11/10/2008- Editorial on the Economy November 13, 2008 |
After a long and tough election year, Congress has serious work to do in the coming months and I look forward to continuing that work as your Representative in the 111th Congress. As you know, Congress recently passed the Emergency Economic Stabilization Act to help stabilize the credit markets... |
September 2, 2008 The Environment: A Top Priority |
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August 14, 2008: Working In the District |
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August 4, 2008: August Congressional Update |
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July 25, 2008:Transportation, Housing, and Foreign Aid Update |
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Auto Industry Recovery |
One of the industries hardest hit by the financial crisis is our country’s auto industry. With the continuing constraints on credit, automakers are finding it increasingly difficult to find the means to invest in new technologies, consumers are unable to get loans to purchase new vehicles, and auto supply businesses are sinking. The Please provide me with how you believe Congress should resolve this issue by taking the poll in the accompanying box of this section. |
One of the industries hardest hit by the financial crisis is our country’s auto industry. With the continuing constraints on credit, automakers are finding it increasingly difficult to find the means to invest in new technologies, consumers are unable to get loans to purchase new vehicles, and auto supply businesses are sinking. The U.S. auto industry’s impact on our economy is widespread. In New Jersey alone, 42,400 jobs are currently tied to the auto industry with 2,692 jobs in the 13th district. Statewide these jobs amount to almost $600 million in quarterly wages.