many of my colleagues have talked about before we go home, we must pass a stimulus package. I agree that we cannot go home without doing something for the people who have lost their jobs as a result of the recession and the attack on our country. And we must do something for the steelworkers so they do not become part of the people collecting unemployment insurance in our community. We have to protect the retirees for the health benefits that they are currently receiving. We need to do this because the price of steel in this country is below cost, international cost, because our trade policies have allowed dumped, subsidized steel to come into the United States. Our own trade policy has reduced capacity so we have what is known as legacy cost, high cost for the steel industry for retirees. This House, this body, must pass legislation helping the steel industry before we leave town. It is our responsibility to do it. We must create a level playing field. If we do, steel in the United States can compete with steel produced anywhere in the world on quality and cost. Yes, we must pass legislation before we go home.
Editor's note · Context
Addressing the need for a stimulus package and support for the steel industry.
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