Robert Hormats Quotations

Americans understand that one of our great national strengths is innovation. Great innovators - Benjamin Franklin, Henry Ford, Thomas Edison, Bill Gates, Steve Jobs, and others - are household names.

The social and economic impact of innovative American researchers, companies, and workers over the course of U.S. history have been enormous.

As the world's 'most dynamic' cities seek to manage their own urban growth, American state and local officials have much to offer. Our mayors can share their experiences in urban design, clean energy projects, Smart Grids, codes for energy efficient buildings, transportation safety, and innovative environmental solutions.

In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.

Drug and human traffic are getting a lot more attention than illicit wildlife trafficking. And just as we need to intensify our efforts to combat drug trade and human trafficking, we also need to intensify our efforts to combat illicit wildlife trafficking...They all need to be addressed through bold and consistent actions by the international community.

It's more of an opportunity than a threat,

Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.

He is very, very good about getting lots of information from people who actually run companies, who actually make financial and business decisions. ... When he sees them socially, he'll find out what's on their minds. He does that a lot. And people in turn are very discreet and they don't turn around and say he's called them.

They are doing better, but we've seen these packages in the past and it remains to be seen how much impact there will be in this package, ... But at least they're doing something and that's a plus.

I think the Fed's watching Asia very closely right now. The impact of Asia is still to be felt and that's one factor among many that will keep the Fed from raising rates.