As a follow-up to yesterday's post, here is a passage from Larry Summers' March 13, 2009 speech that speaks of the importance of economic strength in achieving broader societal goals:
“Our single most important priority is bringing about economic recovery and ensuring that the next economic expansion, unlike it’s predecessors, is fundamentally sound and not driven by financial excess.
This is essential. Without robust and sustained economic expansion, we will not achieve any other national goal. We will not be able to project strength globally or reduce poverty locally. We will not be able to expand access to higher education or affordable health care. We will not be able to raise incomes for middle class families or create opportunities for new small businesses to thrive.”
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Our national goal to achieve a sustainable recovery (or what I frequently refer to as "Sustainable Prosperity") has been and will continue to be a challenge, given various underlying fundamentals.
In order to achieve "Sustainable Prosperity" we will need to have a solid focus on planning our economic future and its dynamics. Toward this end, I wrote an article in May of last year titled "America's Economic Future - 'Greenfield' or 'Brownfield'?" which can be found here:
http://sites.google.com/site/prosperitybypen/articles-1/america-s-economic-future---greenfield-or-brownfield-
That article, as well as others I have written, explores some of what I believe are pivotal issues that lack recognition with regard to our economic future.
All of my articles are also listed and summarized at this link:
http://sites.google.com/site/prosperitybypen/system/app/pages/sitemap/hierarchy
SPX at 1075.51 as this post is written
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