A Quote by John Delaney

The United States faces structural employment problems because of the long-term effects of globalization and technology. This was only exacerbated by the Great Recession.

John Delaney

Quote Topics

Because Effects Employment Faces Globalization Great Great Recession Long Long-Term Only Problems Recession States Structural Technology Term United United States

Quote Author

John Delaney
American - Politician
Born: June 29, 1956

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

Janet Yellen

The United States came into the coronavirus recession with a few structural advantages, including a highly diversified economy.

Annie Lowrey

Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.

Michael Spence

What is true, and I think that we can't deny it, is that some of the same concerns about globalization, about technology, rapid social change that were reflected in Brexit, that's been reflected in some of the debates in Germany and France and other places, that those exist in the United States as well. My view is that over the long term, over the next 10, 15, 20 years, if we are able to address the legitimate economic concerns of those who feel left behind by globalization, then many of these tensions will be reduced. And we will see a world that is less divided.

Barack Obama

The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.

Paul Saffo

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

Stephen Harper

As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States.

Xi Jinping

At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

Mark Zandi

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

Steve Mnuchin

In the long term, the United States could greatly benefit Islam by uniquely freeing the religion from government constraints and permitting it to evolve in a positive, modern direction. But that's the long term.

Daniel Pipes

It appears to me that one great cause of our difference in opinion on subjects which we often discuss is that you have always in mind the immediate and temporary effects of particular changes, whereas I put these effects quite aside, and fix my whole attention on the long-term effects that will result from them.

David Ricardo

If you think about the last 50 years, Africa's proximity and historical context has absolutely been with Europe and the United States, but their approach in dealing with the economic challenges that Africa faces in particular has been one of handing out aid, not developing economies, not building a long term relationship around agriculture and so on.

Dambisa Moyo

The long-term strategic goals of Iran and the long-term strategic goals of Turkey are close to the long-term strategic goals of the United States.

Stephen Kinzer

Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.

Ben Bernanke

Your short-term gains are the rest of the world's long-term disasters - for everybody, including yourselves. And, I'm sorry, I've been saying you and the United States or America, when I actually mean the US government. There's a difference. Big one.