Quote

The direction of this country is going into the wrong direction.

As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.

So, there is enormous instability in the global economy with a shift of winners and losers.

The only direction Obama has the economy moving is backward.

Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics.

Economics has become as riveting as politics.

In the last four years, I heard the same thing over and over again from people: 'We've had enough,' 'Our country is drifting,' 'We've lost our way.'

We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place.

America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.

I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well.