A Quote by Robert Reich

The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.

Robert Reich

Quote Topics

Alan America Being Both Congress Declaration Declaration Of War Dirty Domestic Domestic Policy Federal Federal Reserve Foreign Foreign Policy Fund Go Houses IMF International Irrelevant Little Longer Monetary Needs Now Policy President Reserve Run Secret War

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

When the President decides to go to war, he no longer needs a declaration of war from congress.

Robert Reich

If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.

Wright Patman

Foreign policy is inseparable from domestic policy now. Is terrorism foreign policy or domestic policy? It's both. It's the same with crime, with the economy, climate change.

David Miliband

If I were Donald Trump, I would definitely not pick Mitt Romney because it's very easy for Mitt Romney to have have a separate foreign policy operatus in the State Department that would run a dissenting foreign policy from the White House foreign policy. There, I think the populist America-first foreign policy of Donald Trump does run against a potential rival.

David Brooks

The President is destroying the fabric of America with a combined policy of war, tax cuts for the wealthy, and reductions in spending for domestic needs.

Charles B. Rangel

We thank those Senators, both Republican and Democrat, who stood firm against tremendous pressure from the Bush administration, pro-drilling members of Congress and their allies in the oil industry. They recognize that the budget is an inappropriate place to decide controversial national policy matters like America's energy policy. We urge all members of Congress to remain steadfast in their belief that the vast, unspoiled wilderness of America?s Arctic National Wildlife Refuge is more than a line item in the Federal Budget.

Carl Pope

With 450,000 U. S. troops now in Vietnam, it is time that Congress decided whether or not to declare a state of war exists with North Vietnam. Previous congressional resolutions of support provide only limited authority. Although Congress may decide that the previously approved resolution on Vietnam given President Johnson is sufficient, the issue of a declaration of war should at least be put before the Congress for decision.

Dwight D. Eisenhower

It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.

Wright Patman

I see this piece of legislation as essentially being a declaration of virtual war. It is giving the President tremendous powers to pursue war efforts against a sovereign nation. ...I think it is another example of a flawed foreign policy that we have followed for a good many decades.

Ron Paul

In foreign affairs, the president can do what he wants unless Congress says no. In domestic policy, the president can't do anything unless Congress says yes.

Bill Vaughan

I believe that this president [George W. Bush], regrettably, rushed us into a war, made decisions about foreign policy, pushed alliances away. And, as a result, America is now bearing this extraordinary burden where we are not as safe as we ought to be.

John F. Kerry

Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government.

Janet Yellen

One of my chief criticisms of U.S. international policy is that Congress has largely abdicated its foreign policy-making responsibilities to the executive branch.

Chris Murphy

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

Janet Yellen

Bush promised a foreign policy of humility and a domestic policy of compassion. He has given us a foreign policy of arrogance and a domestic policy that is cynical, myopic and cruel.