KSDK reports that Obama’s cuts in defense spending will cost St. Louis 30,000 jobs. (H/T Gateway Pundit)
Excerpt:
Thousands of jobs could be in jeopardy at St. Louis’ second largest employer: Boeing.
The aerospace company announced the government’s planned defense budget cutbacks will slow production of two locally-built planes and eliminate the jobs of the employees who make them. Michael Moran has helped build hundreds, if not thousands, of C-17 cargo planes.
…The bottom line is Boeing needs to get through to President Obama, Congress and Secretary Gates. If not, they stand to lose more than 5,000 jobs at Boeing in St. Louis, and 30,000 total local jobs, including suppliers.
Boeing executives are reaching out to anyone who will listen. They’re trying to get Congress to put the planes back in the budget.
And remember the protectionist regulations Obama included in his Porkulus bill? Recently, we talked about how the “Buy American” provisions of the stimulus bill caused American companies to stop buying anything from Canada for their projects. Well guess what? The Canadians were not amused.
Here’s the story from the left-wing Washington Post. (H/T Ace of Spades)
This week, the Canadians fired back. A number of Ontario towns, with a collective population of nearly 500,000, retaliated with measures effectively barring U.S. companies from their municipal contracts — the first shot in a larger campaign that could shut U.S. companies out of billions of dollars worth of Canadian projects.
And it’s going to cost American jobs:
The new buy American provisions, the company said, are being so broadly interpreted that Duferco Farrell is on the verge of shutting down. Part of an increasingly global supply chain that seeks efficiencies by spreading production among multiple nations, it manufactures coils at its Pennsylvania plant using imported steel slabs that are generally not sold commercially in the United States. The partially foreign production process means the company’s coils do not fit the current definition of made in the USA — a designation that the stimulus law requires for thousands of public works projects across the nation.
In recent weeks, its largest client — a steel pipemaker located one mile down the road — notified Duferco Farrell that it would be canceling orders. Instead, the client is buying from companies with 100 percent U.S. production to meet the new stimulus regulations. Duferco has had to furlough 80 percent of its workforce.
“You need to tell me how inhibiting business between two companies located one mile apart is going to save American jobs,” said Bob Miller, Duferco Farrell’s executive vice president. “I’ve got 600 United Steel Workers out there who are going to lose their jobs because of this. And you tell me this is good for America?”
Losing your job sucks, and there’s going to be a lot more of it until people shut off their televisions and pick up some books on economics, like the Federalist Papers or The Road to Serfdom. Learn a little about what made our country not like North Korea. Our prosperity wasn’t an accident, it was the result of a set of decisions made by men who believed in God, human rights and free enterprise.
UPDATE: The Competitive Enterprise Institute has more on the trade war with Canada.
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