Quotes from the news wire:
Ever since I’ve talked to the president about the economy, he’s distinguished between the short-term and the long-term, between consumption and investment, these have always been foundational to his economic thinking.
Found on CNN 1 year ago
If you look at the unconscionable actions of Putin, weaponizing energy, amplified by the short-sighted and misguided decision by OPEC+ recently, then sure, having the [Strategic Petroleum Reserve] there for potential release is an important tool.
Found on FOX News 2 years ago
We have an unemployment rate that is 3.5%. There is no recession that would prevail with that kind of unemployment rate. We’re obviously adding hundreds of thousands of jobs per month. We have consumers who still have pretty strong balance sheets. We still have job vacancies. … We actually think the probability for a soft landing is good.
Found on FOX News 2 years ago
I would look at the following variables, which happens to be the same ones that the group I was just talking about, retail sales, payroll, employment, consumer spending, industrial production, all of those have not been flashing red, all of those are not in recessionary territory, now, if you're asking me to look around a corner and say where the economy is going to be, I got to tell you that everybody's crystal ball is a bit cracked right now, and I think the uncertainty out there makes it tough.
Found on FOX News 2 years ago
While we knew the virus was unpredictable, no one had any way of knowing in February or March 2021 the extent to which Omicron would spike cases and thereby disrupt economic activity, similarly, the Putin invasion was not something anyone was building into their energy-price forecasts.
Found on CNN 2 years ago
It's hard for people to wrap their head around that when inflation is north of 8 %, but imagine going through that without the backdrop of the strongest labor market practically on record.
Found on CNN 2 years ago
It turns out that the peak of Omicron cases coincided with when the [ January ] data for the payroll survey was being collected, and if you were not at work, if you were on unpaid leave, you're not counted as being on the payroll.
Found on CNN 2 years ago
The key point, from our perspective, is the underlying strength of the economy, the underlying strength of the job market, is ongoing because as we have seen, the caseloads are turning over.
Found on CNN 2 years ago
President Joe Biden, who I have worked for for many years... has a habit of pulling legislative rabbits out of hats. And has done so many times, joe Biden is not by any means done fighting for Build Build Back Better done. When I talk to Joe Biden about that, Joe Biden has some confidence about that.
Found on CNN 2 years ago
President Biden, who I have worked for for many years... has a habit of pulling legislative rabbits out of hats. And has done so many times, he is not by any means done fighting for Build Back Better. When I talk to him about that, he has some confidence about that.
Found on CNN 2 years ago
The President has long recognized that blue-collar workers, non-college-educated workers, workers in traditionally lower-paid sectors, such as laborers in manufacturing or providers of care to kids and older persons, in many ways those workers have for too long been forgotten by even Democrat policy makers, who basically told them,' Get a college education and you'll be fine,' which is not a viable option for a lot of people and seems pretty dismissive of their experience. I think The President's always bridled at an economics that leaves behind two-thirds of the workforce [ without college degrees ] and especially given that it's the two-thirds of the workforce that's been least pulled along by economic growth.
Found on CNN 3 years ago
The idea here is not just to provide some sort of a near-term stimulus that keeps people busy for months or quarters, it's to fundamentally transform key sectors within our economy that disproportionately employ blue-collar and service workers... in a way that incentivizes not just more jobs, but higher-quality jobs.
Found on CNN 3 years ago
For both The President and the first lady it's never an either/or, it's always a both/and, we have to make sure that education is accessible for all comers, but we can't do that at the expense of a current workforce that is in need of high-quality jobs.
Found on CNN 3 years ago
But neither are we sitting on our hands, we are doing, not just a lot, but more than I've even seen in this space.
Found on CNN 3 years ago
What we’re trying to do here is put some real money where our mouths are, you don’t just train somebody for a job that might or might not exist. Instead, you look around the corner and see where labor demand is going to be next year.
Found on Reuters 3 years ago
I think he is wrong in a pretty profound way about that claim in the following sense and there's a way in which Larry's offering a warning that we've already heeded. ... I very much disagree with the thrust of the argument is that we have to go big and we have to go bold here to finally put this crisis, to finally put this virus behind us and to finally and reliably launch a robust, inclusive and racially equitable recovery, we have consistently said the risks of going to small are much greater than the risks of too much. Now that doesn't mean there are no risks engaged in the kind of work that we're doing because that's always the case in the economy.
Found on CNN 3 years ago
It becomes awfully hard for Republicans to bash the president about the economy in general or about the so-called job killer Obamacare in particular on the heels of not just this month's report, but the gradual improvement in the job market, and if the wage improvement story sticks, and I kind of think it might, that takes very important argument off the table.
Found on CNN 9 years ago
These folks would unquestionably be worse off in the absence of Medicare.
Found on Reuters 9 years ago
One thing that you have to watch for is people just tacking the words poverty and inequality onto a pre-existing agenda that has very little to do with addressing those problems, for the most part, I hear lots of the same trickle-down economics that helped to get us into this mess in the first place.
Found on CNN 9 years ago
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