They are running to the White House for free money, 40% tarriffs, immediate action, and blame everyone but top management. No, its not Enron or Authur Anderson (George Jr's fifth and 12th top campaign bribers). It's USX (US Steel). As noted previously, USX, Bethlehem Steel, LTX, etc are classic anti-American institutions. Also noted is the example of a patriotic institution - the innovator Nucor Steel.
http://www.nytimes.com/2002/01/20/bu...ey/20STEE.html
Notice who demands corporate welfare, and who buys big ads to identify an enemy of America. Being that a top White House manager has little appreciation for free market economies (he is an MBA), then he is likely to provide USX with some of what it demands. A free marketeer knows USX is in trouble is because it has stifled innovation for decades. Its top management are MBAs; not steel men. Domestic steel industry innovation only occurrs in Nucor, who is explicitly saying that USX, et al will appeal for corporate welfare.
We knew in August that USX was going to do this in September. But something happened just before the pre-arranged play was to be enacted by big Steel and George Jr. The play was delayed, but is now ready for its premier. This NY Times article is simply forcasting the opening scene in 'Corporate Welfare - a Republican Tradition?'.
A real Republican would tell USX to fire its problem - its top management - and seek bankruptcy. Is George Jr a real Republican or a 'bought and paid for' Republican. We await the next act of a play called 'Corporate Welfare'. Was the Enron chapter pre-arranged? We know this USX act was planned months ago. Blame everyone else except big steel management. Will they get away with it as easy as top Enron management? How wealthy will big steel top management get at our expense? As much as Enron's top management? Will big steel have a federal judge's stifle criminal investigations like in the Enron Act?
01-19-2002, 06:40 PM
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