“If we are to better the future we must disturb the present.”
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If we are to garner sustained U.S. domestic support for future trade agreements, we have to make sure those Americans who have suffered as a consequence of past agreements have an effective social safety net, adjustment assistance, opportunities for retraining and new job creation that enables all Americans to thrive.
The Marshall Plan was after destruction, and the U.S. came to our help and obviously this was very, very important for the future of Europe. I think now we have all the capabilities of doing it on our own and, in a sense, we have to.
We shall be better prepared for the future if we see how terrible, how doomed the present is.
We've demonstrated a strong track record of being very disciplined with the use of our cash. We don't let it burn a hole in our pocket, we don't allow it to motivate us to do stupid acquisitions. And so I think that we'd like to continue to keep our powder dry, because we do feel that there are one or more strategic opportunities in the future.
