I think we'll continue to see wages rise, and real wages will continue to rise as well. The key thing here is that the economy continues to expand, as it has well above trend line.
More Quotes from John Snow:
This budget also is committed to fiscal discipline. It holds government spending below the level of inflation. In the non-security, non-homeland security area it reduces actual spending. And it's consistent with the president's commitment to cut the deficit in half by the time he leaves office.John Snow
I think it's probably on the high side. I've seen other estimates more in line with a half-percent hurt to GDP growth in the third quarter and fourth quarter -- but with a pick-up of roughly that order for '06,
John Snow
I agree with the Treasury's interpretation that dividends to shareholders and share buybacks are not permissible uses of repatriated funds, ... I am also of the view that the statutory language makes it clear that the repatriated monies are to be used for domestic job growth, not for laying off employees or settling lawsuits.
John Snow
We hope later this week the next milestone will be reached with the IMF, ... This would be an important next step.
John Snow
The consequences of this disaster for the national economy will be seen, I think, primarily in the third quarter and the fourth quarter and I think they'll be temporary,
John Snow
This IRS guidance establishes a process that manufacturers can use to certify the amount of credit the purchaser of the vehicle can claim. This is going to provide much-needed certainty to Americans who are purchasing these vehicles. It means they will be able to rely on the manufacturer's certification when they claim the credit on their tax return. This is good news for those consumers because they are also taxpayers who seek simpler, fairer tax filing, and it is good news for manufacturers who can now offer reassurance to customers on the ease of the tax rules.
John Snow
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