Barack Obama Quotes

Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed. We must create a new international financial architecture for the global age.

I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.

The key to a resilient global recovery, where growth in each country advances growth in every country, is action directed at supporting demand at home.

Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise.

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

I think the average American recognizes that it took years to create the crisis that erupted in 2008 and peaked in January of 2009. And it's going to take some time to work through it.

The International Monetary Fund is the doctor to sick economies.

The prestige of the international financial institutions rates less than zero.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

I wouldn't like Greece to stay recession. I do think that everything has to be undertaken to reconnect with growth.

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

There is a direct connection that cannot be severed between the diplomatic process and growth and prosperity.

If the countries of Europe and of North America can be almost uniformly prosperous, we don't see why we cannot be allowed to be a little prosperous.

Now, I don't think President Obama and Vice President Biden get the credit they deserve for saving us from the worst economic crisis of our lifetimes. Our economy is so much stronger than when they took office.

New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns.

The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades, in promoting financial stability and prosperity around the world.

Europe can be saved.

America should do more to fix the still-festering housing crisis and overhaul its training schemes so that high joblessness does not become entrenched. Hunkering down for austerity is not enough. The rich world needs a strategy for growth.

The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.

I was with top CEOs in 2009, and they were clearly shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they are seeing a decline somewhere, there is also growth elsewhere, like in emerging economies.