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Economic Quotes

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Economic Quotes

“We must look at what immigration to America involves. To the new arrivals, the change is excruciating. Learning a new language and dealing with strange customs make the first years of life in the new land painful... The economic system of the United States is a mighty engine of persuasion. It motivates people to do what otherwise they never would in return for fulfilling their dreams. In the process, people learn that there is no sharp line between physical well-being and the higher purposes of life. The comfort of owning a house is at once meeting the obligation to care for one”

“Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.”

“You know, when I made a series of overtures to the Republicans, going over to meet with both Republican caucuses, you know, putting three Republicans in my cabinet -- something that is unprecedented -- making sure that they were invited here to the White House to talk about the economic recovery plan, all those were not designed simply to get some short-term votes. They were designed to try to build up some trust over time. And I think that, as I continue to make these overtures, over time, hopefully that will be reciprocated.”

“Excessively precise economic analysis can lead to assessing everything in terms of its easily measurable melt value - the value that thieves get from stealing copper wiring from isolated houses, that vandals got from tearing down Greek temples for the lead joints holding the marble blocks together, that shortsighted timber companies get from liquidating their forests. The standard to insist on is live value. What is something worth when it's working?”

“It seems not to matter that we are at the brink of a war that may spread beyond Afghanistan and Iraq to Iran and Georgia and then where? To Syria? To North Korea? To China? That we in America are in economic doldrums and are seeing small businesses fold and houses reclaimed by banks and a smouldering panic that is palpable everywhere.”

“Egoism... is not eliminated by economic reorganization or by material abundance. When basic needs are satisfied, new 'needs' emerge. In our society, people want no simply clothes, but fashionable clothes; not shelter, but a house to display their wealth and taste.”

“The White House has finally found one guy that kinda remembers serving with President Bush in the National Guard. Now they just need to find someone who remembers Bush working on an economic plan. ... I think the White House spent more money looking for this guy than finding weapons of mass destruction.”

“Unemployment in the sense of distress is widely disappearing. . . . We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poor-house is vanishing from among us. We have not yet reached the goal, but given a change to go forward with the policies of the last eight years, and we shall soon with he help of God be in sight of the day when poverty will be banished from this nation. There is no guarantee against poverty equal to a job for every man. That is the primary purpose of the economic policies we advocate”