The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead. ↗
For the first time in the history of mankind, one generation literally has the power to destroy the past, the present and the future, the power to bring time to an end. ↗
We should face reality and our past mistakes in an honest, adult way. Boasting of glory does not make glory, and singing in the dark does not dispel fear. ↗
And, in the past, it has been all too easy for legislators to load costs onto business in order to meet broader social goals. And costs for business means costs for consumers. ↗
My view is that targets, properly constructed and applied across public services have been fundamental to past successes and will be an essential part of sustaining progress into the future. ↗