Quotes by John W. Snow - Page 1 | QuoteForever

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Higher energy prices act like a tax.
John W. Snow / Former United States Secretary Of The Treasury
Energy
Higher
Taxes
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The global economy is in pretty good shape.
John W. Snow / Former United States Secretary Of The Treasury
Economy
Global Economy
Global
Good Shape
Pretty Good
Shape
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You don't fix the problem until you define it.
John W. Snow / Former United States Secretary Of The Treasury
Define
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We have the deepest and most liquid capital markets in the world.
John W. Snow / Former United States Secretary Of The Treasury
Liquid
World
Capital
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Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
John W. Snow / Former United States Secretary Of The Treasury
Currency
Practice
Relative
Roles
Commenting
Exchange
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We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
John W. Snow / Former United States Secretary Of The Treasury
Checks
Eye
Inflation
Remains
Stage
Check
Reasonably
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Well, I think the global economy is in the position for continuing good growth with inflation well in check.
John W. Snow / Former United States Secretary Of The Treasury
Continuing
Economy
Global Economy
Growth
Inflation
Thinking
Check
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Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
John W. Snow / Former United States Secretary Of The Treasury
Success
Congratulations
Mean
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We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.
John W. Snow / Former United States Secretary Of The Treasury
Jobs
Corporations
Guarantees
Immortality
Lifetime
Reality
Guarantee
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Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.
John W. Snow / Former United States Secretary Of The Treasury
Energy
Income
People
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Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
John W. Snow / Former United States Secretary Of The Treasury
Allowing
Direct
Investment
Lifting
Results
Insurance
Result
Vibrant
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I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.
John W. Snow / Former United States Secretary Of The Treasury
Action
Consensus
Long
Long Term
Obligation
Reform
Security
Social Security
Thinking
Build
Basis
Sustainable
Reduce
Social Security Reform
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We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
John W. Snow / Former United States Secretary Of The Treasury
Ability
Adaptive
American Economy
Economic
Economy
Flexible
Policy
Priorities
Sure
Perform
Making
Priority
Sustain
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And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
John W. Snow / Former United States Secretary Of The Treasury
Barriers
Continuing
Growth
Partners
Remove
Steps
Trading
Urgency
Improved
Performance
Taking
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Well, I think the best thing we can do for the short term is move good energy legislation through to the Congress; I'm encouraged that there's some prospect for that now.
John W. Snow / Former United States Secretary Of The Treasury
Congress
Energy
Legislation
Moving
Perspective
Term
Thinking
Short
Encouraged
Prospect
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Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
John W. Snow / Former United States Secretary Of The Treasury
Inflation
Moderation
Stable
Welcome
Check
Sustainable
Oil Prices
Overall
Prices
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And I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.
John W. Snow / Former United States Secretary Of The Treasury
Big Problems
Credit
Leader
People
Thinking
Look People Problems
American People
Look Problems People
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We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
John W. Snow / Former United States Secretary Of The Treasury
Accounts
Initiative
President
Saving
Savings
Social Security
Transformation
Associated
Domestic
Generate
Promote
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And we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.
John W. Snow / Former United States Secretary Of The Treasury
Adequate
Advantage
Clean
Coal
Country
Energy
Resources
Abundant
Burn
Grid
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We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
John W. Snow / Former United States Secretary Of The Treasury
Economy
Focused
Growth
Important
Perform
Deficits
Rates
Reduce
Secondly
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Social Security represents an $11 trillion unfunded obligation. And when I say unfunded obligation, I mean we have to come up with $11 trillion at some point to make the system whole.
John W. Snow / Former United States Secretary Of The Treasury
Obligation
Social Security
Trillion
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Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend.
John W. Snow / Former United States Secretary Of The Treasury
Success
Congratulations
Dramatic
Sovereign
Telecom
Views
Decisions
Approaching
Political Process
Respecting
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Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
John W. Snow / Former United States Secretary Of The Treasury
Conservation
Doubt
Energy Efficiency
Facts
Greater
Higher
No Doubt
Play
Useful
Prices
Supply
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The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
John W. Snow / Former United States Secretary Of The Treasury
Committed
Deficit
Below
Bringing
Considerably
Fiscal
Fiscal Year
Prior
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We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.
John W. Snow / Former United States Secretary Of The Treasury
Ability
Alaska
Available
Dependent
East
Energy
Important
Middle
Middle East
Uncertain
Less
North
Slope
Sources
Supply
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Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
John W. Snow / Former United States Secretary Of The Treasury
Citizens
Committed
Economic
Engaging
Global Economy
Isolationism
Successful
Views
Wrong Way
Advance
Wrong
Engage
Global
Interests
View
Vibrant
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We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.
John W. Snow / Former United States Secretary Of The Treasury
Deficit
Entitlement
Entitlement Programs
Medicaid
Medicare And Medicaid
Needs
President
Problem
Security
Serious
Social Security
Trying
Address
Programs
Reforms
Structural
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Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
John W. Snow / Former United States Secretary Of The Treasury
Running
Creating
Deficit
Exceed
Higher
Investment
Savings
United States
Account
Lots
Current
Domestic
Issue
Opportunities
Rates
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And our big theme has been, you have made so much progress, we urge you on with the openings and market openings that have occurred. They clearly work and continuing on that path will produce further growth and further opportunities for the Indian people.
John W. Snow / Former United States Secretary Of The Treasury
Continuing
Indian
Path
Produce
Clearly
Further
Indian People
Occurred
Openings
Opportunities
Urge
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But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
John W. Snow / Former United States Secretary Of The Treasury
Capacity
Economy
Employment
Environment
Expanding
Gdp
Inflation
Needs
Numbers
Output
Strong
Utilization
Alert
Doing
Certainly
Clearly
Continually
High
Early
Fed
Signs
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