Steve Ballmer on the Economy

Steve Ballmer has been speaking on the current economic situation at the recent Democratic Caucus Retreat and I think it’s a great speech.

Just like Kevin Turner’s at WPC 2008, it’s upbeat, positive and gives ideas for the future, rather than focusing on the bad points of this “economic recalibration”. The whole thing can be seen here but I thought I’d give you a few of my favourite soundbites:

“We believe this is a once-in-a-lifetime economic event, but it’s not unique frankly in U.S. history.”

“In my view, what we now have will be a fundamental economic reset.”

“In addition, despite the tough economy — I might even say because of the tough economy — our company will continue to invest more than US$9 billion a year in R&D, because we think it’s that R&D spending that will cause us to remain strong.”