Google chairman Eric Schmidt on how to avoid “years of extraordinarily low growth”

I previously posted some of the thoughts of UPS CEO Scott Davis about ways to boost the economy.

Over the weekend on This Week, Christian Amanpour interviewed Google chairman Eric Schmidt, who has clear and authoritative opinions about the lack of demand (something I’ve written about a lot), about what governments need to do in the short run, about what businesses need to know for the future, and a number of other important topics.

The first part of this embedded video interview is only a little over 5 minutes long. It’s well worth a listen.

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Schmidt is really optimistic about Americans’ creativity and resilience at the end of this first segment.

For more on the interview, go here: Google Chairman: Economy Needs Stimulus, Not ‘Ludicrous’ Spending Cuts

One snippet:

“The economy is, today, stuck behind the power curve. It needs a lot of encouragement,” Schmidt told “This Week” anchor Christiane Amanpour. “It needs not just something like the jobs bill, but also significant government stimulation in terms of buying power and investment. Otherwise, we’re set up for years of extraordinarily low growth in the economy and no real solution to the jobless problem.”