A Quote by John W. Snow
We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
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The military has a huge role in the economy [of Pakistan] with big stakes and, as you say, it has constantly intervened to make sure that it keeps its hold on policy making. Well, I hope, and there seem to be some signs, that the military is taking a backseat, not really in the economy, but in some of the policy issues. If that can continue, which perhaps it will, this will be a positive development.
If you ask the American people to choose, between public health and the economy, then it's no contest. No American is going to say, accelerate the economy, at the cost of human life. Because no American is going to say how much a life is worth. Job one has to be save lives. That has to be the priority.
As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities.
An important instrument of economic policy-making in a market economy is credible, consistent, and timely communication.
The sluggish economy is creating a situation where the young people in Japan cannot cherish their desires or have prospects for their future. Also, the decline in Japan's economic capability is resulting in a declining presence for Japan's foreign policy as well.
Accordingly, the duties and mission that I must fulfill are pretty clear: namely, to regain a strong and robust economy, and also to restore Japan's strong foreign policy capability.
Look at what Bush has done. The economy took an incredible hit after September 11. That was a huge shock to the economy. And we've recovered a lot quicker than we thought, thanks to Bush and his economic policy.
In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.
When you look at the state of the economy right now, you have to set a priority. And my top priority is the deficit of jobs and economic growth, and especially this perception that the United States could be falling behind especially Asian economies.
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 want to make sure that we have a tax code that makes sure that everyone benefits, including those in poverty and those middle-income wage earners and those that have already lived the American dream as well as making sure that everyone can receive the benefits of a robust economy and not just the select few.
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.
Our health-care issues is another big structural drag. All of these need to be dealt with if we're going to keep the American economy the most dynamic and flexible in the world.
We want an economy that grows health and wellbeing, not debt and carbon emissions. An economy that prepares and protects us from shocks to come, rather than making them worse. An economy that shares resources to meet all our needs, regardless of background. An economy that lets us live.
We need to have the growth. If we simply look at this as being deficit-neutral, you're never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth. We really do believe that the tax code is what's holding back the American economy.
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.
The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
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