Fetterman needs to work on not grabbing Isreal flags and waving them in the face of Palestine supporters as they get arrested. Dude is apparently a blind supporter of genocide.
*yall, he didnt work out, thats ok, better to move on early than double down on this loser
Is he under the impression that those jobs are going to…move to Japan?
The Japanese company is trying to buy US Steel specifically because of cheap energy, labor, land, etc in the US.
I get the national security angle, but if US-sourced steel is a national security issue then maybe it shouldn’t be a private company.
Context: Fetterman needs Pittsburgh to win elections. US Steel is a huge emotional thing in Pittsburgh, and the trade wars between American and Japanese industry still are… a lot of people still live in 1985 in the Steel City, shall we say.
I’m not a nationalist, but I feel US should be very protective with its natural resources
how’s he gonna block it, just stand in front of it?
Nippon mentions the Infrastructure Acts supply demand as a motivation for the purchase, but does the Infrastructure Act mandate the steel being used to be produced in America?
Good.
This acquisition is bogus.
I am with him is spirit, but we are capitalists. Wanna change that? I do. Let’s go!
My initial reaction was not entirely dissimilar but I get the feeling that Japan is bailing out a failing US company and will keep it going.
Yeah the US steel industry raped the eastern part of his state to the point where they even took all the pentions with it, when they left. You can also thank the eastern Pa steel industry for inventing things like the state police, so they can beat the workers on strike
This is insane. I don’t believe in much government intervention, but I will agree in this. Who owns Nucor?
If only he had that stance to stop an ‘absolutely outrageous’ genocide
Dude loves bombing innocents in Gaza and fracking bu a failed US Steel sold to Japan is a step too far.
I would also block it , as apparently we are going to start building some new military ships and looking into properties in California. Why sell to Japan when we will be needing tons of steel to build ships. Why should Japan take all the profits
He’s a corrupt politician, so basically he’s signaling to Nippon he needs a campaign contribution before he plays ball.
US Steel seems like a strategic holding. I agree. It should not have foreign ownership. No slur on Japan, but this is a recent experience for western PA/eastern Ohio workers:
This is what free market Capitalism is. Nippon is willing to spend $20 per share more than any American bid. Natural resources should’ve always been the governments property but hey…money can be made otherwise.
If he wants to keep it so bad then push for what Truman wanted and nationalize the steel industry
Oh you mean the genocide supporter?
He’s gonna need to assemble the full Steel Curtain to block this one.
Fetterman is the voice of reason this country needs. Stand up dude.
Whenever a company gets taken over, inevitably they start firing workers. So, of course he’s going to say no to the merger.
Looking at the comments here, I can confidently say nipponophobia is back on the menu.
Thank you for thinking like an American John.
May the force (of Lady Columbia) be with you.
He has my support. Make him go against Donald.
Free market much??
I already got paid selling my shares I bought in the 20s for just over $50 today so I dont care what happens.
But Japan is our ally, they are most likely buying it so they can build and do business in the US (making it here is cheaper than shipping it here) and lastly US Steel has been behind on tech for ages now. Its still gonna be the same Americans working there and Nippon Steel said theyd honor agreements the unions made.
Cleveland Cliffs is just butthurt that so many other companies were interested and they thought theyd get it at a steal because “America” What was that CLF offer, $15 a share + a share of CLF compared to the accepted offer of $55 cash per share? Its just not even close.
Why didnt all these politicians get up in arms over Microsoft buying Activision? Some of the politicians who spoje up in favor of Microsoft recieved $5000 donation to their campaign. Its sad our government can be bought out for so little.
But again, I sold my shares today above $50 so I dont care anymore..Sell it to space martians for all I care. Or just block sales of some ancient relic of a company with outdated tech because “muh America”
A Japanese Corporation or a Chinese State owned Entity? I would take Japanese Corporation any day.
People are going to blame Biden for not stopping this. Steel is one of our blue collar identities. It’s something we should invest in. If we are going to attack our infrastructure issues, a large percentage of the money spent needs to be within our borders, not ordering take out steel and other resources.
Funny how the US used to be the ones seeking out cheap labor. Guys, we got took.
It would be worse for Pennsylvania if Cleveland Cliffs buys US Steel. The HQ jobs in Pittsburgh would likely be axed and the combined company would be headquartered in Cleveland. As a Cleveland person though, I was hoping for that job growth in Cleveland.
32 comments
Fetterman needs to work on not grabbing Isreal flags and waving them in the face of Palestine supporters as they get arrested. Dude is apparently a blind supporter of genocide.
