Trade: Blame It On Japan

In the wake of Bush's trip to Tokyo, Buy America once again emerges as a war cry for the nation's unemployed

The 11 men and women who sit on the Los Angeles County Transportation Commission had a simple, straightforward assignment: determine which of two competing bidders, Japan's Sumitomo Corp. or Idaho's Morrison Knudsen, would do the best job manufacturing rail cars for the county's new transit system. In mid-December the commission voted 7 to 4 to award $122 million to Sumitomo for the job. But that was before President Bush made his ill-starred trip to Tokyo to wrest trade concessions from the Japanese and a shrill chorus shouting "Buy America" began to drown out all others on the L.A. commission. "No loyal...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!