[Congressional Record Volume 140, Number 30 (Thursday, March 17, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 17, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1020
 
                         THE IMPROVING ECONOMY

  (Mr. BROWN of Ohio asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. BROWN of Ohio. Mr. Speaker, 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.

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