I won’t hold my breath, but what we need is more captains of industry coming right out and saying: “We had planned a massive development which would have generated hundreds of good jobs, BUT based on the anti-growth policies being pursued in Washington, we cannot go forward. When our government once again respects property rights and free markets and sound money, then we will consider going forward.”
I’ll bet Obama’s cap and trade tax was also a big factor in the project shut down. Adding higher taxes to crippled industries tends to do that.
Why would anyone in their right mind go forth with a project like that while cap and trade is under consideration by Congress? Reid and Pelosi at the behest of the Obamateur are doing everything in their power to kill the economy.
Wow. That’s huge for the Burgh.
There is still a U.S. Steel company?? Who knew?
This is bad news indeed.
The market should rally up 100 point on this news. It seems that the fool at Wall Street are enjoying bad economic numbers.
Hank Rearden. Paging Mr. Rearden. Please pick up the white courtesy phone.
Meanwhile, nonunion Nucor plows ahead...