Economic Leadership

Our economy has become more global, dynamic and technology-driven. While governments don’t create economies, they certainly enact policies that make it easier or more difficult for economies to thrive.

Our government must pursue policies that will lead to higher rates of growth and innovation. We need to recognize that U.S. companies face new global competitive realities. Our government should create incentives and support for American companies, particularly small businesses, to grow and create American jobs at home. We need to invest in public and private institutions that will help grow a New Economy infrastructure. We need to make sure that our workforce has the necessary skills to use the new technologies that are increasingly used in today’s modern workplace.

As a government, we have the ability to make investments that will drive growth for all Americans – investments in new skills for our workers, research and development and new equipment which will create the jobs of the future. As our economy continues to evolve along this new path, a responsible government must also ensure that its leaders chart a course towards fiscal responsibility because a balanced federal budget is one of the key government policies that sets the stage for strong economic growth. Furthermore, a balanced federal budget and a declining national debt also translates into lower interest rates for businesses and consumers, meaning lower mortgage payments, student loan payments and business loans for all Americans.

The Puget Sound region is a diverse and fundamentally healthy economy. I have worked with my colleagues in Washington state to assist workers, bolster businesses, build the infrastructure we need for a strong economy, and improve education so that we can continue to have the best workforce in the country.