A Quote by Joseph Stiglitz
An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to do well over the long haul.
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If I have to fly economy, there is no way I am flying more than two and a half hours. I am just not doing long-haul economy flights. I did it once to the Caribbean and never again.
This is a devastating problem, is, the longer our children are in school, the worse they do. Year after year after year, our children in America are falling further behind. Our 3- and 4-year-olds enter kindergarten OK, and they fall further and further behind. Each year, children in other countries are learning more than children in this country. And so the gap between American student performance in Singapore and Finland and South Korea and Canada and these other countries, the gap widens year after year after year.
If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.
One thing I've learned from my short time trying to be a farmer is that our farmers have to be the bravest, most optimistic people in the world. To go back to the land year after year, after what nature throws at them and the world economy does to their income, takes a special kind of person.
After a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999.
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.
Wages never seem to go up. The whole economy feels stuck, and millions of Americans, millions of Americans, middle-class security is now just a memory. Progressives like to talk like Barack Obama likes to talk forever about poverty in America. And if a talk did any good, we'd have overcome those deep problems long ago. This explains why under the most liberal president we have had so far, poverty in America is worse, especially for our fellow citizens who were promised better and who need it most.
The United States has been becoming worse year after year after year for decades, and it's guaranteed to continue down that path if we don't change something.
We're living through an era of higher income inequality than the country has experienced since before the Great Depression. Meanwhile, most people are running in place, and those in the bottom quintile of the economy are being swept backward year in and year out. A worker with a high school education today is likely to earn less in real terms than did their parents and grandparents in the early 1970s. Not coincidentally, while overall life expectancy is increasing in America, for those with low levels of education it's actually declining.
That's the NFL: Not For Long. First year's a welcome year. Second it's, What are you going to do? Third year's like, Well, you didn't do much last year; give us something or you're going. That's the way it is. They'll trade you or they'll cut you.
I don't look down on tourism. I live in Hawaii where we have 7 million visitors a year. If they weren't there, there would be no economy. So I understand why a tourist economy is necessary.
I've been starting in new places year after year after year. It's just like when I went to Greece or the Philippines. I love when people think I'm a new artist. It's a chance to start over.
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.
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 economy is too weak right now. We need to jump-start it. The American Jobs Act will provide that jump-start, to help us into next year and the year after that.
America is the most powerful economy in the world. We're an $18-trillion-dollar economy.
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