American - Politician | March 26, 1953 -
Never far from my thoughts are memories of being a little girl in Queens, N.Y., our family of five crowded in a small one-bedroom apartment, struggling to learn English and survive a new life in a new country, America. We humbly and gratefully still recall the kindnesses shown by strangers and neighbors who became new friends.
Elaine Chao
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As I looked up at the Statue of Liberty, I thought at that time, 'What a wonderful country.'
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Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.
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It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need.
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America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.
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While there have been news reports of recent college graduates living with their parents because they have been unable to find a job paying a salary sufficient to move out, their near and long-term career prospects remain far brighter than for those without a college degree.
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We have a lot of employers who are looking for skilled workers and not being able to find them. And we have workers who lack the requisite skills to access these good-paying jobs in high growth industries.
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We're a robust democracy here. That's the wonderful thing about this country.
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To foster entrepreneurship, expansion and job creation, more leaders at all levels of government have to demonstrate some understanding of what it takes to build and grow businesses in the private sector.
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Those memories of living in a developing nation are part of who I am today and give me a profound understanding of the challenges of economic development - an understanding which will make my tenure as Peace Corps director, I hope, a very special one.
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I love working in the garden.
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As we celebrate Women's History Month this March, it's important to remember the key role women have played in promoting a better understanding and relationships between our country and the rest of the world.
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