In my judgment, what has not been effective in general in eliciting more investment spending by business has been across-the-board reductions in the general corporate income tax. Those are not tied to any incremental investment decision by the companies. I would be more supportive of something that was tied to an incremental decision to spend, such as an investment tax credit type of regime. I would also be supportive of partnerships between the private and public sectors in areas that are aimed at facilitating high-tech, value-adding investments, such as the auto partnerships in Mr. Watson's community and elsewhere.
It ties into Mr. Brison's earlier point as part of a broader framework to develop high-value, export-oriented industries. It's an idea that used to be called industrial policy. I think in the current framework it's more appropriately called sector development policy.