It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.
Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
Most of the State of the Union will not be about Iraq. Most of the State of the Union will be about improving America's economy and providing greater access to health care for millions of American people, including senior citizens.
And what we're doing in Ohio is we're moving from a basic manufacturing economy to one that's diversified, including energy and health care and agriculture and IT.
By themselves, genetically engineered crops will not end hunger or improve health or bolster the economies of struggling countries. They won't save the sight of millions or fortify their bones. But they will certainly help.
Think of an economy where people could be an artist or a photographer or a writer without worrying about keeping their day job in order to have health insurance.
To argue that universal health care would wreck the U.S. lead in cancer survival, you'd have to argue that universal health care would wreck the entire U.S. economy.
When we foster an economy without hope, we guarantee that a segment of our population will be destined to know homelessness on a permanent basis, and not for the one night I voluntarily spent at a shelter.
The American system is a beautiful and durable thing, but flawed. I would like to think that this decadence is not sustainable, whether in the eyes of the electorate or the eyes of whatever the local economy is built on; that would bring me hope.
In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse - sometimes by a lot and for a long time.
The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.
For centuries, the Yangtze River - the longest in Asia - has played an important role in China's history, culture, and economy. The Yangtze is as quintessentially Chinese as the Nile is Egyptian or the Rhine is German. Many businesses use its name.
If history judges society for how it treats those in need, so markets judge economies by the incentives they provide for private investment, the infrastructure that supports growth, and the burdens placed on job creation.
When our markets work, people throughout our economy benefit - Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses fi...
A jellyfish is little more than a pulsating bell, a tassel of trailing tentacles and a single digestive opening through which it both eats and excretes - as regrettable an example of economy of design as ever was.
States have the responsibility to create rules and conditions for growth and development, and to channel the benefits to all citizens by providing education and making people able to participate in the economies, and in decision-making.
Of all the public services, education is the one I'm most interested in. You get a more dynamic economy, you deal with most social problems, and it's morally right.
Spend hundreds of millions; talk endlessly about issues; present 12-point plans for education, the economy, and the environment. But in the end, the election of our next president can turn on a gaffe.
I'm not sure it's the stimulus money that will necessarily allow the economy to recover. It will help to fortify our budgets, frankly, to ensure that there isn't as much backsliding in the areas of education and healthcare, for example.
If we expect our children to thrive at our colleges and universities, and succeed in our economy once they graduate - first we must make quality, affordable early childhood education accessible to all.
Children who have an education grow up to lead healthier lives - earn higher income, take better care of their families, contribute to their economies.
