U S Economy Quotes & Sayings

The United States should pursue a more robust agenda for U.S. competitiveness and innovation focused on a lower-carbon economy, including investments in education, basic research and development, infrastructure, retraining, retirement security, and universal health care. — Mona Sutphen

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency. — Ben Bernanke

Everyone knows the U.S. economy shouldn't be so reliant on consumption. More investments should be made. — Lou Jiwei

Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There's only a difference of degree. We both have the same basic form of government: economic totalitarianism. In other words, the settlement to all questions, the solutions to all issues are determined not by what will make the people most healthy and happy in the bodies and their minds but by economics. Dollars or rubles. Economy uber alles. Let nothing interfere with economic growth, even though that growth is castrating truth, poisoning beauty, turning a continent into a shit-heap and riving an entire civilization insane. Don't spill the Coca-Cola, boys, and keep those monthly payments coming. — Tom Robbins

If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan. — Uday Kotak

The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse - one that might be big enough to cause a recession in the U.S. economy - while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward. — Janet Yellen

I think the U.S. economy wants to be strong. It wants to be. — Mary Callahan Erdoes

When the vision of the U.S. government included guarding the rights of people but staying out of their way, America was an economic engine more powerful than anything the world had ever witnessed. — Ben Carson

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy. — Alan Greenspan

To argue that universal health care would wreck the U.S. lead in cancer survival, you'd have to argue that universal health care would wreck the entire U.S. economy. — Timothy Noah

There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax. Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy. — Arthur Laffer

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

Last month, 80,000 Americans signed on to new jobs, but 85,000 Americas signed on for Social Security disability checks. Most of these people are not 'disabled' as that term is generally understood. Rather, it's the U.S. economy that's disabled, and thus Obama incentivizes dependency. — Mark Steyn

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured. — Roger Altman

On the economy, the U.S. cumulatively is our most important investor, most important trading partner, most important sort of tourists, and we have now a tie that will ... a link that will be here for many, many years to come, and that is the big Philippine-American community in the United States - three million of them. — Gloria Macapagal-Arroyo

The U.S.'s major strength factor and weapon is its economy. If you cripple it, you cripple the military. — Chester W. Nimitz

We are already witnessing a transformation in the U.S. economy to increased production of lower carbon energy through fuel switching to natural gas and expansion of wind, solar, geothermal, and other renewable non-carbon intensive energy sources. — Martin O'Malley

It is very important to concentrate on hitting the U.S. economy through all means possible — Osama Bin Laden

Models are models - and the real world is different. For example, for the last three years the world economy has grown significantly, but emissions have stayed flat - which wasn't supposed to happen for decades. The commitments that nations made in Paris won't kick in until 2020, but many are already implementing their pledges and moving ahead of schedule. The Marrakech Climate Change Conference, around the time of the 2016 U.S. Elections, saw the rest of the world setting strong new goals, with Germany submitting a plan to cut its climate footprint by 95 percent, and twenty-nine new regional and local governments (many in China) committing to similarly deep emissions cuts. — Carl Pope

Democrats can neither control nor predict whether our GOP counterparts are really ready to play chicken with the U.S. economy. But we can assure the American people that our party takes the nation's faith and credit seriously. — Peter Welch

When we put $4 billion into the U.S. economy, they were OK with this. When we preserved jobs in Dearborn, or preserved jobs in Columbus, or preserved jobs in Pennsylvania, everyone was happy. — Alexei Mordashov

When women were excluded from New Deal programs, Eleanor Roosevelt fought to include them. Roosevelt was among a handful of leaders who realized the U.S. economy would not escape the depths of recession without the full contributions of women. — Lael Brainard

Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011. — Steve Forbes

Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer. — Robert Zoellick

The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted. — Robert Mundell

Security for agriculture merits serious concern by not only the agricultural community but our nation as a whole. The risk to the U.S. food supply and overall economy is real. — Pat Roberts

The Chinese public is deeply nationalist, which matters to China's unelected political leadership as much as U.S. nationalism does to American politicians. As China becomes the world's largest economy, there is meaningful public pressure for its power status to advance in parallel. Any alternative would be humiliating. — Noah Feldman

