If you don't have a large and energetic steel industry you aren't a global power. It is just that simple.

We allowed ourselves to be talked into the notion that we are all one big happy family. It doesn't matter where stuff is made. It doesn't matter where the jobs are performed. Americans can sit back and manage these industries, trade our houses to each other for higher and higher prices, and we'll all retire as millionaires.

An absurd notion that was just dumb enough to appeal to GW Bush. And Alan Greenspan I might add.

It does matter who manufactures goods. You see, real wealth is created by those who save and produce not by those who borrow and consume. This ideal was the backbone of the American system of economics for decades. And it worked. And it created a middle class of those who produced the goods that powered America.

Right up until supply side silliness took over as the in vogue theory.

Will

Smellin' a lot of 'if' coming off this plan.