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Is Buy American Bad for America?

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Is Buy American Bad for America?

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Last winter, a long list of global companies — GE, Siemens, HP, Sony, Caterpillar, Cisco, Dow Chemical, IBM, Microsoft, United Technologies, Xerox and many more — warned the Obama administration in a letter [PDF] that a “Buy American” provision in the $787-billion economic stimulus package would make it harder to get the money out the door to create jobs.

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