.) imported 5.7 million tons of steel. Now this is the good part. Let's say we import another 5.7 million tons this year. The way the tariff is written, 5.4 million tons will be completely exempt from the tariff!