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Quotes - Dubya the Economist (2002)
(Dubya's grasp of economics on full display)
The page of the economic textbook that we've read from says that if you let a person keep more of their own money, they're more than likely to demand an additional good or a service. They're likely to demand a good or a service, and when they do that, somebody is likely to produce the good or a service. And when somebody produces the good or a service, it's more likely somebody is going to be able to find a job.
Still having problems with this frequently used stump speech phrasework, Dallas, Texas, Nov. 4, 2002
One of the problems we have is that enough people can't find work in America.
Given the wording, that sounds like a problem for us more than for Dubya, Bentonville, Arkansas, Nov. 4, 2002
Of course, we've got a — our economy is kind of bumping along. It's not as strong as it should be. It's bumping and bumping.
Putting it in layman terms that only he understands, Cedar Rapids, Iowa, Nov. 4, 2002
Here's the page of the textbook we read from — the economics textbook, that is. We strongly believe that if you let a person keep more of their own money, they're likely to demand a good or a service. And when they demand a good or a service, somebody is likely to produce the good or a service. And when somebody produces that good or a service, somebody in Georgia and around America is more likely to find work.
Wow, somebody in Georgia? Specifically? Along with somebody around America, too? Your textbook sure is impressive, Dubya! Atlanta, Georgia, Nov. 2, 2002
Millions of — thousands of people — millions of dollars and thousands of people — millions of dollars aren't being invested and thousands of people aren't working.
It's neat, you can see the sentence take shape before your very eyes, Portsmouth, New Hampshire, Nov. 1, 2002
If you put your mind to it, the first-time home buyer, the low-income home buyer can have just as nice a house as anybody else.
Apparently wealth is "all in the mind", Washington, D.C., Oct. 15, 2002
This is — an ownership society is a compassionate society.
Huh?!? Washington, D.C., Oct. 15, 2002
It's hard for me to explain why we need to make [the tax cuts] permanent. It's kind of some of the things that happen in Washington. On the one hand, they taketh away. On the other hand, they giveth.
He is absolutely right. It is hard for him to explain. Denver, Colorado, Sep. 27, 2002
We need people up there who understand that if Congress overspends it will serve as an anchor to economic vitality and growth.
I think Dubya's trying to say overspending is a bad thing, but that's not how it comes across, Houston, Texas, Sep. 26, 2002
You'll hear, we're going to spend — the government is going to spend the government money here, and the government is going to spend the government here.
I hope that's not what we're going to hear, Trenton, New Jersey, Sep. 23, 2002
In order to make sure the country was stronger, I pulled this page out of the economic textbook, the page that says, if you let people keep more of their own money, they're going to spend it on a good or a service. If they spend it on a good or a service, somebody will produce the good and service. And if somebody produces a good or service, some American is more likely to find work.
Trenton, New Jersey, Sep. 23, 2002
You see, if you have more money in your pocket, you're going to demand a good or a service. And when you demand a good or a service, somebody is likely to produce or to make that good, or produce that service. And when somebody produces the good and service, it means somebody is more likely to find work.
Davenport, Iowa, Sep. 16, 2002
I'm so proud to be here to embrace his candidacy. ...Bill Simon is a proven businessman.
Showing support for the GOP gubernatorial candidate in California, whose firm had recently been convicted and ordered to pay $78 million in damages for defrauding a partner, Stockton, California, Aug. 23, 2002
Here's the theory behind that. If you let a person keep their own money — and by the way, we're not talking about the government's money, when we're spending money, we're talking about the people's money. You let somebody keep their own money, they're likely to demand a good or a service. And if they demand a good or a service, somebody is likely to produce that good or service. And when somebody produces a good and service, somebody is more likely to find work.
Dubya almost managed to make it through this time without converting "good or service" into "good and service". Almost. Central Point, Oregon, Aug. 22, 2002
We've got some challenges that face our economy, there's no question about it. I mean, the first three quarters of my presidency we were in recession. That means the economy was going backwards, it was negative growth. The next three quarters we've had positive growth. But about halfway through that time, the enemy hit us, and it affected our economy.
If the enemy hit us halfway through the second set of three quarters since Dubya took office, that would put the terrorist strike sometime around February, 2002. Oh, well. Central Point, Oregon, Aug. 22, 2002
I remember telling people that where I came from, at least the economic book that I believe in say, if you've got tough times in your economy, you got to let people keep more of their own money.
Central Point, Oregon, Aug. 22, 2002
I mean, after all, for the first three quarters when I was the president, we were in recession, and then that September the 11th hit, and that hurt our economy. And then, some of these liars showed up, some of these scandals started to surface. They've been in the making for a while, but they began to bubble up. And that shook the confidence of our country.
Finding new explanations for the state of the economy (including among his peers, though he wouldn't want you to draw that conclusion), Milwaukee, Wisconsin, Aug. 15, 2002
I think one of the things you'll hear is that even though times are kind of tough right now, that we're America.
Economic Recovery and Job Creation Session, President's Economic Forum, Baylor University, Waco, Texas, Aug. 13, 2002
See, in times of recession it's important to let people keep their own money. And when they keep their own money, they're going to demand some good or service. And by demanding a good or a service, somebody will produce the good and service, which means jobs. That's what that means.
Economic theory by Dubya, Jackson, Mississippi, Aug. 7, 2002
When you have your own money, it means you've got more money to spend.
Well, not necessarily... Greensboro, North Carolina, Jul. 25, 2002
So they started quoting these textbooks that said, when times are slow, raise taxes. When times are slow, don't let the people keep their money. The textbook I read says that if we let you have your own money, you'll decide to spend it on a good and service. And if you decide to spend it on the good and service, somebody will produce the good and service. And when somebody produces the good and service, it means somebody is going to find work.
