“[S]o often in the past there’s been a sharp division between left and right, between capitalist and communist or socialist. And especially in the Americas, that’s been a big debate, right? Oh, you know, you’re a capitalist Yankee dog, and oh, you know, you’re some crazy communist that’s going to take away everybody’s property. And I mean, those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don’t have to worry about whether it neatly fits into socialist theory or capitalist theory — you should just decide what works.”
“At the end of last year, there were 5 million people receiving emergency UI [unemployment insurance]. This year, there are only 2 million. It’s working.
We’re all talking about a stimulus. How do we get the economy moving? This is the best stimulus there is.”
“If you talk to economists, they will tell you there are two things that are the most stimulative that you can do – one’s unemployment insurance, the other’s food stamps, okay?
Why is that? Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”
“Everybody knows that government creates jobs.
Government creates jobs in highways. We hire private contractors. That creates other jobs. It builds an economic foundation for job creation.
During the fifties, the sixties, the seventies, the eighties, the United States had great infrastructure programs. We were the envy of the world. Those are clear formulaic job creating strategies that we know.”
“This congressional Republican budget is something different altogether. It is a Trojan Horse. Disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country. It is thinly veiled social Darwinism. It is antithetical to our entire history as a land of opportunity and upward mobility for everybody who’s willing to work for it; a place where prosperity doesn’t trickle down from the top, but grows outward from the heart of the middle class. And by gutting the very things we need to grow an economy that’s built to last — education and training, research and development, our infrastructure — it is a prescription for decline.”
“Mitt Romney, Rick Santorum and Newt Gingrich, these guys have a fundamentally different economic philosophy than we do. Our philosophy, ours is one that values the workers in the success of a business. It values the middle class in the success of our economy. Simply stated, we’re about promoting the private sector, they’re about protecting the privileged sector.
We are for a fair shot and a fair shake, they’re about a no rules, no risks and no accountability.”
“The unemployment insurance extension is not only good for individuals. It has a macroeconomic impact. As Macroeconomic Advisers have stated, it would make a difference of 600,000 jobs to our economy.”
“National Public Radio went looking for one of these fictitious, millionaire job creators… Millionaire job creators are like unicorns, they are impossible to find and don’t exist.”