Speech #870057687

Mandated costs placed upon American production by Government edict. directly or indirectly. are the factors that cause the flood of imports. Some shortsighted American producers want quotas because they foolishly think this guarantees them a market in the favored countries domestic markets. This is so unsound that the history of a single commodity ought to convince these shortsighted Americans of the weakness of the quota system. To prove this point. in an industry thatto datedoes not seem to be worried about imports from an industrywide base. let me quote some statements from Blast. the Colorado Fuel & Iron Corp.s magazine. by the president. A.