Barack Obama Quotes


Well, I think that when you think about the challenges we face, these are challenges that require us to look forward and not backwards. When it comes to the economy I think we have to recognize that we are now in a global economy. And that the measure of our success is: how well are we training our workers? How well are we investing in the new energy economy?


Citations

Obama, Barack. "Presidential Debate." Hempstead, NY, 16 Oct. 2012.

Related Quotes

Large financial companies insist on profits at regular intervals and predictability whereas the innovative companies do not do well trying to meet those conditions and spending their time with the large finance company. While large financial companies were important to finance companies on the latter part of the 20th century, it was the smaller finance companies who financed most of the very important start-ups. By the 21st century, companies like Google and Facebook, made their own public stock offerings bypassing the financial industry. Many other smaller companies were financed via crowd sourcing which also bypasses the financial industry. His point is that the large successful companies can get the funds the need for growth without large finance companies. Smaller firms and startups can (and do) obtain funds through small finance firms or direct private investment. The large finance companies not only inhibit innovative growth he warns but they become such a dominant and controlling force that the industry becomes too big to fail, and the failure of a single large finance company could destroy the entire country’s economy. It happened to Island when their largest bank failed, and to the United States in the Meltdown of 2008.


Barack Obama
Barack Obama
  • Born: August 4, 1961
  • Nationality: American
  • Profession: President

Barack Hussein Obama II is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004.