'Buy American' Provision Draws Fire

A powerhouse economic roundtable faced off today on "This Week with George Stephanopolous" over the controversial "Buy American" provision of the economic stimulus package now before the Senate. FedEx CEO Fred Smith argued the plan, which in part would require companies to buy iron and steel manufactured the U.S., would ultimately hurt global trade. "The reason it's not the right thing to do is that the growth of global trade has been enormously beneficial to the United States," Smith said....Full Story
Commenting on this article is closed.