ISSUES: and Reading Between the Lines

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House Republicans "like border security as an issue perhaps more than they like border security as a solution." Ruth Marcus from WaPo on PBSNH 23/12/15

Republicans have been using U.S. national security as vague symbol of amorphous peril, a conduit for alarm, but not remedy.
In practice when it comes to funding Ukraine in its War against Russia U.S. national security may seem more a political pawn.
 

Japan's Nippon Steel to acquire U.S. Steel for $14.9 billion​

By Shivansh Tiwary and Anirban Sen / December 18, 2023
U.S. Steel Edgar Thompson Works is seen in Braddock, Pennsylvania, U.S. November 4, 2022. REUTERS/Quinn Glabicki/File Photo Acquire Licensing Rights

Dec 18 (Reuters) - Japan's Nippon Steel (5401.T) clinched a deal on Monday to buy U.S. Steel (X.N) for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs (CLF.N), ArcelorMittal (MT.LU) and Nucor (NUE.N).
The deal price of $55 per share represents a whopping 142% premium to Aug. 11, the last trading day before Cleveland-Cliffs unveiled a $35-per-share, cash-and-stock bid for U.S. Steel. It is a bet that U.S. Steel will benefit from the spending and tax incentives in President Joe Biden's infrastructure bill.


$14.9 $B seems like a bargain (a "steal"?) to me.
The following is a little history of U.S. Steel.

Andrew Carnegie​

American industrialist and philanthropist (1835–1919)​



Andrew Carnegie (English: kar-NEG-ee,Scots:[kɑrˈnɛːɡi]; November 25, 1835 – August 11, 1919) was an American industrialist and philanthropist. ...
Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to J. P. Morgan in 1901 for $303,450,000 (equal to $10,674,160,000 today); it formed the basis of the U.S. Steel Corporation. After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American of the time.
More from Wikipedia

Patronizing low-cost producers is the American way.
But surrendering the U.S. industrial base for steel and Silicon may prove penny wise and pound cataclysmic for the U.S., in the event the U.S. ends up at war against Asia.

Thus there's more to this story than it may seem.
"Every Presidential campaign is an epidemic of economic illiteracy, but this year is a particularly egregious case when talking about the manufacturing [jobs] crisis. What that means is manufacturing employment as a percentage of total employment is declining. True. [It] Has been for 60 years. We make steel today, we made steel 20 years ago. We just make 1/3 more steel today with 2/3 fewer steel works who have gone on to other points of employment. If we have a crisis in manufacturing ... we have a calamity in agriculture, because in 1940 19% of our employers were in agriculture, 4% by 1970, 2% today. That's a triumph of American productivity, not a problem." George Will
Click to expand...
"All honors wounds are self-inflicted." industrialist Andrew Carnegie, (born November 25, 1835, Dunfermline, Fife, Scotland—died August 11, 1919, Lenox, Massachusetts, U.S.) - source: Britannica.com ​
 
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