Bail 'em out the old-fashioned way
First it was the auto industry. Now the steel industry is looking for federal help. Quoting The New York Times:
The industry itself is turning to government for orders that, until the September collapse, had come from manufacturers and builders. Its executives are waiting anxiously for details of President-elect Barack Obama’s stimulus plan, and adding their voices to pleas for a huge public investment program — up to $1 trillion over two years — intended to lift demand for steel to build highways, bridges, electric power grids, schools, hospitals, water treatment plants and rapid transit.Quick, can anyone think of a type of public infrastructure that uses lots and lots of steel?
Labels: infrastructure
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