Stimulus must be based on “buy American” formula!
Posted: January 24, 2009 Filed under: A service economy is doomed to fail, Stimulus based on buy Americsn provision, Stimulus to build a US product economy | Tags: buy american, stimulus plan 1 Comment »Unless the Obama trillion dollar stimulus packages include provisions to rebuild a United States PRODUCT based economy, it will fail.
The new plan could not work unless it is based around the utilization of US products, such as steel, cement, in the road and bridges rejuvenation phase; US developed software, and computers using American made products for IT work, and so on.
The stimulus plan, at the risk of upsetting some of the US trading partners, must be designed around a “buy America” clause to ensure that its impact is not just a band aide for cancer.
