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Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.

John W. Snow

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John W. Snow
Age: 85
Born: 1939
Born: August 2
Businessperson
Former United States Secretary Of The Treasury
Politician
Toledo
Ohio
John William Snow
Like
Bills
People
Income
Available
Taxes
Paid
Higher
Disposable
Energy
Prices
Things
Reduce

More quotes by John W. Snow

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But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
John W. Snow
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Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
John W. Snow
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We can get more energy out of the north slope of Alaska we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.
John W. Snow
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And I think the American people look to the leaders to lead. They look to the leaders to take on the big problems. And the president deserves a lot of credit for doing that.
John W. Snow
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And we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way we could improve the grid.
John W. Snow
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You don't fix the problem until you define it.
John W. Snow
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Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend.
John W. Snow
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Well, I think the best thing we can do for the short term is move good energy legislation through to the Congress I'm encouraged that there's some prospect for that now.
John W. Snow
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We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important secondly, keep growth rates high, very important.
John W. Snow
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Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
John W. Snow
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Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
John W. Snow
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Higher energy prices act like a tax.
John W. Snow
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We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.
John W. Snow
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Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
John W. Snow