They argue that, if the governments of developed countries want a fifty-fifty chance of hitting the agreed-upon international target of keeping warming below 2 degrees Celsius, and if reductions are to respect any kind of equity principle between rich and poor nations, then wealthy countries need to start cutting their greenhouse gas emissions by something like 8 to 10 percent a year - and they need to start right now. The idea that such deep cuts are required used to be controversial in the mainstream climate community, where the deadlines for steep reductions always seemed to be far off in the future (an 80 percent cut by 2050, for instance). But as emissions have soared and as tipping points loom, that is changing rapidly. Even Yvo de Boer, who held the U.N.'s top climate position until 2009, remarked recently that "the only way" negotiators "can achieve a 2-degree goal is to shut down the whole global economy."48 — Naomi Klein

As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade. — Jo Ann Emerson

The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit. — Walter E. Williams

Unhappy voters thought the anemic economy, Obamacare, the collapse of U.S. foreign policy, the scandals in government, and the incompetent handling of everything from the Islamic State to Ebola were the only real issues. Democrats'€ refusal to acknowledge them did not make these failures go away. — Victor Davis Hanson

I don't expect the U.S. and China to get into a trade war simply because I think there are good people on both sides who realize that that's not in either economy's interest. — Glenn Hubbard

The change we need is fixing this broken economy from the bottom up.. not tax breaks for the wealthy and huge corporations that ship U.S. jobs overseas. We need to focus on defeating al Qaeda and the Taliban and restoring America's standing in the world.. not an unending commitment in Iraq. — Joe Biden

The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here. — Alexei Mordashov

I believe the LIE that prosecuting bank fraud will destabilize the U.S economy is what is really destroying it. — Ziad K. Abdelnour

If we don't embrace a low carbon economy this decade, it won't just harm the planet, but also the U.S. economy. — John Doerr

The U.S. team has swept all the medals in the skeet shooting event. So despite our bad economy, it's nice to know our country has never been safer from an attack of skeets. — Conan O'Brien

We have to grasp, as Marx and Adam Smith did, that corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power. — Chris Hedges

As recently as the early 1970s, a Republican president - Richard Nixon - was willing to impose wage and price controls to rescue the U.S. economy from crisis, popularizing the notion that "We are all Keynesians now." But by the 1980s, the battle of ideas waged out of the same Washington think tanks that now deny climate change had successfully managed to equate the very idea of industrial planning with Stalin's five-year plans. Real capitalists don't plan, these ideological warriors insisted - they unleash the power of the profit motive and let the market, in its infinite wisdom, create the best possible society for all. — Naomi Klein

Small businesses provide 75 percent of new U.S. jobs and are the backbone of our economy, and no outdated ban should be keeping small business owners from collecting the same interest their money could earn if it were held by an individual. — Sue Kelly

Christine Gray wrote in her remarkable 1986 PhD dissertation, Thailand: The Soteriological State in the 1970s: Any study of contemporary Thai society must account for the U.S. influence on that polity and the mutual denial of that influence. Thailand's relationship with the United States is complex, heavily disguised and, in many instances, actively denied by the leaders of both countries... In many cases, it is difficult if not impossible to determine the extent of American influence in Thailand. Thailand is a nation of secrets: of secret bombings and air bases during the Vietnam War, of secret military pacts and aid agreements, of secret business transactions and secret ownership of businesses and joint venture corporations. This is precisely the point; the American presence has taken on powerful cosmological, religious and even mythic overtones. The American influence on the Thai economy and polity has become a symbol of uncertainty, of men's inability to know the truth. — Andrew MacGregor Marshall

Which brings me to the point: In order to lose momentum, the U.S. economy has to have momentum to begin with. If it had any, I missed it. What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle. — Caroline Baum

