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Jerry Jasinowski

Jerry Jasinowski, president of the National Association of Manufacturers, was Thursday's guest. Here are excerpts from his remarks:

On regaining lost manufacturing jobs:

"As we go forward into 2004 we will see hiring by manufacturers. The biggest ... will be in sectors that had the biggest losses: machinery, computers and software, and transportation."

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On the major problem confronting American manufacturers:

"[It's] escalating costs. We have about a 25 percent competitive disadvantage [versus] our competitors, and a lot of that is government-imposed."

On manufacturers' relations with the white House:

"We get rebuffed and rejected all the time."

On the long-term outlook :

"We are in transition to a highly technology-oriented manufacturing and service economy. This notion that we are going to go from manufacturing to [nothing but] services is absurd."

On the Chinese currency being overvalued:

"It is the greatest threat to free trade on the horizon. We have got a protectionist force brewing, largely because of the totally one- sided aspect of trade with China."

On complaints about excessive CEO pay:

"Chief executives, in terms of trend lines, are overpaid. This is basically a deficiency of board governance."