4 Barack Obama Quotes on Economy

Barack Obama quotes on economy

23. How does America find its way in this new, global economy? What will our place in history be? Like so much of the American story, once again, we face a choice. Once again, there are those who believe that there isn't much we can do about this as a nation. That the best idea is to give everyone one big refund on their government-divvy it up by individual portions, in the form of tax breaks, hand it out, and encourage everyone to use their share to go buy their own health care, their own retirement plan, their own child care, their own education, and so on. In Washington, they call this the Ownership Society. But in our past there has been another term for it-Social Darwinism-every man or woman for him or herself. It's a tempting idea, because it doesn't require much thought or ingenuity. It allows us to say that those whose health care or tuition may rise faster than they can afford-tough luck. It allows us to say to the Maytag workers who have lost their job-life isn't fair. It let's us say to the child who was born into poverty-pull yourself up by your bootstraps. And it is especially tempting because each of us believes we will always be the winner in life's lottery, that we're the one who will be the next Donald Trump, or at least we won't be the chump who Donald Trump says: 'You're fired!' But there is a problem. It won't work. It ignores our history. It ignores the fact that it's been government research and investment that made the railways possible and the internet possible. It's been the creation of a massive middle class, through decent wages and benefits and public schools that allowed us all to prosper. Our economic dependence depended on individual initiative. It depended on a belief in the free market; but it has also depended on our sense of mutual regard for each other, the idea that everybody has a stake in the country, that we're all in it together and everybody's got a shot at opportunity. That's what's produced our unrivaled political stability.

44. I would immediately call the president of Mexico, the president of Canada, to try to amend NAFTA, because I think that we can get labor agreements in that agreement right now.

53. 'Bush-McCain policies have... ballooned the national debt.'

56. You go into some of these small towns in Pennsylvania, a lot like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them. And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not. So it's not surprising then that they get bitter, they cling to guns or religion or antipathy towards people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.