it has been a long, hard winter, but spring is almost here, and the news on the economic front continues to improve. Inflation is down. Housing starts are up. Unemployment is down. Consumer confidence is up. And there is good news coming out of Detroit. The current issue of Fortune Magazine arrived in my office yesterday. The cover story: ``The New Golden Age of Automobiles.'' Why U.S. cars and trucks will keep charging ahead. Detroit has reinvented itself, says Fortune. ``Improved industry performance, weakened overseas competition, and a superb array of redesigned cars and trucks all point to a new golden age.'' Too rosy a scenario? Probably not. Mr. Speaker, the auto industry is responding to the low interest rates and the positive economic conditions in this country. The Big Three are beginning to hire again. Mr. Speaker, we must continue to make the tough decisions that will nurture this recovery and put our people back to work in good, high-paying jobs.
Editor's note · Context
Discussing economic improvements and the auto industry's recovery.
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