"I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working"
About this Quote
The repeated hedge (“I don’t think,” “may understand”) is strategic. It lets Perry float an indictment without the burden of proof, framing suspicion as prudence. Then comes the rhetorical trap: “Not economics that work.” If the economy is struggling, the definition of “working” collapses into a mood and a scoreboard, not a model. That’s the point. He’s not arguing over multipliers or unemployment elasticity; he’s translating macro policy into a gut-level verdict.
Context matters: this is Tea Party-era politics, where “expertise” had become a partisan tell and the post-2008 recovery was a proxy war over stimulus, regulation, and the legitimacy of technocratic governance. Perry’s subtext is that Obama’s policies aren’t just ineffective - they’re foreign, imposed by people who never had to meet a payroll. It’s a line meant to mobilize resentment as much as it is to critique policy.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Perry, Rick. (2026, January 18). I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working. FixQuotes. https://fixquotes.com/quotes/i-dont-think-obama-understands-basic-economics-1449/
Chicago Style
Perry, Rick. "I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working." FixQuotes. January 18, 2026. https://fixquotes.com/quotes/i-dont-think-obama-understands-basic-economics-1449/.
MLA Style (9th ed.)
"I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working." FixQuotes, 18 Jan. 2026, https://fixquotes.com/quotes/i-dont-think-obama-understands-basic-economics-1449/. Accessed 13 Feb. 2026.





