Economy Today Quotes & Sayings

Today President Obama gave a major speech where he defended his handling of the economy. And there were tons of people in the audience, you know, since nobody had to be at work. — Jimmy Fallon

Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today? — Arthur Laffer

Unlike his sometime rival Tariq Ramadan, who'd been tainted by his old Trotskyite connections, Ben Abbes had kept his distance from the anticapitalist left. He understood that the pro-growth right had won the "war of ideas," that young people today had become entrepreneurs, and that no one saw any alternative to the free market. But his real stroke of genius was to grasp that elections would no longer be about the economy but about values, and that here, too, the right was about to win the "war of ideas" without a fight. — Michel Houellebecq

13 million Indians will join the workforce every year from now till 2030. They know their prospects aren't good. Here's why: in the years from 1972 to 1983 - not celebrated as a time of overwhelming prosperity - the total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year - almost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won't find one. — Mihir S. Sharma

Scholars have endlessly written about antebellum Protestant thinking about slavery. Now, finally, Friends of the Unrighteous Mammon turns a spotlight on a new, crucial question: how did antebellum Protestants parse capitalism? For anyone who seeks to understand the political economy of the antebellum era-or, indeed, the complex entanglement of Christianity and capitalism today-this book is critical. I, for one, am very grateful to Stewart Davenport for having written it. — Lauren F. Winner

In today's society conformity is more of a necessity than an option. — Johan Coetzer

Studies have identified a significant 'skills gap' between what students are currently being taught and the skills employers are seeking in today's global economy. Our children must be better prepared than they are now to meet the future challenges of our ever-changing world. — Stephen Covey

Technology and computers are very much at the core of our economy going forward. To be prepared for the demands of the 21st century-and to take advantage of its opportunities-it is essential that more of our students today learn basic computer programming skills, no matter what field of work they want to pursue. — Todd Park

A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs ... Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case? — S. E. Cupp

Health care comprises nearly 20 percent of our national economy, but outdated bureaucracy and red tape have stifled competition and raised costs. As a result, today more than 45 million are without any health coverage. — John Shadegg

The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised. — Ludwig Von Mises

This is official today. China has surpassed the U.S. and now has the No. 1 economy in the world. After hearing this, China's children asked, 'So now can we take a lunch break?' — Conan O'Brien

Libraries are the future of reading. When the economy is down, we need to make it easier for people to buy and read books for free, not harder. It is stupid to sacrifice tomorrow's book buyers for today's dollars, especially when it's obvious that the source in question doesn't have any more dollars to give you. — Courtney Milan

The first thing I didn't understand was my life. It's a mystery. And today I don't understand economy or politics. I don't know why politics or economy are destroying the world, but I will understand after understanding. — Alejandro Jodorowsky

India is a 2 trillion dollar economy today. Can we not dream of an India with a 20 trillion dollar economy? — Narendra Modi

How can HOW help us repair our faltering global economy?
Only by getting our "hows" right can we ensure that we are sustainable. This can only be achieved when we are rooted in, and inspired by, sustainable values. The global economic meltdown supplied a perfect, but painful, example of how sustainability cannot be guided by situational values. The economic crash occurred because too many financial companies became disconnected from fundamental values and long-term sustainable thinking. Instead of nurturing sustainable collaborations, banks, lenders, borrowers and shareholders pursued short-term relationships founded on situational values. More than ever we need to get out of this cycle of crises and build long-term success and deep human connections so that we achieve enduring significance in today's globally interconnected world. — Dov Seidman

In today's global economy, however, it is important to raise the bar of excellence even higher. Today's students must be prepared to compete effectively on an international level. — Kenny Marchant

More than anything else, a budget request is a statement of national priorities; a clear enumeration of what our country needs to grow its economy and remain in the future the first-rate power it is today. — Roy Blunt

[E]conomic liberty and creative entrepreneurship are the basis of any solution to today's social and economic difficulties. Blaming business, setting wages, and attempting to run the economy by decree from Washington only exacerbates the problems. Consider the minimum wage. It seems so simple: Tell business to pay its workers more. But a hike in the minimum wage is essentially a tax, punishing precisely those companies that hire workers with the least skills. — Doug Bandow

The techniques that were used in the 1930s to reset the economy will simply not work today. Gordon L. Eade — Kenneth Eade

Fifty years ago, great schools like the University of California and the City University of New York - as well as many state colleges - were tuition free. Today college is unaffordable for many working class families. For the sake of our economy and millions of Americans, we must make higher education more affordable. — Bernie Sanders

College students today are drowning in debt, and it is hurting them and hurting our economy. We must find a way to help families pay for college without condemning them to a lifetime of indebtedness. — Elizabeth Warren

