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Economy Quotes


"All 50 states had the same national economy. And on virtually any measurement you wish to look at, Michigan has moved up and improved against the others."


"Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."


"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."


"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation."


"Reliable data on the outsourcing of American jobs is sorely missing from the debate on globalization."


"While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day."


"Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour."


"After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics."


"Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight."


"The Obama presidency has two great missions: fixing the economy, and preventing Iran from gaining nuclear weapons."


"Borrowing and spending is not the way to prosperity."



"The fact of the matter is, this is a very dynamic economy we have, and in this dynamic economy, you have a lot of job gains, but you also have job loss."


"Since its founding in 1854, Penn State has proven to be a leading institution of higher learning."


"I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'."


"A $1.7 billion average increase in electricity costs is estimated to result in a $1.3 billion decrease in personal income and a loss of 13,000 more jobs in the region."


"As the economy grows, so will the demand for energy."


"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."


"This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs."


"Even in November 1938, after five years of anti-Semitic legislation and persecution, they still owned, according to the Times correspondent in Berlin, something like a third of the real property in the Reich."


"China is crippling our manufacturing economy and eliminating our jobs by illegally flooding our markets."


"Challenging unfairly subsidized products, fighting counterfeit goods and intellectual property theft and holding countries accountable for an unfair currency regime will help American companies remain competitive."


"We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."


"So, there is enormous instability in the global economy with a shift of winners and losers."


"We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export."


"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?"


"The corporate killer downsizing is directly responsive to what the mutual funds have wanted."


"I believe in just enriching the economy. And we're leaving so much on the table, 72 percent of the planet."


"Over the years, dozens of American companies have filed papers to trade in their U.S. corporate citizenship for citizenship in tax haven countries like Bermuda."


"I believe that we must understand the economy of the situation."


"A manufacturing district... sends out, as it were, suckers into all its neighbourhood."


"There is nothing more important to our Nation's future, to our homeland security, and to our economy than ensuring we have a top-notch educational system that is the envy of the world."


"You have to wait six months to purchase a fuel efficient automobile made from overseas."


"I will continue to stay very focused on the economy."


"It will be said, however, that protection tends to destroy commerce, the civilizer of mankind. Directly the reverse, however, is the fact."


"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium."


"Altogether apart from that, it would be a disgrace to us to make this bargain with Germany at the expense of France, a disgrace from which the good name of this country would never recover."


"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."


"The president's economic plan doesn't do enough to create new jobs and that has to be a national priority. While there are some signs the economy is improving, it is not translating into jobs."


"Cities are, first of all, seats of the highest economic division of labor."
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