Henry Paulson remarks at Atlas Material Testing Technology
15 Sep '07
3 min read
Remarks by Secretary Henry M. Paulson, Jr. at Atlas Material Testing Technology.
For those who don't know, Atlas is an innovative company, founded in 1918, that manufactures equipment that simulates weather conditions --- sun, rain, heat and humidity --- for their clients who manufacture products, providing them the data needed to test their products' durability.
Atlas continues to pioneer new methods of durability testing, and from its headquarters here in America's heartland, Atlas sells across the globe. Companies like Atlas, and your employees, form the basis and promise of the American economy.
And we have a healthy U.S. economy and the strongest global economy I've seen in my business lifetime. Our unemployment rate remains low and real wages are rising. The United States' businesses and workers are the envy of the world. In industry after industry, we innovate, create and define what's possible.
In order to keep our economy healthy and extend this sixth year of economic expansion, we need to focus on areas that are vital to maintain our economic leadership.
First, international trade and investment, opening markets around the world to U.S. goods and services and keeping our markets open to competition. I see rising protectionist sentiment in the U.S. and around the world. It is ironic that protectionism is rising at a time when the global economy is so strong.