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I see a lot of people here claiming that this bill will save jobs. It only saves them in the short term. I know there are a lot of intelligent people here who had economics so I'm astounded by the amount of short-sightedness.

The moment the US buys its own products instead of cheaper foreign steel it basicly puts them in the place of being the same/less for more money. In turn, having less money to spend on other products.
Hell, they could use the saved money to fund the steelindustry. It will not be as effective but you lose only a percentage of jobs and do not piss of the rest of the world.
Secondly, There are industries far more profitable in the US then the steel idnustry, send funding there then where competing makes sense! If it grows, people get jobs there.

Lastly, we - as in, the rest of the world - do not want to see the US fail. Nor do we want a piece of the recovery plan. We want fair trade, a return to normalcy. Protectionism is a thing of the 30's and we moved well past that. It did not work then, it will definatly not work now in terms of recovering the economy.

If the government is so anal about spending it on it's own country then fine, go ahead. But invest it in new projects and get people to work there. You end with less of a headache, more good-will and the same effect as protectionism.



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