Robert E. Rubin Quotes
We will export more to Latin America than Europe in the next 10 years, and we already export more to Asia than to Europe. That was unthinkable 30 years ago.
Robert E. Rubin, Secretary of the Treasury (Democrat), Assistant to the President for Economic Affairs (Democrat), Lecture, “Political & Economic Effects of the Marshall Plan”, George Washington University, Washington DC, June 2, 1997
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Hoover, a brilliant administrator, seems to have been on the wrong side of most economic issues.
Turgot was one of the most advanced economic thinkers in Europe and realized, even before most of the Americans, that by freeing itself England, that the Americans would be forced to become free traders and that in turn would make America a major Economic power despite the fact that American economic policy over the years vacillated between protectionism and free trade.
With the largest population in the world and the rapid growth in the standard of living, China had replaced the United States and Europe as the most desirable export target.
It is very easy for an American company to make parts in the United States, ship them to Mexico for assembly and bring the finished product back. However, for counties like France it is much more difficult.
Most Americans were just beginning to comprehend the importance of international relations to American agriculture and our food supply.
Robert Edward Rubin is an American retired banking executive, lawyer, and former U.S. presidential cabinet member. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992.