*yall, he didnt work out, thats ok, better to move on early than double down on this loser
Is he under the impression that those jobs are going to…move to Japan?
The Japanese company is trying to buy US Steel specifically because of cheap energy, labor, land, etc in the US.
I get the national security angle, but if US-sourced steel is a national security issue then maybe it shouldn’t be a private company.
Context: Fetterman needs Pittsburgh to win elections. US Steel is a huge emotional thing in Pittsburgh, and the trade wars between American and Japanese industry still are… a lot of people still live in 1985 in the Steel City, shall we say.
I’m not a nationalist, but I feel US should be very protective with its natural resources
how’s he gonna block it, just stand in front of it?
Nippon mentions the Infrastructure Acts supply demand as a motivation for the purchase, but does the Infrastructure Act mandate the steel being used to be produced in America?
Good.
This acquisition is bogus.
I am with him is spirit, but we are capitalists. Wanna change that? I do. Let’s go!
My initial reaction was not entirely dissimilar but I get the feeling that Japan is bailing out a failing US company and will keep it going.
Yeah the US steel industry raped the eastern part of his state to the point where they even took all the pentions with it, when they left. You can also thank the eastern Pa steel industry for inventing things like the state police, so they can beat the workers on strike
This is insane. I don’t believe in much government intervention, but I will agree in this. Who owns Nucor?
If only he had that stance to stop an ‘absolutely outrageous’ genocide
Dude loves bombing innocents in Gaza and fracking bu a failed US Steel sold to Japan is a step too far.
I would also block it , as apparently we are going to start building some new military ships and looking into properties in California. Why sell to Japan when we will be needing tons of steel to build ships. Why should Japan take all the profits
He’s a corrupt politician, so basically he’s signaling to Nippon he needs a campaign contribution before he plays ball.
US Steel seems like a strategic holding. I agree. It should not have foreign ownership. No slur on Japan, but this is a recent experience for western PA/eastern Ohio workers:
https://www.post-gazette.com/news/crime-courts/2022/02/20/Ihor-Kolomoisky-US-banks-warren-ohio-steel-plant-ukraine/stories/202202200063
https://en.wikipedia.org/wiki/Ihor_Kolomoyskyi
This is what free market Capitalism is. Nippon is willing to spend $20 per share more than any American bid. Natural resources should’ve always been the governments property but hey…money can be made otherwise.
If he wants to keep it so bad then push for what Truman wanted and nationalize the steel industry
Oh you mean the genocide supporter?
He’s gonna need to assemble the full Steel Curtain to block this one.
Fetterman is the voice of reason this country needs. Stand up dude.
Whenever a company gets taken over, inevitably they start firing workers. So, of course he’s going to say no to the merger.
Looking at the comments here, I can confidently say nipponophobia is back on the menu.
Thank you for thinking like an American John.
May the force (of Lady Columbia) be with you.
He has my support. Make him go against Donald.
Free market much??
I already got paid selling my shares I bought in the 20s for just over $50 today so I dont care what happens.
But Japan is our ally, they are most likely buying it so they can build and do business in the US (making it here is cheaper than shipping it here) and lastly US Steel has been behind on tech for ages now. Its still gonna be the same Americans working there and Nippon Steel said theyd honor agreements the unions made.
Cleveland Cliffs is just butthurt that so many other companies were interested and they thought theyd get it at a steal because “America” What was that CLF offer, $15 a share + a share of CLF compared to the accepted offer of $55 cash per share? Its just not even close.
Why didnt all these politicians get up in arms over Microsoft buying Activision? Some of the politicians who spoje up in favor of Microsoft recieved $5000 donation to their campaign. Its sad our government can be bought out for so little.
But again, I sold my shares today above $50 so I dont care anymore..Sell it to space martians for all I care. Or just block sales of some ancient relic of a company with outdated tech because “muh America”
A Japanese Corporation or a Chinese State owned Entity? I would take Japanese Corporation any day.
People are going to blame Biden for not stopping this. Steel is one of our blue collar identities. It’s something we should invest in. If we are going to attack our infrastructure issues, a large percentage of the money spent needs to be within our borders, not ordering take out steel and other resources.
Funny how the US used to be the ones seeking out cheap labor. Guys, we got took.
It would be worse for Pennsylvania if Cleveland Cliffs buys US Steel. The HQ jobs in Pittsburgh would likely be axed and the combined company would be headquartered in Cleveland. As a Cleveland person though, I was hoping for that job growth in Cleveland.
Evil liar, what he says means nothing