I had the honor of attending President Obama's visit to the ArcelorMittal steel plant in Cleveland - a visit that underscored the incredibly important role the auto industry plays in Ohio's economy.
During the darkest days of the Great Recession, ArcelorMittal had to furlough workers when General Motors and Chrysler teetered on the brink of collapse. But thanks to President Obama's auto rescue plan, U.S. automakers are alive today and those furloughed steelworkers at ArcelorMittal are back at work.
In fact, business is so good that ArcelorMittal has hired an additional 150 workers and the company is now the largest supplier of steel to the U.S. auto manufacturing sector. The resurgence of the auto industry is also evident at the assembly lines in Avon Lake and Lordstown.
It's frightening to think what our economy would be like if GM and Chrysler had fallen into unfettered bankruptcy. Some experts estimate that a million jobs would have been lost nationwide. That type of job loss would have devastated families and communities across northeast Ohio.
But because of the president's leadership and the hard work and dedication of Ohio workers like the ones at ArcelorMittal, we avoided that catastrophe and saved the jobs of tens of thousands of Ohioans.
- State Sen. Eric H. Kearney, Senate Minority Leader