Stimulus Package Quotes

It was clear soon after his election that Obama, like FDR, wanted to start dealing with the economic crisis immediately after his inauguration.

President Obama has only had two major policy victories during his tenure: the stimulus package and Obamacare. Both are massively unpopular. The stimulus package launched the Tea Party movement. Obamacare led to the Republican wipeout of 2010.

Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do.

Whatever the economy needs to maintain itself, the government will do it.

When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.

In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009.

If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

Finally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as possible, markets do occasionally fail, and when they do government can play a constructive role, as it did in the case of the auto rescue.

And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.

Extending federal unemployment insurance is vital for millions of Americans laid off through no fault of their own, and it serves as an important economic stimulus.

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

It's estimated for every $1 billion we spend on road construction, nearly 48,000 jobs are created.

I did not forsee a day where the government had to intervene to bail out basically everybody.

Immediate relief for the unemployed was the first essential

The American people know the economy is too weak. Too many of them are suffering. So the question for Washington is, are we going to continue to play political games and - and - or are we going to say, we can do something right now to create jobs, to put money in the pockets of the middle-class, hire construction workers, teachers, veterans?

Let us now praise Barack Obama.

Every time I hear a politician mention the word 'stimulus,' my mind flashes back to high school biology class, when I touched battery wires to a dead frog to make it twitch.

When historians look at the Obama presidency, they're likely to credit him especially for doing the politically unpopular things that were needed in 2009 to salvage the financial wreckage.

Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times.

Unemployment relief from The CARES Act - a popular and bipartisan solution - was a key lifeline not just for our families but also for small businesses.

There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

We had massive tax cuts in the early phases of the [George W.] Bush years… The decade following was the worst growth rate in over 60 years.

We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.

I don't think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies over all.

Any that is why I think any kind of a stimulus package is going to have to help people who are without work, without a job, help them have health insurance.