James Oberstar: “I just want to raise a cautionary note, that in doing so we do not scare business away from the United States from…”

“I just want to raise a cautionary note, that in doing so we do not scare business away from the United States from foreign manufacturers. I am very strong on Buy America, I insist on it in the Federal aid highway program on steel, but there was a time in which 70 percent of the value and the parts of Airbus aircraft were manufactured in the United States. As we got into the wars over agriculture with the European community, the Airbus consortium pulled back from its placing of business in the United States, and we have lost ground in the manufacturing of Airbus parts in the United States, and the same is occurring in other areas. I just want to be sure in the process we are not scaring away business from the United States while legitimately protecting our own interests.”