Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
More Quotes from John W. Snow:
I have many private conversations with Chairman Greenspan and we never reveal what we talk about. So I don't want to break my rule.John W. Snow
We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
John W. Snow
Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend.
John W. Snow
We continue to have a strong dollar policy we continue to support the strong dollar policy. It's been our policy and will continue to be our policy.
John W. Snow
And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.
John W. Snow
And I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.
John W. Snow
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