Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth. |
It's hard to blame productivity growth for a lot of manufacturing job losses. |
The first challenge he has to face ... is where is this economy going right now. |
The I.T.-producing industry itself, with its extraordinarily rapid pace of change, certainly has contributed to overall productivity growth. But now we're getting a bigger share from the rest of the economy. |
The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back. |
The number of people around the world that are really qualified to substitute for American workers is much smaller than people believe. |
The United States is a country where people see the future as better and see themselves as making a better future for themselves. |
They could make the changes they need to make, and move forward, or they could get left behind. The US is better off. We have a full-employment economy. |
While the short-term growth outlook is somewhat weaker, the underlying economic fundamentals remain strong. This is not the time to abandon fiscal discipline in favor of large tax cuts. Maintaining a fiscal surplus helps keep interest rates attractive for investment. |