A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.

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It is critical that we have a comprehensive energy plan to provide affordable and reliable supplies of energy so that our economy will not be dependent on foreign sources of energy.

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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.

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If we had a hydrogen economy worldwide, every nation on earth could create its own energy source to support its economy, and the threat of war over diminishing resources would just evaporate.

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In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades.

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Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers.

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Henry Ford was right. A prosperous economy requires that workers be able to buy the products that they produce. This is as true in a global economy as a national one.

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One of the critical issues that we have to confront is illegal immigration, because this is a multi-headed Hydra that affects our economy, our health care, our health care, our education systems, our national security, and also our local criminality.

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Our national security is at risk when we rely on foreign oil to keep our economy moving forward.

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With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

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We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

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I think America understands that energy security is a very important part of our national security. But if we are going to address energy security in a meaningful way going forward, we need to do it in a new manner. We cannot just be doing the same old thing.

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People were concerned about national security, and that precluded us from having the opportunity to break through on the issues that we cared most about - the economy, education and health care.

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Now, China, India have set goals. We're going to be able to review what they're doing. We're going to be able to challenge them if they don't meet those goals. We're going to pursue this anyway, because the President understands that our future lies with a clean energy economy. We've doubled renewables this year. There are millions of jobs to be had there, more energy security, so we're going to pursue this.

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The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people.

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Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love.

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By encouraging renewable energy sources such as wind energy, we boost South Dakota's economy and we help reduce America's dependence on foreign oil.

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I have always said there is only one thing that can bring our nation down - our dependence on foreign countries for food and energy. Agriculture is the backbone of our economy.

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Health care comprises nearly 20 percent of our national economy, but outdated bureaucracy and red tape have stifled competition and raised costs. As a result, today more than 45 million are without any health coverage.

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Nothing is more useless in developing a nation's economy than a gun, and nothing blocks the road to social development more than the financial burden of war. War is the arch enemy of national progress and the modern scourge of civilized men.

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Trade-cycle

In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle

From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market

The boom does not last long
Because
The demand for products and services
Is limited in all countries

That’s why
The governments have a vital role to play
Especially during boom

The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom

Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place

In this way
A country can achieve its goal
Without going through
Economic hard times

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