Weinberger: Economy OK Despite Slowdown

Share this content:
WHITE PLAINS, NY - Even though the U.S. economy is slow, conditions are still quite good, said Forbes magazine chairman Caspar W. Weinberger at the Direct Media 2001 Client Summit and Co-op at the Renaissance Westchester Hotel held here yesterday.

Weinberger, former defense secretary under President Reagan and chairman of the Federal Trade Commission under President Nixon, said that the fundamentals of the economy are still strong and that the stock market is a bad indicator of economic conditions. As an illustration, he pointed to Amazon.com, which has never made a profit but has a stock price exceeding that of companies with profits and clear assets. He urged businesspeople not to ignore politics and said the current administration is friendly to business.

Weinberger also said he favored privatization of the U.S. Postal Service, a proposal that was discussed during the first Nixon administration. The plan was not adopted, but discussions led to the creation of the quasi-independent agency that exists today.

He said he also opposes restraints on the free flow of information. "The freer the flow of information, the better the world will be," Weinberger said.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above