"We are encouraged President Bush and the Administration will be focusing on ways to grow the economy in the 108th Congress. The proposal introduced today by President Bush is a good beginning to a healthy debate on what will best produce long-term growth for the U.S. economy," said Ron Turner.
"Any proposal for economic growth must restore confidence across the board – for consumers, for investors and for the business sector," Turner continued. "Heavy emphasis needs to be placed on long-term growth through capital investment, job creation and product innovation."
"The business sector needs to see a significant reduction in risk before it will resume the spending needed to breathe life into the stock market and lift the U.S. economy as a whole," said Dave McCurdy.
"Without incentives for expanded capital expenditure and increased research and development, the electronics industry – and U.S industry in general – will almost certainly continue to struggle. In 2001, factory sales in the U.S. electronics sector fell from $520 billion to $430 billion, and the industry saw a net loss of about 62,000 jobs. This year’s economic growth plan must address the loss of jobs and capital from the engine of the U.S. economy: businesses such as electronics and telecommunications equipment manufacturers.
"We look forward to working with the Administration and Congress to develop the best strategy to restore confidence for business investment and create new jobs for American workers."
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