Thanksgiving is a wonderful holiday. It is uniquely American and gives us the opportunity to reflect on what we have instead of what we do not have.
This year, with concerns about the “fiscal cliff” weighing on us every day, are there reasons economically to be thankful? I believe the answer is a definite “yes”.
We are fortunate to have a strong culture of entrepreneurship and innovation in our society. This has enabled us to create an economy that this year will produce $15.7 trillion of goods and services with 143 million jobs. While many problems, including unemployment and budget deficits, need to be addressed, we possess incredible capabilities. The energy and enthusiasm of our young people should not be underestimated. Americans, as evident again with the recent experience of Hurricane Sandy, are both resilient and generous in helping those in need.
We have much to be thankful for on this Thanksgiving Day of 2012.