Sherrod Brown: “it has happened again. The Timken Company of Canton, Ohio, owned by one of the President's biggest fund-raisers, a place…”

“it has happened again. The Timken Company of Canton, Ohio, owned by one of the President's biggest fund-raisers, a place where the President a year ago said his tax cut policies were working, look at the prosperity of this company, the Timken Corporation closed its doors in Canton, Ohio, laying off 1,300 people. The Bush economic record in Ohio: One out of six manufacturing jobs has disappeared, 177,000 manufacturing jobs in the State are gone, 200 jobs a day have been lost since President Bush took office. The Timken Company sent out a press release 3 weeks ago, bragging about its quarterly sales of $1.1 billion, saying it set some kind of record. The Bush administration economic record over the last 4 years has been to ship jobs overseas, give tax cuts to large corporations; those large corporations have huge profits, then they lay off American workers. It is the same old story. This economic policy is not working for my State of Ohio. It is not working for manufacturing. It is not working for working Americans. It is not working for our communities.”