A Quote by Jack Welch
Out-innovating them is the way to beat China. And to do everything that we do in this country to support innovative policy, that drives innovation and new products and more jobs and creates jobs. You can't - you can't put a wall up around here. We tried that in the '30s. It didn't work.
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The Obama Administration cares deeply about innovation and about helping to make sure that geeks across the country, those coming up with new discoveries and exciting inventions - and creating jobs along the way - have the freedom and security to keep innovating.
Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.
Government investment unlocks a huge amount of private sector activity, but the basic research that we put into IT work that led to the Internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in R&D that led the biotech and pharma jobs. And it creates jobs and it creates new technologies that will be productized. But the government has to prime the pump here. The basic ideas, as in those other industries, start with government investment.
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
Building new roads and bridges creates jobs. Growing our exports creates jobs. Reforming our outdated tax system and our broken immigration system creates jobs.
Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
The most important thing we can do is to make sure that we are creating jobs in this country. But not just jobs, good paying jobs. Ones that can support a family.
Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls.
The economy is very sick. We're losing our jobs to China to Japan to every country. We're making horrible trade deals. We are losing jobs in this country. Hundreds and hundreds of thousands of jobs are being lost. And part of the reason is our taxes are so high in this country. I'm also cutting, you know they don't talk about that.
Let me make our goal in this program very clear: jobs, jobs, jobs, and more jobs. Our policy has been and will continue to be: What is good for the American worker is good for America.
Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
If we don't create private sector jobs and just - just creating public sector jobs, we're going nowhere. This is a bad game. You've got to have innovation. You've got to have tax policies that support innovation.
Our biggest challenge in this digital age that we are entering is how do we effectively begin to train people for the jobs that are going to exist and not have them be stuck on jobs that are going to go away? And this is a big deal. And it requires the businesses of this country to, in my opinion, first of all, demand changes in the education system and also develop innovative, creative ways to have industries train people for the skills that are necessary for the jobs that are coming.
This is about putting education absolutely in the centre of enterprise and then using the traditions of Birmingham to inspire and grow. If you have knowledge and business linked together you will grow well, you go further down the innovative path and actually you create more and more jobs. Those jobs will only be available for people with skills but they will be real sustainable employments. That is how important innovation is.
Our goal there, in my view, is to work and lean strongly on China to put as much pressure. China is one of the few major countries in the world that has significant support for North Korea, and I think we got to do everything we can to put pressure on China. I worry very much about an isolated, paranoid country with atomic bombs.
I believe that if we are going to create jobs in this country, then let's create jobs that will absolutely put the working-class people at work to the point where they have one job. They don't have to work three because they have to work Wendy's, McDonald's, and Walmart to survive.
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