John Hennessy III,
P.E.
ECONOMIC POLICY INSTITUTE
The U.S. steel industry is facing its worst import crisis in more than a decade. In the aftermath of the Great Recession, steelmakers in other countries, backed by aggressive government support, continued to add production capacity as demand stagnated. The open and large U.S. market became the prime target for the massive excess supply stemming from this excess capacity, and, since 2011, U.S. steel imports have surged and import unit values have plummeted.
Ethan Pollack joined the Economic Policy Institute in July 2008. Prior to joining EPI, he worked at the Office of Management and Budget and the George Washington Institute of Public Policy. His areas of interest include public investment, fiscal policy, transportation, and budget and tax policy. His work has been used in numerous publications, and he has appeared as a guest on CNN, Fox News, BBC World News, Canada TV, Russia Today, and WNYC.
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ECONOMIC POLICY INSTITUTE
Transportation investments represent an opportunity for Congress to kick the economy into a higher gear by creating millions of well-paying jobs while simultaneously boosting the condition and performance of our nation’s transportation system.
BLUEGREEN ALLIANCE & ECONOMIC POLICY INSTITUTE
Economic models estimate about 7,800 green jobs are created for every billion dollars of freight rail capital investment. Furthermore, the industry has nearly doubled the amount of goods it has shipped without increasing fuel consumption over the past three decades, and creates a fraction of the pollution of other transport modes such as trucking and aviation. Its continued growth will generate green jobs, reduce dependence on foreign oil and contribute to solving climate change.
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