Elaine Chao

Politician

1953-03-26

Quotes by Elaine Chao

• As I looked up at the Statue of Liberty, I thought at that time, 'What a wonderful country.'

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• When my mother, sisters and I arrived on the shores of America when I was 8 years old, the boat on which we came, a freighter, passed the Statue of Liberty.

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• Even a healthy economy and labor market would have struggled under the additional expenses enacted and proposed in 2009 and 2010 - from healthcare mandates and higher taxes, to carbon cap-and-trade and delay in extending the last decade's tax reforms.

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• Never far from my thoughts are memories of being a little girl in Queens, N.Y., our family of five crowded in a small one-bedroom apartment, struggling to learn English and survive a new life in a new country, America. We humbly and gratefully still recall the kindnesses shown by strangers and neighbors who became new friends.

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• We need long-term tax reform that promotes private sector job creation. And legislated mandates that kill jobs by raising the cost of payrolls need to be eliminated.

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• The expenses of complying with Washington's torrent of mandates and regulatory overreach are costing American workers jobs and income growth.

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• President Obama has been admirably pro-trade in public remarks, but there has been no progress in moving any new free trade agreements to expand exports abroad and create jobs at home.

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• Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year.

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• When the Smoot-Hawley bill landed on President Herbert Hoover's desk, more than 1,000 economists urged him to veto it. Tragically, the president ignored their pleas.

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• When Peace Corps was first proposed, some in Congress assumed that only men would be volunteers.

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• Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.

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• The Obama administration's zeal to not 'waste a good crisis,' as Secretary of State Hillary Clinton put it, has been stunning even for Washington insiders to behold.

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