I do not agree with S. 4 because I think that it is industrial policy. I believe that industrial policy is an issue which should be debated before our country, as well as before the Senate. I do not believe that the Department of Commerce should be operating what amounts to a slush fund of grants to specific businesses. I do not believe that the Federal Government should be in the business of picking winners and losers in the private sector. I think that the marketplace should function for that purpose, not the Federal Government. That to me is the big issue that is before us and should be before us and should be debated.
John Danforth: “I do not agree with S. 4 because I think that it is industrial policy. I believe that industrial policy is an issue…”
Editor's note · Context
Opposing S. 4 and discussing the role of government in industrial policy.
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