A Quote by Barack Obama
Well, I think that when you think about the challenges we face, these are challenges that require us to look forward and not backwards. When it comes to the economy I think we have to recognize that we are now in a global economy. And that the measure of our success is: how well are we training our workers? How well are we investing in the new energy economy?
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I think the economy in the US has surprised. The old adage is that if America sneezes, the rest of the world catches a cold. If the US economy does well, the global economy will do well.
I will stay very focused on my responsibilities as Secretary of Commerce and the economy's doing well. I mean, you asked about some of the challenges that we have or what is going on in the world and you know I, I'm pleased to report that the economy is doing extremely well.
The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.
Well, I think, you know, the arts are really what - one of the things that make this country strong. We always think it's our economy or our military power, but in fact, I think it's our culture, our civilization, our ideas, our creativity.
We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.
I think what grows the economy is when you get that tax credit that we put in place for your kids going to college. I think that grows the economy. I think what grows the economy is when we make sure small businesses are getting a tax credit for hiring veterans who fought for our country. That grows our economy.
Well, I think the global economy is in the position for continuing good growth with inflation well in check.
I don't think manufacturing should be looked at independently. It is part of the economy. So, when the economy does well, and when there is investment, the sector does well.
The global economy is facing unprecedented challenges with the outbreak of Covid-19. Businesses large and small across our country are also responding to these challenges.
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.
A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
I think women as well as men are concerned about jobs and the economy and spending and, and other issues. They're concerned that when their kids graduate from college they have an economy and they have a future in this country and they, they have the same opportunity that we've had and our grandparents have had.
So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?
We have to understand the ubiquity of energy in everything we do. Energy is core to our economy and it brings with it environmental challenges, and it's core to our security challenges.
I think Britain's economy has done extremely well from having the influx of talented people from around the world and from having an influx of people from the rest of the European Union. It's both evidence of how strong the British economy was - that's what drew people in - but it's also part of what's making the British economy work.
Physical infrastructure remains important (particularly in developing nations), but concurrently investing in the development of a knowledge-based economy is essential to sustaining healthy economic growth and creating well-paying jobs in a highly competitive, ideas-driven global economy.
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