Hadn't been able to avoid hearing about the Tea Party, a recrudescence of the far right sooner than I would've hoped. Depending on whom you ask, the Tea Party formed either as a spontaneous grassroots protest against the government's massive interventions in the economy after the financial collapse of 2008, an hysterical backlash against our first black president, or just a hasty rebranding of the Republican Party now that the name Republican had taken on the same stigma as the Pinto, DC-10, and other products that reliably self-destruct. Their platform was the usual Republican wish list - cut taxes, gut the government, repeal the last century and revoke the social contract - and happened to coincide with the financial interests of their billionaire backers. They were widely regarded, on the left,* as dingbats. But today I was going to resist the impulse to sneer and feel superior and instead try, for once, to listen. — Tim Kreider

I heard this today and I thought this was fascinating and interesting. President Bush has two daughters, two beautiful daughters, and they may work on their father's presidential campaign after they get out of college and I thought, well, that's a pretty good move because in this economy, they won't be able to find real jobs. — David Letterman

In 1962, President John F. Kennedy said, "Our true choice is not between tax reduction on the one hand and avoidance of large federal deficits on the other; it is increasingly clear that no matter what party is in power, as long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance the budget - just as it will never produce enough jobs or enough profits. In short, the paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now. — Ronald Reagan

There are no doubts that, the situation in the country today, indicates that there is much more work to do in the process of reforming the political economy and improving the quality of life of our people and communities. — Ibrahim Babangida

Although Adam Smith is today often regarded as a "conservative" figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibrating system - the market economy - first developed by the Physiocrats and later made part of the tradition of classical economics by Adam Smith, represented a radically new departure, not only in analysis of social causation but also in seeing a reduced role for political, intellectual, or other elites as guides or controllers of the masses. — Thomas Sowell

I mean, the reality is unemployment today - over 14 million Americans are unemployed. That's exactly what it was a year ago. I mean, this - the American people know we can't borrow and spend and bail our way back to a growing economy. — Mike Pence

After the stock market crash, some New York editors suggested that hearings be held: what had really caused the Depression? They were held in Washington. In retrospect, they make the finest comic reading. The leading industrialists and bankers testified. They hadn't the foggiest notion what had gone bad. You read a transcript of that record today with amazement: that they could be so unaware. This was their business, yet they didn't understand the operation of the economy. The only good witnesses were the college professors, who enjoyed a bad reputation in those years. No professor was supposed to know anything practical about the economy. — Studs Terkel

Today financial capitalism is fraught with special interests, corporate monopolies, and an opacity that would have boggled Smith's mind. Let me be clear: despite my criticism of our existing model of financial capitalism, this book isn't anticapitalist. I am not in favor of a planned economy or a turn away from a market system. I simply don't think that the system we have now is a properly functioning market system. — Rana Foroohar

If we didn't have the rest of the world growing, the United States economy would be in much worse shape than it is today. — Fareed Zakaria

I think politics today is all about false choices: You can have a robust energy economy and a challenged environment, or a great environment and no economy. That's a false choice. You can do both. — Ed Rendell

The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership. — Louis O. Kelso

In the political environment that exists today, the opposition research of the Obama campaign is looking for anything they can use to distract from the failure of the president to reignite our economy. And Im simply not enthusiastic about giving them hundreds or thousands of more pages to pick through, distort, and lie about. — Mitt Romney

If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary. — John F. Kennedy

The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that. — Fareed Zakaria

We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will. — Barack Obama

Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers. — Ibrahim Rugova

Fred Harrison explains in The Power in the Land how land values over time become so expensive that too little wealth is left to pay for goods and services. Real estate speculation allows property owners to demand tomorrow's wealth output today, because they have the power to withhold land from use in expectation of future gains. Artificial constrictions in the supply of land make the price increase at a rate the economy can't sustain. Land eventually becomes unaffordable and recession follows leading to a bust before the next boom commences. — Martin Adams

Singapore is now in the top five. Its income per person even tops oil-rich and scarcely populated Kuwait. Having realized that the country had no natural resources, the government of founding father Lee Kuan Yew directed massive investment in human capital. Kids who were eight or ten or thirteen several decades ago are now some of the most productive citizens of today's economy.

A tiny nation-state with no natural resources and a large number of people living in a relatively small physical space has managed to outearn a country with some of the largest oil deposits ever found. That is the power of investing in and nurturing young brains.

