I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!
We're grappling with the same issue facing all advanced economies - how to revive growth and distribute its fruits more fairly. An America that can tackle that problem head-on can perhaps help revive a stagnant global economy.
I think 4 percent growth is a good goal. And I think the fact that we have become used to an economy that sort of putt putts along between 1 and 2 percent is sort of tragic.
The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.
We all know growth is absolutely vital to a free society. No one should want Australia to be a stag-nation: a nation with a stagnant economy and stagnant aspirations.
There is no legislative change that can be made to make up for an economy that's not growing and not expanding.
Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility instead of a stagnant, government-directed economy that stifles job creation and fosters government dependency.
It's true that redistributing income to the needy is politically easier in a growing economy than in a stagnant one.
France's economy is stagnant, statist, and uncompetitive and urgently needs reform.
Labor is getting a shrinking slice of a pie that's not growing very much.
The economy has barely recovered from the so-called 'Great Recession', with a 2 percent annual rate of growth since mid-2009. Peak worker wages, business investment, and productivity all occurred around the year 2000.
Faced with a political process no longer responsive to or even aware of the stagnation of a middle class once ever improving, those voters grabbed for what they saw as the loat precondition of politics, political sovereignty,
The truth is the middle class is not only stagnant but it is my fear that, without sustained and focused action, it is at risk of disappearing.
More of the same will just produce more of the same: less competitiveness, less growth, fewer jobs.
The consequences of a lack of new knowledge is decades of stagnation: the next generation will be poorer than this one.
I think we'll say flat is the new growth in the short term.
