H.R. 1550, The Consumer Assistance to Recycle and Save (CARS) Act of 2009

Floor Speech

H.R. 1550, THE CONSUMER ASSISTANCE TO RECYCLE AND SAVE (CARS) ACT OF 2009 -- (House of Representatives - June 09, 2009)

(Mr. PETERS asked and was given permission to address the House for 1 minute.)

Mr. PETERS. Mr. Speaker, today the House will consider the CARS Act of 2009. This legislation is critical, not only to spur growth in America's auto industry, but to save and create jobs throughout the economy.

History shows that one of the quickest ways to end a recession is to sell more automobiles. New car sales constitute a major percentage of the Nation's consumer spending, and increasing vehicle sales also stimulates demand for raw goods, from which automobiles are manufactured. Production of glass, steel, plastics, and other primary materials will be increased as more new cars are sold, creating jobs throughout the economy.

Similar programs have shown proven results abroad. In Germany, sales were boosted roughly 40 percent. Many other nations have acted to strengthen their economies with policies designed to sell more automobiles, and the U.S. should not be left behind.

We must pass the CARS Act today to create a recovery, not just for our auto industry, but for the entire economy.

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