Education alone may not be enough to guarantee economic success. There are other success factors that matter, like good governance, rule of law, and access to trading routes and partners. But if you were challenged to assemble a prosperous society from scratch, education would be the first building block you'd want to develop. — John Wood

The fact of the matter is that today, stuff-selling mega-corporations have a huge influence on our daily lives. And because of the competitive nature of our global economy, these corporations are generally only concerned with one thing - the bottom line. That is, maximising profit, regardless of the social or environmental costs. — David Suzuki

China today has the economy of a twenty-first-century economic superpower with a political regime little changed since the 1950s. Is this slow evolution in political institutions down to the concentration or the dispersion of power? — Matt Ridley

The number one problem in today's generation and economy is the lack of financial literacy. — Alan Greenspan

Our economy today depends upon women in the labor force. One out of three workers is a woman. Today, there are almost 25 million women employed, and their number is rising faster than the number of men in the labor force. — John F. Kennedy

A fundamental premise of this book is that human beings naturally desire to give. We are born into gratitude: the knowledge we have received and the desire to give in turn. Far from nudging reluctant people to give unto others against their lazy impulses, today's economy pressures us to deny our innate generosity and channel our gifts instead toward the perpetuation of a system that serves almost no one. A sacred — Charles Eisenstein

It is virtually impossible to compete in today's global economy without a college degree. — Bobby Scott

In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways. — Bernie Sanders

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets. — Lawrence Summers

To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names - Keynesian inflationism, interventionism, and corporatism. — Ron Paul

If you look at national economies today, for example, the American economy, the European economy, the Indians, the Chinese, we're all tied together. If one of them sinks, the rest are going to sink with them and if one floats, the rest are lifted up. I find that very interesting. — Frans De Waal

Well, I'm not trying to get rid of the unions, but I am saying that they appear to be an antiquated concept in today's economy. — Jim DeMint

While growth may be unsustainable, de-growth is unstable.' Today's economic model cannot continue indefinitely. We live on a small planet. The population and the economy are growing, but the planet is not growing. — Anders Wijkman

I am excited to rise today to support National Mom and Pop Business Owners Day. This celebration honors the husband and wife business owner teams whose work helps drive the economy and fuel job growth. — Melissa Bean

What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies. — Fareed Zakaria

I think it would be nearly impossible to find someone who has contributed more to South Carolina than Carroll Campbell. His efforts to transform South Carolina's economy and raise our state's income levels are still paying dividends today. — Mark Sanford

What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control. — Paul Ryan

The hydrogen economy will make possible a vast redistribution of power, with far-reaching consequences for society. Today's centralized, top-down flow of energy, controlled by global oil companies and utilities, could become obsolete. — Jeremy Rifkin

The incredible benefits of practising and applying mindfulness and self-compassion in the workplace are being increasingly recognised by human resource professionals as well as the medical profession, as the stresses of competing in today's global economy take their toll on the mental health and emotional wellbeing of many otherwise talented and enthusiastic individuals in the workplace. — Christopher Dines

My biggest disappointment was, of course, the coup attempts, ... The economy was proceeding very well, but in 1989 we had the most serious coup attempt and ... many of the investors who were set to come here had to tell me that they chose to go to other countries because of the uncertainty brought about by (the coup attempt.) If that had not happened, I'm sure our economy would just be booming today ... — Corazon Aquino

In today's competitive economy, to stand still is to die. — Chuck Schumer

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over. — Hu Jintao

We'll have a public power authority, which will also have the ability to build power or finance power. And more importantly, we'll have more power than our economy provides. All of that will give us leverage we don't have today. — Gray Davis

A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy. — Rod Blagojevich

When I look at Washington today, we need to bring us together. We need to solve problems, we need to rebuild our military so we can stand up to radical Islam, we need to get our economy growing much faster by throwing out the corrupt tax code and lowering the rates. — George Pataki

There's no easy way to say this, so I'€ll just say it: We're no longer No. 1. Today, we're No. 2. Yes, it's official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet. — Stephen F. Hayes

Today, much of the global economy is based on debt and confidence. As long as we all keep holding hands and no one breaks ranks, everything will be fine. By the way, the word "fine" is my acronym for "Feeling Insecure, Neurotic and Emotional. — Robert T. Kiyosaki

It is the fight for a new economy, a new energy system, a new democracy, a new relationship to the planet and to each other, for land, water, and food sovereignty, for Indigenous rights, for human rights and dignity for all people. When climate justice wins we win the world that we want. We can't sit this one out, not because we have too much to lose but because we have too much to gain. . . . We are bound together in this battle, not just for a reduction in the parts per million of CO2, but to transform our economies and rebuild a world that we want today. — Naomi Klein

We face a choice this election. President Obama is fighting for changes that grow the economy from the middle out and help all Americans succeed - jobs, education, health reform, the DREAM Act, equal pay for women. He is moving us forward with opportunity today for prosperity tomorrow. Mitt Romney wants to take us back to yesterday. — Eva Longoria

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi

The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today. — Tony Blair

You have to distinguish between two things - the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skovde. That's the Swedish economy, and it's just as strong or weak today as it was a week ago ...
The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with the Swedish economy. — Stieg Larsson

