Barack Obama: Put People Back to Work

Posted by admin on Sunday, April 10, 2016

Barack Obama Money Quote saying providing jobs creates taxpayers and provides ability to buy stuff that also collect taxes on goods sold. Barack Obama said:
 

 

“Short term, the most important thing is to put people back to work … If they’re working, that means they’re paying taxes, that means that they’re buying goods and services – and the economy, instead of being on a downward spiral, starts back up on an upward spiral” — Barack Obama

 

 

In this quote, Barack Obama is emphasizing the importance of job creation as the top near-term economic priority in response to the Great Recession. He argues that putting people back to work through initiatives like infrastructure spending, tax cuts or other stimulus measures is crucial for reversing the economic downturn.

Obama’s view is that when more Americans are employed, it leads to a multiplier effect where people start paying taxes again, spending money again, and kickstarting broader growth as the “economy starts back up on an upward spiral.”

So in essence, the quote conveys Obama’s perspective that strategic job creation should be the immediate focus in order to get the cyclical forces of the economy rotating positively once more through increased employment, spending, taxes and demand.

Categories: taxes Tagged:barack obamaeconomypayingtaxesworking