If I may briefly address that, what I was saying was not that there would be no jobs. Over the long term there are jobs, but there is a short-term impact especially if it's very pro-productivity, pro-competitiveness and we won't see as much job growth in the very short term as often as we would hope. In the longer term, generally, if the economy becomes more productive and competitive then there is that job increase. We've found that with NAFTA, but it wasn't entirely because of the trade agreement. It's the investment that comes with the trade that led to the increase of jobs over time. So I was being rather careful with Mr. Davies to say that it isn't just a trade agreement in the short term, it really is that you have to look at the whole picture longer term. As the economy grows, as your trading partners grow, then of course, there is more economic activity including jobs. It's important to diversify.
I'm not of the group of economists, though, that thinks the U.S. economic story has ended. The amount of cash the private sector is sitting on, the innovativeness of that economy, the entrepreneurship of that economy all lead me to think that in fact it's going to be the growth of the United States over the next three or four years that's going to be the story in the world, not the growth of Europe nor the growth of Asia. Asia continues to grow—