Concept repeated by Dubya so many times that he fails to notice replacing "good or service" with "good and service" — 4 times — Birmingham, Alabama, Jul. 15, 2002
As well, in order for us to have the security we all want, America must get rid of the hangover that we now have as a result of the binge, the economic binge we just went through. We were in a land of — there was endless profit, there was no tomorrow when it came to, you know, the stock markets and corporate profits. And now we're suffering a hangover for that binge.
Finding an interesting metaphor (especially given Dubya's history) for describing the economy, Birmingham, Alabama, Jul. 15, 2002
Note: This quote is dubious in origin, and is likely to have been a statement made in jest by the baroness.
The problem with the French is that they don't have a word for 'entrepreneur.'
Statement reportedly made to British Prime Minister Tony Blair, and repeated by Baroness Williams of Crosby, Washington Post, Jul. 10, 2002
Sometimes things aren't exactly black and white when it comes to accounting procedures.
Justifying his oil firm's accounting record, Washington, D.C., Jul. 8, 2002
Adam, as you know, my position is, is that the dollar will seek its level based upon — based upon market forces and based upon whether or not our country can rein in spending, can recover, can revitalize our manufacturing base. And so the dollar will seek its appropriate level based upon market forces.
Leaving off right where he started, and dispensing with all said in between, Kananaskis, Canada, Jun. 25, 2002
My view is — and you know what it is, which is if you let people keep more of their own money, they'll spend it. And when they spend it, they're going to demand a good and service and then somebody's got to provide the good and service.
Washington, D.C., Jun. 13, 2002
If you're running your company, by the way, you're responsible for fully disclosing your assets and your liabilities. And that's what — and it's happening, it's happening.
Oddly emphatic statement that Dubya has offered up many times following the start of the Enron scandal, Washington, D.C., Jun. 13, 2002
But if you're fortunate enough to be an American — responsibility to love your neighbor. That if you run in — if you're in corporate America you have a responsibility to your workers and your shareholders to fully disclose assets and liabilities.
Two unrelated themes tied together unconvincingly, Cedar Rapids, Iowa, Apr. 15, 2002
When the enemy hit, they not only killed a lot of innocent people, but they affected our economy. And it's one of the reasons I'm so proud we cut the taxes on the people who work.... I want to remind the people about what took place before September the 11th. Tax rebate checks started coming in the mail.
So which is it Dubya? Were the tax cuts meant to address the aftermath of Sept. 11 or not? Kind of hard to if they were made beforehand. Cedar Rapids, Iowa, Apr. 15, 2002
If you welcome trade into your country, it creates the notion of freedom. It gives people, consumers, the opportunity to demand product, which is part of a free society.
Freedom brought on by the desire to buy stuff? Okay, I guess it worked for China, right Dubya? That place is a textbook example of freedom. White House, Apr. 4, 2002
I remember campaigning in Chicago one time, and the guy said, would you ever deficit spend? I said, well, only if we were at war, or the country was in recession, or there was a national emergency. I didn't realize we were going to get the trifecta.
At least the 4th documented "trifecta" statement by Dubya, who apparently doesn't see the comparison of tragedy to winning big at the horse races as inappropriate, Four Seasons Hotel, Philadelphia, Pennsylvania, Apr. 3, 2002
You see, we understand — Phil understands, I understand, and John understands — that if you let people keep more of their own money, they will demand more goods and services. And if they demand more goods and services, somebody will help produce those goods and services. And if somebody else produces those goods and services, it makes it easier for somebody to find work.
An explanation of "Dubya-nomics" made to the Republican Party of Texas, Dallas, Texas, Mar. 29, 2002
You know, when I was campaigning in Chicago, in the general election, somebody said, "Would you ever deficit spend?" I said, "Well, only if we were at war, or there was a national emergency, or we were in a recession." Little did I realize we'd get the trifecta.
Yes, America hit the jackpot, and Duyba has free reign to deficit spend, Republican Party luncheon, Dallas, Texas, Mar. 29, 2002
Look, I don't care about the numbers. I know the facts.
Answer to economists who were debating the economic impact of September 11, St. Petersburg, Florida, Mar. 8, 2002
The best way to battle an economic slowdown is to get people your own money back so you can spend it.
Des Moines, Iowa, Mar. 1, 2002
You know, I, I was campaigning in Chicago, and somebody asked me, what, is there ever any time where the budget might have to go into deficit? I said only if we were at war or had a national emergency or were in a recession. Little did I realize we'd get the trifecta.
One of many occasions where Dubya has made light of war, recession and national emergency in this manner, Charlotte, North Carolina, Feb. 27, 2002
He [Prime Minister Koizumi] said I want to make it very clear to you exactly what I want to do and he talked about non-performing loans, the devaluation issue and regulatory reform. And he placed equal emphasis on all three.
Dubya, misstating that he and Japanese Prime Minister Junichiro Koizumi had discussed devaluating the Yen (his handlers said he meant to say "the deflation issue"), sending the Japanese currency into tailspin in the process. Oops. Tokyo, Japan, Feb. 18, 2002
The first condition to make sure that people can find work is to make sure our nation is secure, secure against an enemy that wants to attack us.
Offering interesting economic theory, John Deere Harvester Works, East Moline, Illinois, Jan. 14, 2002
Not over my dead body will they raise your taxes.
Apparently capable of preventing tax hikes, even from the afterlife, Ontario, California, Jan. 5, 2002
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