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel. — Rex Tillerson

U.S. military spending, which consumes half of all discretionary spending, has had a profound social and political cost. Bridges and levees collapse. Schools decay. Domestic manufacturing declines. Trillions in debt threaten the viability of the currency and the economy. The poor, the mentally ill, the sick, and the unemployed are abandoned. Human suffering is the price for victory, which is never finally defined or attainable. — Chris Hedges

The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions. — Ben Bernanke

Technology has changed things, same as everywhere. But the economy has changed drastically. When Jamaica first won independence, our dollar was stronger than the U.S. dollar. Now ours is about 90 to one. That's had a big impact on crime and poverty. — Damian Marley

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt. — Douglas Wilder

Raising wages abroad would be good for the U.S. economy, as it would give our own industries a much-needed chance to compete. — Elizabeth Cline

Right now, the government is spending billions of dollars supporting the problem-makers in the U.S. economy - the polluters, despoilers, incarcerators, and warmongers. — Van Jones

I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy. — Gerry Schwartz

You know if the U.S. Government wanted to boost the economy there's a simple solution make Black Friday the refund date for your state and federal taxes — Stanley Victor Paskavich

At President Obama's direction, the U.S Department of Agriculture is working hard to unleash the power of America's innovators and entrepreneurs to build a green energy economy. — Tom Vilsack

This is not a zero-sum game. We know that if we provide access and education, particularly where there are gaps in the market, we will create more jobs, we will create more growth, and we will create more activity in the U.S. market, which will be good for our economy. — Karen Mills

What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we are in an economy where all people do is flip hamburgers, wait on people in stores, and sue each other. It's not much of a basis for an economy. — Wilbur Ross

Almost every Fed chairman in the past 60 years has manipulated
interest rates to brighten the economic outlook for incumbent presidents
or newly elected presidents who won by large margins. The
purchasing power of the U.S. dollar has fallen 94 percent in the past
100 years. The only way you can create inflation is by creating more
money that is backed by the same reserve assets; the Fed is the only
entity that can create more money. Ben Bernanke's quantitative easing
(QE) programs have pumped billions of unfunded dollars into the
economy, thereby setting us up for massive inflation in the very near
future. If this isn't a form of financial terrorism, it is incompetence of the highest order. — Ziad K. Abdelnour

Venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly. — Juan Enriquez

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things. — Janet Yellen

It was to be a short visit for the G-shevs. More than four days in the U.S. and Raisa's VISA card bill would shatter the fragile Soviet economy. — P. J. O'Rourke

Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last. — James Chanos

From the 1970s, there has been a significant change in the U.S. economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing. — Noam Chomsky

2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction. — Matt Taibbi

The U.S. uses most of its oil for transportation. We can limit U.S. demand for oil by requiring automakers to use the technology that already exists to improve fuel economy - technology that the automakers refuse to bring into the market despite societal demand. — Sherwood Boehlert

The U.S. economy and workers benefit from a strong, healthy relationship between government and business. — Harold Ford Jr.

Annual state spending alone for prison facilities is now estimated at about $52 to $62 billion, the bulk of which is spent building new facilities; operating and maintaining more prisons; providing food and health care for prisoners; and administration and staff salaries and benefits. — Christopher Zoukis

It is Barack Obama who is at war with this country. Recent events prove it. This is not a cliche. It's not a figure of speech. Obama is at war with the U.S. economy. — Rush Limbaugh

The income tax is the biggest single intrusion suffered by the American people. It forces every worker to be a bookkeeper, to open his records to the government, to explain his expenses, to fear conviction for a harmless accounting error. Compliance wastes billions of dollars. It penalizes savings and creates an enormous drag on the U.S. economy. It is incompatible with a free society, and we aren't libertarians if we tolerate it. — Harry Browne

What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water. — Grover Norquist

With their endless vacations and pint-sized workweeks, Europe can't produce enough of anything - including more Europeans - to save themselves from doom. So the French and Germans have only one realistic strategy when it comes to revitalizing their comatose economies: Wait for the U.S. economy to rise high enough to float their petits bateaux. — Denis Boyles

