Safety reasons, then say no. But dont let no be the final answer. The American People have an expectation that their tax dollars are going to be used to move america forward. Not to put on the brakes, kill jobs, ruin families and make america less competitive in future generations. I believe if we had that kind of energy vision, we would once again see americas innovative wheels begin to turn. We would see young people lining up to get into technical programs and College Programs to prepare them for careers in energy development, Domestic Energy development. We would see millions of jobs created. We would see industries crop up. We would see a resurgence in manufacturing. We would see america go back to work. The would put in play American Dream once again for millions of americans, millions of middle class americans who have begun to think that perhaps the American Dream doesnt apply to them anymore. The American Dream is still alive and well in our country and all we have to do, all
Why we have not anticipated the relatively slow growth. Its important to recognize that what Monetary Policy affects is not the potential rate of growth, long run. Rather, the cyclical part, the deviation of output and employment from its normal level. In predicting the amount of slack in the economy, so to speak, we have done a little better. Our predictions of unemployment, for example, have been better than our predictions of growth and, in particular, one thing has been quite striking is that unemployment we were too pessimistic on unemployment for this year. Unemployment has fallen faster than we anticipated. In that respect, we were too pessimistic rather than optimistic. We will continue to do the best we can. We are looking again to see confirmation of our broader scenario which basically is that we will continue to see progress in the labor market and growth will be sufficient to support that progress and inflation will move back toward target and thats what weve what will det