It's time that America's government lived by the same values as America's families. It's time we invested in America's future and made sure our people have the skills to compete and thrive in a 21st century economy. That's what Democrats believe.
I think it would take a real stretch to think that I caused the problems with the economy.
I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
To paraphrase Winston Churchill, I did not take the oath I have just taken with the intention of presiding over the dissolution of the world's strongest economy.
A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.
So the American economy needs the world, and the world needs the American economy.
Oil prices have certainly become a threat for the world economy.
We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
Europe should stick to an open economy, to competition and we should refuse protectionism. It will not save one single job in the long run to protect non-competitive industries.
Well, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year.
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
The Italian economy is certainly the weakest of the big European countries.