Former Speaker of the House Newt Gingrich addresses how the U.S. can compete with China and India.
1 min. 30 sec.
MP3 File
Tuesday, May 16, 2006
Former Speaker of the House Newt Gingrich addresses the expansion of U.S. science to U.S. Chamber of Commerce members.
2 min. 5 sec.
MP3 File
2 min. 5 sec.
MP3 File
Monday, May 15, 2006
Secretary of Treasury addresses Leaders
The Secretary of the Treasury, John Snow spoke on the current economy of the United States as well as the future projections during the US Chamber Access 2006 program in Washington DC.
He says the economy is strong and moving forward in a positive way. When he started the economy was under performing and fragile, now with tax cuts that he'd like to see as permanent, the last 3 years have brought lowering of taxes that improves the economy, adds jobs, real wages, while increasing government income as well.
Growth is at 4% over the last 3 years, real wages are up, revenues are up (highest the government has ever had), GDP is up and there are 5.2 million jobs. The corporate tax receipts are up as are individual tax receipts.
His next quest is to get rid of the death tax. He says it's time to end the double taxes.
Sec. Snow believes that the national debt will come down and that the economy will meet and exceed the president's effort to cut the debt in half.
Looking ahead, how can we continue this 4% growth rate over the next 10 years? Sec. Snow says that increased job participation rate, capital investment, and innovation & technology are key to keeping the economy growing at this high rate.
He says the economy is strong and moving forward in a positive way. When he started the economy was under performing and fragile, now with tax cuts that he'd like to see as permanent, the last 3 years have brought lowering of taxes that improves the economy, adds jobs, real wages, while increasing government income as well.
Growth is at 4% over the last 3 years, real wages are up, revenues are up (highest the government has ever had), GDP is up and there are 5.2 million jobs. The corporate tax receipts are up as are individual tax receipts.
His next quest is to get rid of the death tax. He says it's time to end the double taxes.
Sec. Snow believes that the national debt will come down and that the economy will meet and exceed the president's effort to cut the debt in half.
Looking ahead, how can we continue this 4% growth rate over the next 10 years? Sec. Snow says that increased job participation rate, capital investment, and innovation & technology are key to keeping the economy growing at this high rate.
Clinton Addresses Forum
Hillary Clinton, the possible frontrunner for the Democratic party in the 2008 presidential election addressed the Owatonna business leaders as well as the rest of the US Chamber forum during the Access 2006 program in Washington DC.
Clinton outlined the challenges that she believes we have as a country moving forward, including health care, education, energy, and fiscal responsibility.
Health Care-Information technology needs to be better. There should be a national framework for this and a single form for all insurance companies.
Education-Need to invest earlier in our kids and keep the doors of college open for everyone
Energy-reduce the dependance on foreign oil. Force oil companies to change by using flex fuels and providing tax incentives to purchase more efficient vehicles. Also that we need better energy efficiency in our buildings.
Fiscal Responsibility-important for the government to grow the current situation is not good because we've got our 'hat in hand' when dealing with other countries because they're loaning us billions of dollars. She wants to see the US back on a pay as you go like in the 90's. Likened the deficit to a 'ticking time bomb'.
Clinton outlined the challenges that she believes we have as a country moving forward, including health care, education, energy, and fiscal responsibility.
Health Care-Information technology needs to be better. There should be a national framework for this and a single form for all insurance companies.
Education-Need to invest earlier in our kids and keep the doors of college open for everyone
Energy-reduce the dependance on foreign oil. Force oil companies to change by using flex fuels and providing tax incentives to purchase more efficient vehicles. Also that we need better energy efficiency in our buildings.
Fiscal Responsibility-important for the government to grow the current situation is not good because we've got our 'hat in hand' when dealing with other countries because they're loaning us billions of dollars. She wants to see the US back on a pay as you go like in the 90's. Likened the deficit to a 'ticking time bomb'.
Thursday, May 11, 2006
Gingrich Speaks Business In DC
Several applause stops spotted a speech by former Speaker of the House Newt Gingrich during the Owatonna business visit to DC with the Minnesota and US Chambers of Commerce. The Gringrich speech highlights include:
-Compliments to business-people who know what needs to be done in DC but are too busy in their own business to do their civic work and don't often break down the doors of government.
-Science will change dramatically over the next few years which means more knowledge with more advanced technology.
-The US will need to transform itself to compete with China and India by changing: litigation, regulation, taxation, and security.
-Citizens need to be the immediate response to issues. Gingrich mentioned several examples of private business being many times more efficient than government and even joked that it might have been better for New Orleans if FEMA hadn't found its way there.
-Health Savings Accounts need to be implemented by employers so that employees are invested in their health care. Prevention and wellness is key piece of overall health of country.
-Education-interesting idea to pay kids money for math and science scores with grades of B or better in the poorest neighborhoods of America.
We'll have full audio of Gingrich's speech shortly on this site.
-Compliments to business-people who know what needs to be done in DC but are too busy in their own business to do their civic work and don't often break down the doors of government.
-Science will change dramatically over the next few years which means more knowledge with more advanced technology.
-The US will need to transform itself to compete with China and India by changing: litigation, regulation, taxation, and security.
-Citizens need to be the immediate response to issues. Gingrich mentioned several examples of private business being many times more efficient than government and even joked that it might have been better for New Orleans if FEMA hadn't found its way there.
-Health Savings Accounts need to be implemented by employers so that employees are invested in their health care. Prevention and wellness is key piece of overall health of country.
-Education-interesting idea to pay kids money for math and science scores with grades of B or better in the poorest neighborhoods of America.
We'll have full audio of Gingrich's speech shortly on this site.
US Chamber President Addresses Owatonna Business
Part of the Owatonna business visit to Washington DC included an excellent panel of speakers. Tom Donahue, President/CEO of the United States Chamber of Commerce addressed several hundred small business people this morning and touched on the following:
-Small business is why the US economy is doing so well versus Europe where unemployment is high-small business people get up early and stay late to get it done.
-The message is that we're here as businesses to kick some butt at capitol hill.
-Government needs to create a good environment for business and then get out of the way!!
-The US Chamber is now getting into K-12 education, after stating some very sobering statistics about low graduation rates, unskilled workers, etc, lead Donahue to ask, "What the hell are we doing?"
-Outlined three priorities when dealing with Immigration: 1. Safety of the country, 2. future of the workforce, 3. Who we are-country of immigrants, what do we want our country to look like?
-Small business is why the US economy is doing so well versus Europe where unemployment is high-small business people get up early and stay late to get it done.
-The message is that we're here as businesses to kick some butt at capitol hill.
-Government needs to create a good environment for business and then get out of the way!!
-The US Chamber is now getting into K-12 education, after stating some very sobering statistics about low graduation rates, unskilled workers, etc, lead Donahue to ask, "What the hell are we doing?"
-Outlined three priorities when dealing with Immigration: 1. Safety of the country, 2. future of the workforce, 3. Who we are-country of immigrants, what do we want our country to look like?
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