For seven years, our aim has been to create an environment where business can operate profitably. And it is working. Our household incomes have jumped from 21st in the nation to eighth. Unemployment has all but vanished. While expressing my continued optimism about our economic future, I would also like to voice a word of caution.
Economies operate in cycles.
At times over the past seven years, our economy has been so hot it produced unsustainable growth. Now, we are like a jet descending gently toward a lower altitude. The glide path has been almost perfect, but we cannot allow complacency to slow our momentum. We need 25,000 new family-wage jobs every year or our children will move out of state to find them. We need to be sharp and we need to be aggressive.