Robert Rubin Quotes (57 Quotes)

He and Rubin are far more important to the economy than President Clinton and Vice President Gore put together, ... I think that Greenspan's comments will raise everyone's awareness.

These students are an investment in the state's future. The alternative is to deny them the opportunity to fully participate in our workforce.

Fiscal policy is the other ladle in the macroeconomic punch bowl, and consistency in use of the two ladles is powerful, and inconsistency can be injurious,

I think the kinds of programs the IMF International Monetary Fund is putting in place are strong programs, I think they're well designed for their purposes, and I think they should work,

We are working hard to reform the IRS, and it would be counterproductive at best, and very harmful at worst, if these hearings undermined morale and damaged our efforts,

The president's budget carries forward the economic strategy that has been so central to the strong economic conditions of the past five years, ... This budget preserves the surpluses until we strengthen Social Security, invests in areas that are critical to future productivity and the future of our country, provides for programs that protect and promote our critical economic and national security interests in the global economy, and of absolutely critical importance, this budget keeps us on the path of fiscal discipline that is so central to our economic well being.

I'm not going to get into the business of market prognostication,

I would say again now that China could be the largest economy in the world within the next few decades -- though accomplishing that will be no easy task.

the focus will be very largely on Japan and the urgent importance of Japan implementing effective measures to lead to a sustained, domestic, demand-led growth, which is critical not only for the Japanese people but for the people of Asia and, indeed, for recovery in the rest of the world.

At some point, these kinds of deficits are not viable. The probabilities are extremely high that if we don't address these imbalances, then at some point, and it could be years down the road, we'll pay a very big price.

Nobody knows the answer to that.

The key is that these are now longstanding problems, and it is going to take a concerted and very substantial effort over a sustained period of time for Japan to get back on track,

I'm saying that we have significant concerns about significant portions of this, ... We need to work with Congress to work our way through that.

This isn't a question of rewarding China, ... A strong WTO agreement is very good for the United States.

I think it could have real changing effects on the financial markets of our country, it could cause investors to think more about real rates of return and that in turn could spawn new kinds of products,

We all shared a belief in market-based economics though we had somewhat different views as to the appropriate role of government in our society and felt that what happened abroad could greatly affect our own economic well being,

We very strongly want to see good financial services modernization legislation passed this year, ... The bill that came out of the Senate banking committee does not meet these requisites.

His (Clinton's) view -- and it has been his view since the beginning of this administration -- is to respect totally the independence of the Fed,

We always have to be watchful with respect to anything that can affect our system, ... But I don't know of anything in that area that rises to the level of a systemic risk to our economy at this time.

It is important to remember that the fundamentals of the United States economy are strong and have been for the past several years, and the prospects for continued growth, with low inflation and low unemployment, are strong,

We believe that any bank seeking to conduct new financial activities should be required to achieve and maintain a satisfactory CRA record, ... The draft bill fails to include this requirement.

I think the administration will have a Treasury secretary who is very established with the business community.

I think -- virtual universal agreement -- is that the CPI does not accurately reflect inflation,

These concerns are heightened as we reflect on the financial crisis that has affected so many countries around the world over the past two years,

The surpluses present an enormous opportunity and one that we must not squander, ... We believe that the surpluses should be reserved until Social Security is placed on sound financial footing for the next century. After 2010, the huge baby boom generation will begin retiring which will put increased pressure on Social Security and it was on that basis that we reached the conclusion that nothing should be done with these surpluses until that problem is addressed.

Had these kinds of requirements been in place before the current crisis began in 1997, the flows of capital might well have slowed at a much earlier stage, substantially reducing the severity of the crisis,

I don't have a distaste for ambiguity, in fact, ambiguity is what I think life is all about,

They can all come together and begin to feed on each other, in which case you could have a very severe and seriously threatening set of economic impacts that would create an immensely difficult problem for our economy and our political system,

In terms of myself, I said from the very beginning that I wanted to work in the management of Citigroup and I didn't want to be a CEO, ... That's not what I want to do with myself at the moment.

The introduction provides us with an opportunity to educate cash-handlers and consumers about the importance of authenticating currency, ... These security features are effective only when they are used.

The key is to continue to focus on the challenges that lie ahead, to continue to remain deeply engaged in helping the countries that are in difficulty,

I believe that support for Al Gore and Joe Lieberman is support for sound economic policy and a strong economy for years ahead, ... I worked with Al Gore for six-and-a-half years ... and I was there when doing what was best also was politically hard.

This may be the most dramatic, most complicated and most significant economic transformation in modern history.

the financial architecture of the 21 st century, an architecture that is as modern as the markets.

It is very hard to leave, because I feel deeply committed, ... to this administration, to the people with whom I've worked, to the issues with respect to which so much has been accomplished. But this almost six-and-a-half years has been all consuming, and I think it is time for me to go home to New York and to do whatever I'm going to do next.

The important thing is for countries to stay on a sensible economic path as the world works through a very difficult time. What Japan does is very important to the rest of the world,

Unfortunately, Russia hasn't adopted the reforms it needs, but we need to work with them to see they adopt the reforms,

We had two objectives from the very beginning No. 1, to get a strong WTO accession agreement that's good for the United States, and No. 2, to handle it in such a way as to have the highest probability of success in Congress,

Nothing in my 26 years on Wall Street or my six years in government suggests that there is any predictive capability even remotely reliable enough for such a system, ... In addition, the early warning itself could create precisely the instability and even panic that such a system is designed to prevent.

It focuses predominately on middle income tax cuts for education, and for child care and for savings, ... This Week.

After sitting with the vice president in the White House, the Oval Office and the Cabinet room over six-and-a-half years, that he was consistently sound, sensible, practical and willing to fight for politically difficult issues,

Cardoso is absolutely committed to doing what needs to be done, and he has the support of the global community,

The international community has a strong program. I think the key, however, is that the program is only as effective as the implementation. And I think that we have been in a very aggressive mode over the course of the last year, and I think that what we need to do is remain in even more aggressive mode as we go forward, so each of us does our part,

With the safeguards we have proposed, ... subsidiaries and affiliates are absolutely identical with respect to the ability of a bank to transfer any subsidy that may exist in the bank.

Here at home, ... while the most likely scenario remains solid growth and low inflation -- subject to the usual ups and downs -- certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being.

It is vitally important for Latin America, the rest of the world and the United States that the international community take all steps sensible to limit the contagion that has come from the Asian financial crisis, and helping Brazil is very important in that respect also, ... What is most important though in this instance is the effective implementation of a strong economic program that Brazil has announced.

A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

The overarching point of the president's economic strategy going forward in the 1999 budget is clear under no circumstances should we take any steps that will undo the fiscal discipline that we have worked so hard to achieve and has been so central to our strong economy of the last five years.

As you look around the globe, it seems to me that a lot of the countries hurt by the Asian financial crises have made tremendous progress. On the other hand, in all of those countries there's a lot to do.

Larry and I have been true partners through this whole period, and it's been a wonderful, wonderful partnership,