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TheStreet Open House

Leadership Needed On Fiscal Debt, Global Trade, Says UPS CEO

Davis supported the work of a bipartisan debt commission led by those two men that called for lower tax rates, fewer deductions and common sense entitlement reform. While no plan will ever be perfect and agreed upon by all, bipartisan compromise must be achieved to reach a deficit reduction of at least $4 trillion, he added.

Davis also called on U.S. leaders to demonstrate stronger leadership on global trade. He applauded recent deals with South Korea, Colombia and Panama but added: “These recent trade deals should be the first of many, not the last in memory.”

The 19 trade agreements currently in effect are inadequate, he asserted. “Trade has always been the world's most powerful engine of growth, job creation and prosperity.”

During his remarks, Davis told the story of Jim Casey’s founding of UPS in the Seattle area in 1907 as a small bicycle messenger service, describing in some detail the company’s evolution into a global logistics leader that delivers an average of 15.8 million packages a day in more than 220 countries and territories.

He contrasted the company's transformation over the past 105 years to the federal government's rigid and ideological approach to dealing with today's challenges.

“I want our elected officials in Washington, D.C., to start running this country the way we run our companies: with real leadership, courage, discipline and foresight. Simply put, we need our representatives to reach out more and to dig in their heels less. Our country needs pragmatic leaders who work together to solve problems.”



Copyright Business Wire 2010
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