President Obama Visits Wisconsin Today

Posted by scapozzola on 06/30/2010

President Obama is visiting Wisconsin today.  Hopefully the President will focus his attention on revitalizing the state's hard-hit manufacturing sector which has lost 158,500 manufacturing jobs in the past decade.  Wisconsin's paper industry is particularly threatened by subsidized exports from China, with more than 38,000 jobs at risk.  In fact, a recent study shows the U.S. trade deficit with China costing Wisconsin more than 52,000 jobs between 2001 and 2008. Regarding the President's trip to Wisconsin, Alliance for American Manufacturing (AAM) Executive Director Scott Paul said: “The President needs to outline his strategy to revitalize manufacturing jobs in Wisconsin.  That’s the only path to true economic recovery.  And, it’s a strategy the American people desperately want.  The stimulus alone will not do the trick.” Compounding Wisconsin's woes is the problem facing Bucyrus International Inc., a major manufacturer in the area.  This past weekend, the U.S. Export-Import bank denied the company a loan guarantee for mining equipment that would have been sold to India.  The decision put an estimated 1,000 jobs in jeopardy.  On Monday, Senator Russ Feingold (D-WI) wrote to the head of the Export-Import bank asking that it reconsider its decision. Bottom line: Wisconsin, like the rest of the U.S. needs strong action right now to help save manufacturing jobs that are being threatened by illegally dumped and subsidized imports.

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