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

At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart. — David Wessel

Frivolous lawsuits are booming in this county. The U.S. has more costs of litigation per person than any other industrialized nation in the world, and it is crippling our economy. — Jack Kingston

All s, like all human beings, get many things wrong. Ronald Reagan's extraordinary achievement as of the U.S. was to succeed in getting the two biggest challenges of his time right: defeating the Soviet Union and reviving the American economy and spirit. Neither of those achievements was inevitable. Both were fiercely opposed at the time. But he persisted; his visionary focus matched only by a gentleness of character and a brilliance of rhetoric. — Andrew Sullivan

If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy. — Muriel Siebert

In a globalized economy, it's very difficult for the U.K. to go it alone. Don't listen to politicians. Politicians say if the U.K. leaves, things will be better. I'm telling you, leaving could make things worse. — Wang Jianlin

U.S. power flows from our unmatched military might, yes. But in a deeper way, it's a product of the dominance of the U.S. economy. — David Ignatius

Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest. — Marc Faber

I am upset and completely disappointed in the government, the millionaires and billionaires in the U.S. See what's happening to the country? Look at all the health problems, the economy, the recession and crime. — Maharishi Mahesh Yogi

With all that IMF money, the Thailand's and Mexico's are spared the consequences of their fiscal incompetence, and Wall Street's heavy hitters are spared the consequences of their stupid investments. The global economy is a rigged game, rigged so Third World politicians, rich investors and global corporations win - and U.S. taxpayers lose. — Pat Buchanan

Prospects for growth in the year ahead are solid at the national level, and of course, this can only be good news for the Bay Area and California as well. The U. S. economy has shown remarkable resilience in the face of some severe shocks - in particular, the surge in energy prices that began a couple of years ago and the devastation wrought by the twin hurricanes last summer. — Janet Yellen

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China. — Adi Godrej

It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013. — Bill Gross

The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations. — Michael Porter

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

Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela. — T. Boone Pickens

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy. — John Olver

As far as the U.S. economy is concerned, I always believe that the U.S. economy is solidly based, not only in a material sense, but more importantly, the United States has the strength of scientific and technological talent, and managerial expertise. — Wen Jiabao

How much greater would their contributions to the U.S. economy be if U.S. copyright owners could access foreign markets otherwise dominated by pirate product? — Howard Berman

The model of the U.S. economy is that we are the country that does new things. — Peter Thiel

Well, we don't think for a moment that either the U.S. or Australia are out to damage the New Zealand economy, but if there were a sustained period in which they had a free-trade agreement and New Zealand didn't have that same arrangement with the States, that could be both trade- and investment-distorting. — Helen Clark

Had I not gone to Japan in 1986, had I stayed home and majored in English literature as I'd intended to do, I might indeed have become an investment banker, an outcome that perhaps would have proved a more severe blow to the health of the U.S. economy than to the history of the novel. — John Burnham Schwartz

Inequality has risen to the point that it seems to me worthwhile for the U.S. to seriously consider taking the risk of making our economy more rewarding for more of the people. — Janet Yellen

I have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt. — Tim Johnson

It sometimes seems to me that some of our Western partners do not want Russia to fully recover. They would like Russia to be in a subdued state, and they want Russian resources to be used for the benefit of the U.S. economy. — Mikhail Gorbachev

Chinese experts noted that the U.S. economy has rebounded from the 2008 crash more strongly than some analysts here had expected, while China's own growth is slowing after several decades of rocket-ship acceleration. — David Ignatius

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly. — Evan Davis

As long as they are working, they should be legalized. I admire so much each and every migrant. They are the most loyal workers in the U.S. economy. They build the homes of those who are attacking them. — Vicente Fox

We're on a collision course for disaster. All we can do, all your viewers can do is brace for impactBuy gold. Buy silver Get as far away as you can from U.S. currency and the U.S. economy. — Peter Schiff

The U.S. couldn't play a military role in different areas like Iraq and Afghanistan without huge quantities of oil. So a shortage or disruption in oil would not only damage the U.S. economy; it would undercut American military supremacy. — Michael Klare

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007. — Ben Bernanke

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