Words matter. These are the best John W. Snow Quotes, and they’re great for sharing with your friends.
We have the deepest and most liquid capital markets in the world.
Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
But clearly an economy that’s growing and expanding like this one – and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong – that’s an environment in which the Fed needs to continually be alert to early signs of inflation.
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.
The global economy is in pretty good shape.
We promote domestic savings by also things like the personal accounts associated with the president’s Social Security initiative, which over time would generate more savings.
Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
We’re focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
Well, there’s no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
And we have abundant natural energy resources in the country. We haven’t been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.
Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we’re committed to engaging the global economy.
