Why Trump Should Switch Sides on U.S. Steel-Nippon Merger

The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.

Opposing the combination is the petulant, insular leadership of the United Steelworkers (USW), listing a series of trumped-up grievances. Apparently their biggest gripe is their little cabal was not properly consulted. If the USW executives want to call the shots, maybe they should buy the company. That’s hardly likely, as the USW can’t seem to get out of the steel business fast enough, organizing nurses, college grad students and pretty much anyone else from whom they can snatch their 1.45 percent payroll tax (I mean “dues”).

Read the entire article HERE: US Steel-Nippon Steel merger: Will political buffoonery prevail?