Well, I tell young people to be successful today that, first of all, that what you learn today directly impacts what you earn tomorrow. This is a knowledge-based economy. — Alexis Herman

In times of unrest and in an unstable economy, it is very easy to let your attitude slip and begin feeling sorry for yourself. This is precisely when you want to practice healthy attitudinal rules to stay alert, alive and enthusiastic. Don't ever lose the zest for life and life won't lose its zest for you. Say something positive to every person you meet today. — Bob Proctor

A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while. — Adam Davidson

Any difficulties which the world faces today will be as nothing compared to the full effects which global warming will have on the world-wide economy. — Prince Charles

It's not a matter of if economies around the world becoming low-carbon, but when and how: through struggle and strife or through advancement and progressive leadership. Larry Elliot described it today as the 'Green New Deal.' It's a leadership we in Britain can provide, and from which our economy can benefit. — Lucy Powell

It was only when children's actual economic value declined, because they were no longer necessary additions to the household labor force, that they became the priceless little treasures we know them as today. Once they started costing more to raise than they contributed to the household economy, there had to be some justification for having them, which is when the story that having children was a big emotionally fulfilling thing first started taking hold. — Laura Kipnis

Today we may face some boring task or idle conversation that feels like a complete waste of time. Perhaps next week or next year we'll understand that nothing is wasted, that in the economy of our universe even a weed is simply a flower whose use has yet to be discovered. — Mort Crim

In today's economy there are no experts, no 'best and brightest' with all the answers. It's up to each one of us. The only way to screw up is to not try anything. — Tom Peters

Self-preservation - this is your new focus.
The only obligation of today is to preserve the breath of tomorrow. Then, once footing is regained, you can begin to fulfill debt obligations.
Debt is hindsight. — John-Talmage Mathis

Today, you get better performance from a Ford Focus than a Ferrari from the mid-70s. [The Focus] is just as fast and with better fuel economy. It's fun to see supercar technology trickle down to everyday cars. — Jay Leno

In today's knowledge-based economy, what you earn depends on what you learn. Jobs in the information technology sector, for example, pay 85 percent more than the private sector average. — William J. Clinton

It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction ofindividualincometaxrates. — John F. Kennedy

Today, more than ever, we need political leaders who can see the big picture, who understand the relationship between the economy and its environmental support systems. — Lester R. Brown

The principal problem facing our economy today is jobs. — Jim Sensenbrenner

I support secure borders both north and south and I support a guest worker program for those here today illegally. Labor and skilled workers are critical to our Texas economy. — David Dewhurst

I served at a time when we had a strong economy, when we had deficits that we would die for today. I was able to propose a balanced budget, not over ten years, but over five years. I'm proud of that record. — Rob Portman

Most of us fear change. Even when our minds say change is normal, our stomachs quiver at the prospect. But for strategists and managers today, there is no choice but to change. — Robert Waterman Jr.

The message from Wal-Mart today to the rest of the business community is there need not be any conflict between the environment and the economy. We will find the way not only to reconcile (those), but to find new profits and new opportunities as we do the right thing. — Al Gore

NAFTA recognizes the reality of today's economy - globalization and technology. Our future is not in competing at the low-level wage job; it is in creating high-wage, new technology jobs based on our skills and our productivity. — John F. Kerry

In today's integrated world economy, ... eradicating poverty may contribute as much to U.S. security as eradicating terrorism. — Lester R. Brown

No economy, no company, in fact no individual can develop its full potential today without embracing two fundamental trends - globalization and digitalization. They will dominate for quite some time to come. — Zhang Xin

[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. — Albert Einstein

Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful. — Bernie Sanders

New racial minorities now constitute a fresh and welcome presence in the suburbs and slow-growing rural areas as well as in big cities. They are a much-needed tonic for a labor force that would otherwise be starting to shrink. Furthermore, they will serve as a necessary conduit to other nations in today's increasingly globalized economy. The political clout of racial minorities, both new and old, was demonstrated in the 2008 and 2012 U.S. presidential elections, and diversity within the electorate continues to increase more rapidly than most political strategists could have anticipated only a couple of election cycles ago. — William H. Frey

Tomorrow's outcome for our nation is dependent upon how we act today to create the outcomes we desire for our country. Individual accountability is each of our responsibilities if we want to rebuild, renew and restore the great values that made America a global super power and light of hope to the rest of the world. Each of us is either part of the problem or the solution. — Don A. Holbrook

Our main source of economy is agriculture. What we should do is to use the oil money that we have today to re-fuel agriculture. And so agriculture will be the backbone of the economy of South Sudan. — Salva Kiir Mayardit

Everybody is talking today about the economy. — Joschka Fischer

We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one. — Vince Cable

Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble. — Steve Forbes