"Food Stamp recipients didn't cause the financial..." - Quote by Barack Obama
Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did.
More by Barack Obama
“With only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.”
“Trump is not somebody who`s fit to be president in any circumstances. I would feel deeply frustrated, not because anything he said about me, but because I would fear for the future of our country.”
“One of the things that I've urged the president-elect to do is to develop a strong working relationship with the intelligence community and I think it's important that Congress, on a bipartisan basis.”
More on Financial Crisis
“That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.”
“Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.”
“There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does.”
More on Economic Justice
“What good is having the right to sit at a lunch counter if you can't afford to buy a hamburger?”
“Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system.”
“And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy.”