Elaine Chao Quotes

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Elaine Chao

Profession : Politician

Birth : March 26, 1953

Government at all levels has kicked the fiscal can down the road for far too long.

Elaine Chao

Where public pensions are concerned, many jurisdictions are running out of road.

Elaine Chao

Taxpayers should demand that their states honestly assess public pension plans, accurately measure the assets and liabilities, and take steps to provide fair benefits to public employees that limit taxpayers' liability.

Elaine Chao

The OPPA route is nothing new. It follows the decades-old liberal agenda on trade, health care, global warming, and mass unionization. That agenda has never brought prosperity to workers.

Elaine Chao

Consider trade protectionism. It's been tried - and found wanting - since the Great Depression.

Elaine Chao

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.

Elaine Chao

Rising energy costs kill jobs and hit America's poorest the hardest.

Elaine Chao

Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.

Elaine Chao

Activist shareholder resolutions do not have to pass to succeed. The process itself can be so injurious to a company that management will cave to demands.

Elaine Chao

The Obama administration likes to say that it is 'pro-worker.' But something is amiss when its labor priorities are forcing unionization and labor contracts on American workplaces, and denying union members information on how their dues money is spent.

Elaine Chao

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.

Elaine Chao

The Democratic Party's governing elite has long believed there is no problem that European-style policies cannot cure.

Elaine Chao

European-style interventions to which the Obama administration is inclined will not make America more competitive in the world-wide economy. Such policies will not increase growth, will not decrease unemployment, and will not increase wages for workers.

Elaine Chao

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.

Elaine Chao

Americans did not suffer alone. World trade overall fell two-thirds in the first few years of the Depression.

Elaine Chao