Pelosi Statement on Obama Administration Plan for Viable Domestic Auto Industry

WASHINGTON, March 30 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued
the following statement today after President Obama announced the
Administration's plan for a viable domestic automotive industry:

"I share President Obama's goal of a viable and competitive domestic
automotive industry, which is an essential part of America's manufacturing
base and our national security, and a critical source of green jobs for the
future. We need a forward-looking and healthy automobile industry that prizes
innovation and competitiveness.

"The future success of the domestic auto industry depends on the willingness
of all parties to make sacrifices, but sacrifice must be shared and equitable.
As the President said, we must protect taxpayers, promote energy
independence, and preserve a viable auto industry, while protecting as many of
our manufacturing jobs as possible. Continued government support will depend
on the ability of the industry to become viable, innovative, and competitive.

"The automotive industry has long been part of our nation's economic strength,
and it can be again. Congress is committed to working with the President to
renew the auto industry so it can become a global, competitive, and innovative
leader in fuel efficiency and in advanced energy-efficient technologies that
reduce our dependence on oil and protect our environment."

SOURCE Office of the Speaker of the House

Brendan Daly, Nadeam Elshami or Drew Hammill, all of the Office of the Speaker
of the House, +1-202-226-7616