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02.02.2009 12:01 pm

Bond says no “protectionism” in stimulus bill

Post-Dispatch Washington Bureau
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Kit Bond

Bond

WASHINGTON — With the Senate due to take up the massive economic recovery bill this afternoon, Republicans like Missouri Sen. Christopher “Kit” Bond are in the crosshairs.

That’s because unlike the House – where not a single GOPer supported the $800 billion-plus plan — Senate Democrats need a few Republicans to reach 60 votes and in so doing avoid a filibuster from foes.

Bond has signaled that he’ll play ball with Democrats, but mostly he’s been critical of the proposals as written. How critical?

“I feel like a mosquito in a nudist colony,” he said this morning. “There are so many targets, I don’t know which ones to attack first.”

One of the problems, in Bond’s view, is a “Buy American” provision that would require the use of American-made steel in tens of billions of dollars worth of road, bridge and building construction projects.

That’s bill language that hundreds of laid-off steelworkers at Granite City Steel and elsewhere are cheering given the pressure on their industry from cheaply made and government subsidized Chinese steel.

Bond, who has been working to cultivate trade with China, sees matters differently.

“The problem is you can make the infrastructure jobs more expensive and, at the same time, you … threaten the jobs of all the people who are in the export business,” Bond said this afternoon while being interviewed on CNBC.

“We’ve got more export jobs than we’ve got steel jobs in Missouri. But beyond that, we depend upon the farm economy. You saw with the Asian crisis, the Asian contagion, that when exports of farm goods dropped off, we had a recession, almost a depression,” Bond added.

Bond also took issue with Sen. Claire McCaskill’s new proposal to limit the salary of executives at companies receiving federal bailout money to no more than what the president of the United States makes — $400,000 a-year.

“The worst thing we can do is tell businesses how to run themselves. Congress has a pretty bad track record. If you you look at our collective jdugement, all 535 of us in our wisdom can’t run government very well. (We) sure can’t run business.

“As far as capping CEO pay for people who really loused up, we ought to fire them. We’re not going to fire them, but the boards of directors ought to fire them; that’s what they did in Sweden. They need to get rid of these people, not cap their pay at $400,000. They aren’t worth that. Bring in people who can do the job.”

8 comments

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Buy American to save American jobs sounds like a good idea. If we do not stop the out sourcing of jobs to Mexico, India and other foreign countries, we are all going down the tubes.

— Kenrick
12:09 pm February 2nd, 2009

Using Bond’s logic, we should continue importing garments made by 12 year old Asian girls tied to sewing machines for 16 hours a day [at 23 cents an hour] because we have a lot of Americans working the shipping docks for Wal-Mart imports…..

Thanks Senator….Don’t let the door hit you on the way out.

— Garrison
12:34 pm February 2nd, 2009

Senator Bond is wrong. We are a trade deficit nation and as such would benefit from less trade.

— jm
12:52 pm February 2nd, 2009

Let’s cap the TOTAL income of congressmen at 400,000. I doubt many would draw a cent in pay from their congressional jobs, they’re raking in so much on the side. Of course, this would never fly because, like Daschle, they just wouldn’t report the other income.

Speaking of Daschle, how many KNOWN cheats do we have to let into the cabinet?

— Tom Beebe
1:35 pm February 2nd, 2009

Given that the PRC has been using an increasing amount of the steel, concrete, etc. that it used to export for its’ own construction projects, such a “Buy American” codicil should not make that much of a difference.

In all federal spending this should be the policy, take competitive bids from US suppliers/contractors first with right of first refusal going to them. Only if there are not any US suppliers/contractors capable of handing the projects/supplies should we go outside.

— RHarnack
1:48 pm February 2nd, 2009

if you’re holding your breath…
for ‘ol whiskey nose’ to do whats right for American workers…
you’ll turn as red as bond’s crimson snout.

— llbean
1:56 pm February 2nd, 2009

Sen. Bond would rather we buy the steel to fortify our bridges from the Chinese who can’t even keep poison out of BABY FORMULA??!!! Fantastic. What could go wrong?

— Penelope
3:01 pm February 2nd, 2009

Bond has bever met a bill that would help the middle class that he would support!

Obama needs to let these clowns hang when they vote against the will of the people, and also needs to stop being a pushover to the right wing of the GOP!

http://dangerousintersection.org/2009/01/26/obama-is-being-republican-lite/

— Tim Hogan
6:32 pm February 2nd, 2009