Quotations
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Sung Won Sohn Quotes
«If you want to really help the economy right away, the fastest way to do that is to have the government spend the money itself, ... The next step would be to give tax cuts to low- and middle-income people, who are more likely to spend the money.»
Author: Sung Won Sohn
«Consumer demand has been tapped out, so we won't see a major thrust there, ... We're really counting on this replacement demand, especially in the high-tech area.»
Author: Sung Won Sohn
«If deficit spending goes well beyond 2005, 2006, 2007 or 2008, it will lead to crowding out,»
Author: Sung Won Sohn
«The deflation concerns give ammunition to the president's tax cut,»
Author: Sung Won Sohn
«It will have some positive effect, but I don't think there's a strong conviction the stock market rally is going to be sustained. No one is really cashing it in and beginning to spend more money.»
Author: Sung Won Sohn
«I've spent the past couple of days in Washington, talking to people at the Federal Reserve and the [White House] Council of Economic Advisers, and this issue came up, ... The consensus seems to be that an unemployment rate representing full employment is somewhere between 5 and 5.5 percent.»
Author: Sung Won Sohn
«This cut ... won't do much good to perk up economic growth, ... Now, bond yields should be trending up. The Achilles' heel of the economy, business spending, won't be affected much by this cut.»
Author: Sung Won Sohn
«Business spending is the Achilles heel of the economy, ... The economic baton needs to pass from consumers to businesses.»
Author: Sung Won Sohn
«The economy continues to grow with fewer people working. How long can we squeeze juice out of this orange? Not indefinitely. Sooner or later economic growth would suffer.»
Author: Sung Won Sohn
«More and more jobs, both manufacturing and service jobs are sent overseas; these jobs won't come back any time soon.»
Author: Sung Won Sohn