The core of the "Buy American" initiative is simple: keep taxpayer dollars within the domestic economy. In the segment, Lesley Stahl reports on the steel industry's successful lobbying for a clause in federal stimulus packages. This mandate required that infrastructure projects, such as bridges and power grids, use American-made steel to "stop the bleeding of jobs" and revitalize the working class.
60 Minutes on US Shipbuilding and the Jones Act - Cato Institute 60 minutes buy american
: American businesses that sell products abroad fear that foreign governments will retaliate by banning U.S. goods in their own government projects. The core of the "Buy American" initiative is
: With only a handful of large commercial cargo ships produced in the U.S. annually (compared to over 1,000 in China), officials warn that a conflict could leave the U.S. isolated from global trade. 60 Minutes on US Shipbuilding and the Jones