Marriner Eccles Quotes

The president's grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars.

Immediate relief for the unemployed was the first essential

Economic depression cannot be cured by legislative action or executive pronouncement.

Whatever the economy needs to maintain itself, the government will do it.

In response to the recession, the Obama administration chose to emphasize costly, short-term fixes - ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in 'green' companies. As a consequence, uncertainty over policy - particularly over tax and regulatory policy - slowed the recovery.

Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise.

And people talk about the stimulus package and the jobs that it was supposed to create, it certainly didn't have the intended effects that everybody was hoping for or that the president and administration certainly was hoping for. So I think it's time to lay some new solutions on the table, some new ideas.

I know it's going to be the private sector that leads this country out of the current economic times we're in. You can spend your money better than the government can spend your money.

I supported the stimulus package.

The American people and American businesses are looking to the federal government to lead our nation on the path to economic recovery. It is time to stop splitting hairs. It is time to act.

By 1939, the Depression was back. Unemployment was huge. Roosevelt didn't have any quick fix. Remember, the New Deal, Works Progress Administration, and Civilian Conservation Corps - all that happened years before. Roosevelt was riding a storm.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

To jump-start our economy, we must leave cash in your hands - because if you've got money in your pocket, you'll spend it at the hardware store or the corner market, and that will drive job growth in our private sector.

What do you think a stimulus is? It's spending - that's the whole point! Seriously.

Where we're coming down is we currently have $787 billion of stimulus that's been passed. We're certainly focusing on spending that money as quickly and as efficiently and as transparently as we can. We think that's absolutely the right strategy.

Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

The economy is too weak right now. We need to jump-start it. The American Jobs Act will provide that jump-start, to help us into next year and the year after that.

Now the proposal is yet again another $150 billion before we start to think about a freeze. But $150 billion spent on more government programs; monies being created to direct and what kind of jobs that Washington thinks ought to be created. Come on. I mean there is a government that can help, and the government can also hurt.

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.

As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.

I want to see the economy rebound.

And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

Obama's explanation for the slowdown in economic growth is that the public sector is hurting, and that's where Washington must step in and act.

We have to change course. And we have to do so now. That is why I worked with my colleagues in Washington to pass the Economic Recovery and Reinvestment Act.