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Quotes - Dubya the Economist (2003)
(Dubya's grasp of economics on full display)
Today, the unemployment rate dropped, as you may know, from 6 percent to 5.9 percent.
At that rate we'll be at full employment in two months, Halethorpe, Maryland, Dec. 5, 2003
We have an obligation to do everything we can to keep this country secure, to never forget the lessons of September the 11th, 2001, to find the enemy before they come again, to stay on the offensive, and to bring these killers to justice, which is what we're going to do. But it hurt our economy when they attacked us, of course. Not only did it change foreign policy, in other words, we can't sit there and pick and choose what threat we deal with. Now that we have become vulnerable, we're going to have deal with the threats before they mature and come upon us. But it hurt our economy. It hurt us pretty bad.
To sum up: we're on the offensive against terror, and they're the ones who ruined our economy, Halethorpe, Maryland, Dec. 5, 2003
See, when a person has more money in their pocket, they're likely to come to Home Depot.
I think someone had better check the corporate campaign contributions list, Halethorpe, Maryland, Dec. 5, 2003
Brian Stowell is here. ...He says the tax cuts helped a lot. That's his words, not mine. ...He's going to buy a new router, made in North Carolina. There's a router worker who's going to be a — benefit from his decision caused by tax relief.
Emphasizing tax relief fo "router workers", Manchester, New Hampshire, Oct. 9, 2003
And then we marched to war, war in Afghanistan and Iraq, all of which affected the people's confidence. That's a tough — tough hurdles to cross, when it came to our economy.
Dubya sloppily blames himself for the bad economy, Winston-Salem, North Carolina, Oct. 7, 2003
When somebody has more money in their pocket, they're more likely to demand a good or a service. And in our society, when you demand a good or a service, somebody is going to produce the good or a service.
New variation on this Dubya classic seems to indicate that production in response to demand is an attribute which is unique to American society, Milwaukee, Wisconsin, Oct. 3, 2003
You see, when Al and his company decides to buy a machine, somebody has got to make the machine. And that means somebody in the machine-making company is more likely to find a job, as well.
So simple... if only it made logical sense. Milwaukee, Wisconsin, Oct. 3, 2003
If you're working all your life to build up your small business, and you want to leave it whoever you want to leave it to, they shouldn't — that asset shouldn't be taxed twice, shouldn't tax your income when you're making money, and shouldn't tax it when you pass it on to your son, daughter, whoever you want to pass it on to, it doesn't make — we're working with the Congress to get rid of it.
Wow, Dubya proposes to eliminate all income tax (as long as you're making money, at least), Milwaukee, Wisconsin, Oct. 3, 2003
A free and peaceful Iraq will save this country money in the long term. It's important to get it done now.
Comments made three days after asking Congress for another 87 billion dollars, White House, Sep. 10, 2003
Higher productivity means that workers earn more.
I always thought it meant something different, but I guess I've learned something here, Richfield, Ohio, Sep. 1, 2003
Worker productivity accelerated last year at the fastest rate in more than a half century. This higher productivity means our workers receive higher wages.
I'm looking for a justification for that conclusion (I'll let you know when I've found it), Washington, D.C., Aug. 30, 2003
As the economy kind of got going again, the enemy attacked us. September the 11th had a significant impact on our economy. And then we discovered some of our corporate CEOs forgot to tell the truth, and that affected confidence. And then as you may remember, Tom, we had the steady drumbeat to war. As I mentioned in my press conference the other day, on our TV screens there was a — on some TV screens — there was a constant reminder for the American people, "march to war." War is not a very pleasant subject in people's minds, it's not conducive for the investment of capital.
In Dubya's mind, with this answer he's distancing himself from responsibility for the economic situation, despite being the person who initiated the "march to war", and being on friendly terms with many of the "corporate CEOs" who "forgot" to tell the truth, Washington, D.C., Aug. 1, 2003
We got attacked in 9/11. And then corporate scandals started to bubble up to the surface, which created a — a lack of confidence in the system. And then we had the drumbeat to war. Remember on our TV screens — I'm not suggesting which network did this — but it said, "March to War," every day from last summer until the spring — "March to War, March to War." That's not a very conducive environment for people to take risk, when they hear, "March to War" all the time.
So why did you continue marching, then, Dubya? Washington, D.C., Aug. 1, 2003
Paul Carrozza, who is an entrepreneur, a business entrepreneur, started with nothing except a good pair of legs, and started what they call RunTex.
I sure am glad that Dubya clarified he is a "business entrepreneur", rather than the other kind, Dallas, Texas, Jul. 18, 2003
We said loud and clear [to corporate scoundrels], if you cheat the shareholder and your employees, you will be held responsible for those decisions. The world is now more peaceful because we acted.
Who could have guessed that enforcing stricter economic policy has brought peace to the world? Fridley, Minnesota, Jun. 19, 2003
The crux of the plan I laid out said that if a person has more money in their pocket, they're likely to demand an additional good or a service. In our type of economy, when you demand a good or a service, somebody is going to produce the good or a service. And when somebody produces that good or a service, it's more likely a fellow citizen will find work.
Just one more instance of a Dubya repeat offense, Chicago, Illinois, Jun. 11, 2003
I look forward to signing the economic recovery bill soon. The principle of the bill is pretty simple, that we believe the more money people have in their pockets, the more likely it is somebody is going to be able to find work in America. In other words, the more money somebody has, it means somebody is more likely to demand a good or a service, which means somebody will produce a good or a service, which means somebody is likely to find work.
