or cell phones, the internet. each of these things are innovative things that have created new industries. and we are not putting the kind of money into basic research that we used to do. so that i don't know where the next thing is coming from. what's really worrisome is because of our immigration policy, our next great thing might be invented or developed elsewhere, not in our country. >> so, that raises the question and larry summers suggested this week. the best thing you can do for economic recovery is to make sure you achieve rapid economic recovery before you get to the business of slashing the deficit. that doesn't seem to be where the politics is moving in washington or the voice of the electorate at the midterms. >> no, it doesn't. but i don't believe you need big stimulus things to get the economy going. i think there are things that don't cost very much money but would have a much greater impact. number one, you have to build confidence. banks have money, but they're unwilling to make loans. companies have money. we're at a record amount of cash, an article in the paper