We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, … - John W. Snow

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Maybe if I go far enough back into my ancestry, I have African roots or something. I've got no idea

John W. Snow

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

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Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.

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We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.

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But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

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We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

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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.

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