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" In the best of years, millions of jobs are lost. "
Elaine Chao
Jobs
Years
Best
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" Taxpayers should demand that their states honestly assess public pension plans, accurately measure the assets and liabilities, and take steps to provide fair benefits to public employees that limit taxpayers' liability. "
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" Around the time President Lyndon B. Johnson was declaring a War on Poverty in the 1960s, federal, state and local governments began accelerating a veritable War on the Private Sector. "
Elaine Chao
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" Rising energy costs kill jobs and hit America's poorest the hardest. "
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Energy
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" Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year. "
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Healthy
Lost
America
" Three years after the four deepest previous recessions began - in 1953, 1957, 1973 and 1981 - employment was on average 4.7% higher than the pre-recession peak. "
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Average
Deepest
Three
" 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
Company
Succeed
Management
" To foster entrepreneurship, expansion and job creation, more leaders at all levels of government have to demonstrate some understanding of what it takes to build and grow businesses in the private sector. "
Elaine Chao
Job
Understanding
Government
" Because of these layaway angels, many children did not have to wonder why Santa skipped them in 2011. "
Elaine Chao
Why
Because
Children
" It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need. "
Elaine Chao
Life
Death
Time
" It's not coincidental that America's vigorous recovery in the early 1980s was led by a president who worked hard to unshackle growth in the private sector. "
Elaine Chao
America
Early
Growth
" Our country needs to produce 250,000 net new jobs every month just to keep even with population growth. "
Elaine Chao
Month
New
Country
" The greatest job creation is driven by entrepreneurs and young businesses, so they merit special attention. "
Elaine Chao
Young
Attention
Creation
" 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
Him
Desk
Economists
" News-free existence is not a serious proposal, but it is worth noting that while today's 24/7 media environment is wonderful in many ways, it can also be like drinking out of a fire hose and intensify a downward reinforcing cycle of despair. "
Elaine Chao
Environment
Fire
Serious
" My parents were very, very strict parents, and they were not used to this new, you know, American custom of letting your children sleep in someone else's house. "
Elaine Chao
Parents
Children
Sleep
" The expenses of complying with Washington's torrent of mandates and regulatory overreach are costing American workers jobs and income growth. "
Elaine Chao
Washington
Growth
American
" As we celebrate Women's History Month this March, it's important to remember the key role women have played in promoting a better understanding and relationships between our country and the rest of the world. "
Elaine Chao
Celebrate
History
Rest
" The ingenuity and creativity of the private sector is essential to meeting American's needs for a skilled work force. "
Elaine Chao
Creativity
American
Work
" For any trade deal to move forward, there has to be agreement. "
Elaine Chao
Deal
Move
Forward
" We have many rules and regulations that can be sometimes confusing and complicated. By reaching out to the employer community and educating them on what their responsibilities and obligations are to their work force, that, along, with strong enforcement, is the best way to protect workers. "
Elaine Chao
Best
Community
Rules
" Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated. "
Elaine Chao
Up
Work
World
" In normal times, laid-off workers are unemployed an average of eight weeks. "
Elaine Chao
Unemployed
Average
Workers
" My first port of call was Los Angeles. That's where I laid my first foot on America. "
Elaine Chao
First
America
Los Angeles
" Washington policymakers have to understand the adverse implications of their actions on job creation, and they must reorder some of their priorities. "
Elaine Chao
Job
Priorities
Understand
" I will carry with me always the deep sense of what it feels like to be an outsider and how tough it was, how hard it was to adapt to this country. "
Elaine Chao
Adapt
Country
Tough
" 401k savings accounts have become so important in the landscape of retirement planning that their security and expansion became a top priority in formulating and implementing the Pension Protection Act of 2006 that was enacted during my tenure as the U.S. Secretary of Labor. "
Elaine Chao
Landscape
Planning
Retirement
" Americans did not suffer alone. World trade overall fell two-thirds in the first few years of the Depression. "
Elaine Chao
World
Alone
Depression
" Washington's parasitic approach to the private sector must change for there to be widespread, near-term and enduring prosperity and job creation. "
Elaine Chao
Job
Change
Must
" 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
Future
New
Today
" Capital available for individuals to start and expand businesses would increase with regulatory and strategic tax reforms, like reducing marginal rates, repealing the alternative minimum tax, and making the U.S. the most welcoming place for employers to relocate and create jobs. "
Elaine Chao
Start
Create
Tax