"Buy American" on 60 Minutes. Steel industry, Nucor, etc. (n/t)

[WorseBeforeBetter]

[shireen]

1. i'm watching that and frothing with frustration

That steel guy is RIGHT. If the government is funding these jobs, we, as taxpayers, must demand buy American! Stahl says "protectionist" like it's a dirty word. To hell with her!

Steel guy is right. THERE IS NO SUCH THING AS FREE TRADE.

It's time to be PROTECTIONIST!

[WorseBeforeBetter]

3. I'm still digesting it, but did love his line re studying free trade at Harvard.

The next segment on the mortage meltdown ought to push me over the edge... oooh, here we go.

[JHB]

10. What was the line?

For those of us who missed it.

[WorseBeforeBetter]

14. The gist was...

go ahead and study it at Harvard, but don't attempt to apply it to the real world. I don't know much about Dan Damico (Nucor prez) ... off to the Google.

[Elwood P Dowd]

2. Lesley Stahl is an idiot when comes to issues like this.

She will believe in and push anything the globalists tell her. All she has is the same ole corporate talking points.

[WorseBeforeBetter]

5. Agreed.

I don't care for her as an interviewer, but I was curious about Nucor and Caterpiller.

[nc4bo]

4. Now on to the mortgage meltdown.....

Wonder how many people watch 60 Minutes?

Good heads-up show tonight.

[WorseBeforeBetter]

6. This is infuriating.

As is "NO ONE COULD SEE THIS COMING." I was a toad sitting in a cube babysitting a computer all day and saw it coming.

[nc4bo]

9. Yes it IS infuriating.

They KNEW what they were doing but didn't care. All they cared about was raking in their load of $$$$$$$.

[spanone]

8. they were practically forcing loans on people

[WorseBeforeBetter]

12. "There's no money in common sense."

That one guy just summed it up...

[nc4bo]

13. and too many people who were completely misinformed especially about those ARMs.

Not saying that the public doesn't bear some of the blame there but the public wasn't the one pimping these scam loans at any and all costs.

[rusty charly]

7. Ms. Stahl has a lot of nerve

making jokes about eating caviar for lunch, since she probably does.

[WorseBeforeBetter]

15. They were good sports about it.

But yeah, that was pretty rude. She really annoys me.

[spanone]

11. mortgage co's / lenders were in a BIG ponzi scheme

[WorseBeforeBetter]

16. Loans given to "anyone who could fog a mirror."

Paul Bishop seems like straight-shooter. Or disgruntled former employee, if you're that greedy Herb Sandler bastard.