Tim Ryan: “we lost another one. WCI Steel, Incorporated, in Warren, Ohio, filed Chapter 11 bankruptcy just yesterday, one of the…”

“we lost another one. WCI Steel, Incorporated, in Warren, Ohio, filed Chapter 11 bankruptcy just yesterday, one of the last major steel mills in the old ``steel valley'' that ran through Ohio and Western Pennsylvania. 1,740 workers are just going to hope they get a paycheck on Thursday. They have been bleeding cash for the last 3 years. Losses in 10 of its last 11 quarters produced $163.6 million in red ink. The ultimate irony, this happened just a few days within the anniversary of 1977 when the closing of Youngstown Sheet and Tube's Campbell Works that wiped out nearly 5,000 jobs in one day. This has been going on since 1977. It is time for this country to adopt a manufacturing policy that is going to start creating jobs back in the good old U.S. of A, not tax cuts for the top 1 percent but targeted tax cuts to allow investment here in the United States of America. It is not going to happen with smoke and mirrors. It is not going to happen with the press conference. We are getting our clock cleaned by China, and it is time the United States wakes up just before it is too late.”