Political Quotes

James Traficant: “CSC Steel Company in my district has filed for bankruptcy protection, laying off 500 people. The reason is clear…”

On the recordJanuary 30, 2001
CSC Steel Company in my district has filed for bankruptcy protection, laying off 500 people. The reason is clear: foreign steel is being illegally dumped into America at record levels. Now if that is not enough to polish your stainless, the Clinton administration last month allowed an $18 million loan guarantee to a Chinese steel company. Beam me up. Yes to Chinese steel; no to American steel. Is it any wonder the American steel industry is going belly up? I urge Congress to cosponsor House Resolution 16, that caused a 50 percent reduction of imports in 1998. I yield back the fact that Congress cannot defend America with Styrofoam.
Said by
James Traficant
Ohio
Source
govinfo.gov

Editor's note · Context

Addressing the impact of foreign steel dumping on American steel companies.

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