“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.”
“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.”
“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.”