By Alan Beattie in Washington
Published: February 3 2009 14:47 | Last updated: February 3 2009 20:13
The political imperative of the Buy America provisions in the economic stimulus bill is clear: US taxpayer dollars should create jobs at home.
But given that the measures are targeted at the beleaguered US iron and steel industry, which uses more capital than labour, they could end up costing more jobs than they save.
A bridge too far?: Any domestic benefits for the iron and steel industry from infrastructure projects introduced under the economic stimulus bill may be offset by lost exports
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