Davos Annual Meeting 2009 - Advice to the US President on Competitiveness

http://www.weforum.org 30.01.2009
Advice to the US President on Competitiveness
According to research by the International Monetary Fund, recessions following financial crises driven by a collapse in housing prices are historically more severe than those of a cyclical nature.

How can the new administration ensure that the US retains its competitive edge in the midst of a deep downturn in housing prices and a dramatic fall in consumer spending?

Ellen J. Kullman, Chief Executive Officer, DuPont, USA
Rupert Murdoch, Chairman and Chief Executive Officer, News Corporation, USA; Co-Chair of the World Economic Forum Annual Meeting 2009
Duncan Niederauer, Chief Executive Officer, NYSE Euronext, USA
David M. Rubenstein, Co-Founder and Managing Director, Carlyle Group, USA
Ronald A. Williams, Chairman and Chief Executive Officer, Aetna, USA

Moderated by
Michael E. Porter, Bishop William Lawrence University Professor, Harvard Business School, USA

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[tonylee1973]

maybe we should nationalize the "federal" reserve?

Paul/Buchanan in 2012

[FarFromEquilibrium]

Its clear, we have to be net exporters and reduce govt overhead and reduce taxes. Thats it, anything else , as in what we're doing instead, makes us more like the failing overburdened, desperate to control govt command states of Europe.

Making us more of a consumer society, ie debt ridden with too much govt involvement in protecting debt driven consumerism is the worst thing we can do, we need to save more, not spend more.