Stockman: ‘Crybaby’ Steel Lobby Found Their ‘Biggest Sucker’ Yet in Trump
Mar 8, 2018 3:34 PM
By Grabien Staff
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EXCERPT:
STOCKMAN: “It’s typical. The steel industry are the crybabies of the Beltway lobby farm. They gang tackle every new president that comes in with their tale of woe. In this case they’ve got the biggest sucker yet. And this whole thing is a giant mistake. I was involved way back in 1982 when I negotiated for the Reagan Administration an 18 percent quota on foreign steel, and they all pledged on their honor after five years they would be competitive, they wouldn’t need the protection anymore. And here we are, you know, 30 years later, and one device they’ve had in protection after another, and it’s still the same old story. Now, we have a huge trade problem in this country. An $800 billion trade deficit is not anything to ignore. We have had a trade deficit for 43 years running, and if you want to know the truth, it adds up to 19 trillion of trade deficits over the last four decades."
