Regarding American Steel. I live just south of one of the largest steel producing regions in this country. In the 70's & 80's we had something close to 250,000 people employed nationally making about 80 millions tons of steel each year. Today we the numbers have reversed. We make over 200 million tons of steel in the USA today, but now it only takes about 78,000 employees to do it. Those jobs are not shipped overseas. We are still making the steel. In fact we are making better steel, faster and more efficiently.
President Bush, and his relaxing of the steel quotas/teriffs helped keep a lot of people who ASSEMBLE things made out of steel employed. Steel workers are not being layed off because the quotas/teriffs were relaxed, those guys lost their jobs long ago because of inefficiencies in the system that were removed. That is how we make so much more steel with fewer employees. Our steel would be double the price if we still had 200,000+ steel workers and that would make our steel TOTALLY uncompetitive and then the 70,000+ steel producers we have now would be unemployed. We need competition to keep us competitive, which keeps us employed.