Sounds like sound economic theory to me, Washington, D.C., May 22, 2003
And so today I was down there in Albuquerque, New Mexico, and I was talking to some entrepreneurs and talking to a guy who owned his own garage. I can't remember how long — I think he's owned his business for 20 years. He started off with two people. He's now up to maybe a couple of — you know, 20 people. Anyway, he's growing.
That Dubya's all about details, ain't he? Omaha, Nebraska, May 12, 2003
We got into deficit because the economy went into the recession — is how we got into deficit.
Little Rock, Arkansas, May 5, 2003
But one of the problems of being a productive economy is that a worker can — one worker puts out — there's better output per worker, let me put it to you that way.
Yes, a rewording might be wise, Little Rock, Arkansas, May 5, 2003
[Jim Davis, an Arkansas small business owner] was reminding me that by getting rid of the double-taxation of dividends, he would save $5,700 — money, which, by the way, that he would seriously consider putting back into his insurance company. He'd like to hire two additional employees. The double-taxation — getting rid of the double-taxation of dividends would make it more likely two people would find work in Jim's business.
So is Jim planning on paying them each $2850 a year? I don't see the cause and effect that will allow him to hire two more people. Little Rock, Arkansas, May 5, 2003
We got a recession because we went to war.
Trying to blame the recession (which began before the Sept. 11 attacks) on "the war", which is problematic to say the very least, Santa Clara, California, May 2, 2003
For the sake of job growth, let's put those tax cuts we've already got in place, in place today so people can find work.
So are they in place yet or not? Santa Clara, California, May 2, 2003
And we had an emergency and a recession, which affected the revenue growth of the U.S. Treasury. I mean, the stock market went down. Some of the pie-in-the-sky projections didn't make, and the investors said, oops. The numbers weren't real. The investors said, well, it looks like the days of everything is going up may end. And so people started selling, and the markets went down. That affected the revenues coming into the U.S. Treasury. Recession — negative growth means less revenues. And so, of course, we've got a deficit.
Proving he earned his MBA (?), Canton, Ohio, Apr. 24, 2003
But this nation has got a deficit because we have been through a war.
Do me a favor and refresh my memory... Who was it who sent us to war again? Canton, Ohio, Apr. 24, 2003
Last year, this company paid out more than $30 million in dividends — and a lot of that went to Timken employees. So when you hear politicians say the tax cut is only for the rich, they're talking about you.
So is he admitting that the critics are right, or just trying to be cute? Canton, Ohio, Apr. 24, 2003
The most interesting statistics about the entrepreneurial spirit is the number of Hispanic small businesses that are flourishing in our country.
Simultaneously strained in grammar and logic, Washington, D.C., Apr. 15, 2003
Well, I agree with [Senator] Zell [Miller], with this economic theory — that when a person has more money in their pocket, they're likely to demand somebody to produce them a good or a service. In other words, you get money in your pocket — you say, well, I think I'd like this product, or I'd like this service. [Five minutes pass...] You'll hear in a minute what people do with extra money in their pockets. You know what they do? They invest, or they hire.
Speaking with small business owners, Kennesaw, Georgia, Feb. 20, 2003
I know there's some concern about overstating of numbers, you know, invest in my company because the sky's the limit. We may not be cash flowing much, but the sky's the limit. Well, when you pay dividends, that sky's the limit business doesn't hunt. What only matters is whether or not they can distribute that cash they say they're going to distribute. It leads to conservative business practices. It leads to being people — more businesses being responsible with your money.
Convoluted statement made to small business owners, Kennesaw, Georgia, Feb. 20, 2003
Twenty-three million businesses will receive over $2,000 in income tax relief. Now, that means a lot when you start thinking about the implications. I mean, you've got a one-man shop. $2,000 may mean the capacity to buy a machine, leverage the money to buy a machine, which means another job.
Apparently every machine bought leads to the creation of a job, or at least it does in the economy in Dubya's mind, Jacksonville, Florida, Feb. 13, 2003
If we get rid of the double taxation of dividends, it means that one of the good investment vehicles for a child who is young today will be a dividend paying stock.
As opposed to a child who is old today? Alexandria, Virginia, Feb. 12, 2003
The more money they have in their more pockets — in their pockets, the more likely it is that somebody will find work.
Economic wisdom from good ol' Dubya, at the Greenbriar Resort, White Sulphur Springs, West Virginia, Feb. 9, 2003
Ten million seniors receive dividends. It's a part of their retirement package. It's a part of making sure the quality of life is high. A dividend is a part of a dollar that has gone through our system that has been taxed twice.
trying to explain taxation of dividends, but missing the mark, Grand Rapids, Michigan, Jan. 29, 2003
When a fellow American has more money in his or her pocket, they're more likely to demand a good or a service. And in the marketplace which we have in America, when somebody demands a good or a service, somebody is more likely willing to produce that good or a service.
Still having problems with this oft-repeated stump speech content, Grand Rapids, Michigan, Jan. 29, 2003
But there is a difference of opinion about who best to spend your money in Washington, D.C. Sometimes they forget whose money you're spending. Listen to the rhetoric.
May I suggest that you listen to your own rhetoric first, Dubya? Jan. 22, 2003
So I met a guy today named Joe.... He said, by allowing businesses to expense up to $75,000, it means somebody is more likely to buy a copying machine, or in this case, an architectural fancy machine.
I'm thinking this statement is a lot more Dubya than it is Joe, St. Louis, Missouri, Jan. 22, 2003
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