When the Smoot-Hawley bill landed on President Herbert Hoover’s desk, more than 1,000 economists urged him to veto it. Tragically, the president ignored their pleas. Elaine Chao Read Quote
European-style interventions to which the Obama administration is inclined will not make America more competitive in the world-wide economy. Such policies will not increase growth, will not decrease unemployment, and will not increase wages for workers. Elaine Chao Read Quote
The Democratic Party’s governing elite has long believed there is no problem that European-style policies cannot cure. Elaine Chao Read Quote
The Obama administration likes to say that it is ‘pro-worker.’ But something is amiss when its labor priorities are forcing unionization and labor contracts on American workplaces, and denying union members information on how their dues money is spent. Elaine Chao Read Quote
Activist shareholder resolutions do not have to pass to succeed. The process itself can be so injurious to a company that management will cave to demands. Elaine Chao Read Quote
Consider trade protectionism. It’s been tried – and found wanting – since the Great Depression. Elaine Chao Read Quote
To maintain their own competitiveness, workers need to attain and stay current on the qualifications needed to advance in a constantly evolving economy. Elaine Chao Read Quote
America needs a new approach to boost the economy – one that does not doom future generations to being saddled with paying off today’s federal deficits. Elaine Chao Read Quote