President Obama Is Promoting Innovation, Exports and Industry

My good friend and old buddy Rich Miller has an insightful piece in BBW that talks about the NEW MIX—Exports and Business Investment—of economic categories that could well replace the OLD MIX of consumption and housing in the US. This is hugely important because if the US can redesign its economy to focus on making, not just consuming, and exports, not just imports, it can grow faster than current estimates and cut both the budget deficit and unemployment rate a lot faster than most people in Washington now believe.

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