"Growth is Everything," says Eric Schmidt

"Growth is everything," says Eric Schmidt, and he's not talking about Google. Interviewed by Neil Cavuto on Fox Business, Schmidt pointed out that the view in Asia is that the United States represents the past, in part because the Asian expectation is that annual growth should be in the six percent to eight percent range, not the one percent rate the U.S. economy now exhibits, and not the three percent rate that would make just about everybody much happier. It would be harder to speak more truthful words.