Bill Clinton Quotes
Let's adopt some short-term strategies to get growth going and then let's have a long-term debt reduction package. That's what I think we should do and I think it will work.
Clinton, Bill. Back to Work: Why We Need Smart Government for a Strong Economy. Knopf, 2011.
The Progressive article was an interview with Movie Director and Screenwriter Oliver Stone who told the interviewer that he had learned of this quotation when he did his research for his film, South of the Border where he had several interviews with President Kirchner.
Iceland's economy collapsed in the Meltdown of 2008. Their largest banks failed completely as they had engaged in the same kind of risky investments as the American banks had. Their government however did not have the assets to bail their banks out. So they let the banks fail and protected the small depositors with their limited assets. They then devalued their currency drastically, making their fishing and other products a great bargain for other nations of the world and though humiliated the Islanders started getting jobs as demand for Islandic exports grew. Some Icelanders who owned companies were making a great deal of money. Taxes were raised for high income citizens. To prevent the money being taken out of the country and invested so that the jobs would not benefit Icelanders or the earnings were not as taxable in Iceland, the nation imposed Capital Controls—no money was allowed to be taken out of the country except small amounts for business travel expenses. Iceland recovered rapidly and by 2015, at which point the Minister of Finance felt that the country was losing more than it was gaining, so it was time to end the Capital Controls.
William Jefferson "Bill" Clinton is an American politician who was the 42nd President of the United States from 1993 to 2001. Clinton was previously Governor of Arkansas from 1979 to 1981 and 1983 to 1992, and the Arkansas Attorney General from 1977 to 1979. Clinton was born William Jefferson Blythe III – he changed to his stepfather's name at age 15.