Warren Buffett Quotes

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

I think there is need for economic stimulus... and government can help make that up in a very difficult time.

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 was elected by the people of Australia as Prime Minister of Australia. I was elected to do a job, I intend to continue doing that job. I intend to continue doing it to the absolute best of my ability. Part of that job has been to steer this country through the worst economic crisis the world has seen in 75 years.

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

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.

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.

I think that this is the most significant financial crisis in the post-War period for the United States, and it has in fact a global reach.... I think it is extraordinarily important to understand that, as we have seen in many previous examples of different countries and different times, choking up of credit is like taking the lifeblood away from the economy.

Let’s have a moratorium on press conferences …. Get off your asses and let’s do something and fix the biggest doggone crisis in the history of this country.

The economic meltdown that would define every aspect of Obama's economy came to a head well before he became president, of course, and so did the legislation that would be the basis for everything that came after.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people.

I want to make it very clear that this middle-class tax cut, in my view, is central to any attempt we're going to make to have a short-term economic strategy and a long-term fairness strategy, which is part of getting this country going again.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

What the president announced yesterday, is that somehow magically, if we just continue to prime the pump of taxpayer dollars, we're going to see magically an economic recovery.

We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.

The American people know the economy is too weak. Too many of them are suffering. So the question for Washington is, are we going to continue to play political games and - and - or are we going to say, we can do something right now to create jobs, to put money in the pockets of the middle-class, hire construction workers, teachers, veterans?

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

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.

Actually, I have been very supportive of a very robust stimulus package from day one. I think this economy has to have a major stimulus initiative because the only group with liquidity is the federal government.

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

The economic recession in America wasn't caused by bad luck; it was caused by bad Republican policies. But the Republican candidates are doubling down on the same flawed policies that led to the loss of 3.6 million jobs in the final months of 2008 and gravely affected middle class families across America.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.