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REPUBLICAN Senator John McCain has introduced legislation to strip from a massive economic stimulus bill a "Buy American" clause that has deeply angered and worried US allies.
"I've got an amendment to try to kill it," Senator McCain, who lost the White House to President Barack Obama in November, said shortly after introducing the measure today.
A Senate vote on the amendment, which declares that "the utilisation of funds appropriated or otherwise made available by this Act shall not be subject to any Buy American requirement," could come later today or early tomorrow.
The European Union, Australia and Canada have attacked the "Buy American" clause, warning it could start a global round of tit-for-tat trade reprisals akin to the tariff wars blamed for deepening the Great Depression of the 1930s.
The measure bars the use of any of the more than $US900 billion being debated in the Senate to buy steel, iron or other manufactured goods from abroad for infrastructure construction projects.
Originally posted by SLAYER69
reply to post by rattan1
Read the news it's not an isolationist move!
Oh this is ridiculous and I noticed more non Americans are complaining this is a stimulus package to get our country’s economy going not to get the whole world going it is meant to jump start ours not yours if you need help ask your own governments.
I see nothing wrong with the buy American only. This is only for the stimulus and the jobs and supplies that will be needed for the recovery of our economy the people are free to buy what they want from whom they want but for the large projects they should buy American.
What good is it going to do our economy if we outsourced everything while rebuilding our infrastructure?
Nothing! That’s right.
This is not isolationism it is simply an economic package designed to help jump start our economy.
[edit on 5-2-2009 by SLAYER69]