The Hill News

At a time when our economy is struggling and millions of Americans are out of work, we should take advantage of any solid opportunity that will bring international investment and jobs into our economy. The recent news that two U.S. Senators from other states are opposing a U.S. Department of Energy loan, for a steel project that will create needed jobs in my home state of Michigan, demonstrates that we have entered into the season where election-year rhetoric is not serving the best interests of the United States.

Michigan’s economic challenges and the urgent need for new U. S. jobs are well known. The loan guarantee in question, to a Russian company named Severstal, is good news for Michigan and for the United States.  Severstal received the loan to retool and expand its automotive steel operations in Dearborn, Michigan, where it earlier purchased Rouge Steel Company, seven years ago in 2004. 

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