It suggests an important part of any jobs agenda must involve changes in education, more training to equip people in the rich world for tomorrow's jobs and getting government off entrepreneurs' backs.
But that should be in the sense of what might be called "conservative realism" - in accordance with which the United States needs to equip itself and behave in light of the way the world really is, not on the basis of some fantasy about how it might be if only we disarmed.