Recent quotations on the economy that may not put you to sleep....
"All of us should be worried about the fact that we have been running the credit card in the name of future generations. We've got to get our debt and our deficits under control. That's going to be our project for the next couple of years."
"The administration's stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible. But they want new stimulus measures -- which is convincing evidence that they too recognize that the earlier measures failed. And so the U.S. was odd-man out at the G-20 meeting...,continuing to call for more government spending in the face of European resistance."
"What we're seeing in
"This belief in individual responsibility -- the belief that people ought to be free to make their own decisions, but should then bear the consequences of those decisions -- this remains very powerful. The American people don't want an expansion of government. They want more of what (
"You have a number of countries in
"The state of
"The percentage of personal income accounted for by interest and dividends, currently declining, has been doing so throughout this decade. In 2000, interest and dividends accounted for 17.2 percent of personal income. In April, the percentage was 14.5 percent. Interestingly, transfer payments like
"Under President Obama, only federal spending is going up; jobs, business start-ups, and incomes are all down. It is proof that the government can't spend its way (into) prosperity."
Clinton administration labor secretary
"I worry that because it is a kind of super sales tax, (the value-added tax) is regressive. It does not take a bigger bite out of the incomes of the wealthy than it does out of the incomes of the poor, and therefore it is a step backwards toward greater tax regressivity -- as is every sales tax."
"Caught between a rock of debt and a hard place of slower growth -- and unable to imagine transcendence through tax and budget cuts -- our
"Like any grass-roots revolt, starting with the Colonial Committees of Correspondence, the (economy-based)
- Election Day Shocker: 10 Percent Unemployment
- Is United States at End of Post-World War II Period of Economic Growth?
- Home Prices Likely to Slide After Sales Plummet
- Housing Demand Evaporates As Stimulus Ends
- What will happen to the housing market?
- Econquotes: By Obama, Samuelson, Becker, Reich, Karlgaard, Magnet, Etc
- Obama's Cronkite Moment?
- Interdependency Theory: China, India and the West
- Detroit's Economic Agony, America's Choice
- John Boehner's Economic Prescription
- Confessions of a Class Worrier
- Home Builders Not Driving Economic Recovery
- National Deficit: The Ticking Debt Bomb
- Third World America
- States Don't Need a Bailout; States Need to Cut Spending
- Federal Reserve Moves to Support Low Mortgage Rates
- Jobs Report Paints a Picture of Nervous Employers
- Why We Shouldn't Keep the Bush Tax Cut for the Wealthy
- Magical Thinking in Washington
- Wake Up Washington
- What Year Is This?
- Germany's Good Fortune Tips the Scales Against its Neighbors
- Housing Market Takes Another Step Backwards
- Some Good News for Job Seekers
- The Great Decoupling of Corporate Profits From Jobs
- Three Key Ways to Drive Job Growth
- America's Worst Job Market: El Centro, California
- Home Prices Improve But May Soon Begin Sliding
- Home Sales Rebound From Record-Low Levels
- Place the Blame Where It Belongs
- Bernanke Carries Extra Burden for Economic Recovery
- Downward Pressure on Home Prices Mounts
- Dirt-Cheap Mortgage Rates: Here for How Long?
- Weak Demand & Tight Credit Keeps Builders On Sidelines
- Obama and Big Business Trade Blame on the Economy
- Why Start-ups Could Make or Break the Job Recovery
- Before the Wall Street Crisis, There Was 'Poverty, Inc.'
- New Finance Bill: Mountain of Legislative Paper; Molehill of Reform
- Financial Reform Another Talking Point for Obama & Democrats
- The Vanishing American Consumer and the Coming Trade War
- Why the Economy Isn't Quite as Bad as It Seems
- 6 Reasons the Housing Market Hasn't Recovered
- Why Everyone Suffers When Job Seekers Give Up
- Depressed About The Economy? Maybe Because You're Earning Less
- Obama's Anti-Business Policies Are Our Economic Katrina
- Republicans' Aversion to Financial Reform Misguided
- Slouching Toward a Double Dip or Lousy Recovery at Best
- 8 Problems That Could Trigger a Double-Dip Recession
- Why Congress Cannot Afford Not to Extend Unemployment Benefits
- Distressed Home Sales to Sandbag Housing Revival
- Home Sales Poised to Drop in Coming Months
- The Economy's Lasting Impact on Your Retirement
- Forget Obama - Fear the Real State Capitalists
- Imperative Need for America to Become an Innovation Nation
- Jobs Bill a Tough Call for Democrats
- What Soldiers at War Can Teach Us About Surviving Financial Warfare
- 5 Things to Know About the Newest Jobs Bill
- New Home Sales Plummet to Record Low
- The Housing Market's Unexpected Drop
- When Obama Trades Jobs for a Higher Priority
- When National Politics and Home-State Economics Collide
- Reasons -- and Ways -- to Splurge This Summer
- What China's Currency Reform Means For Investors
- The Democrats' Economic Vision Problem
- Urban Abandonment
- Coping With China's Financial Power
- Is the Recession Over?
- Managing Debt Remains Key in Face of An Uncertain Economy
- Home Repossessions Hit New Record High
- 2010 Elections Will Turn on Jobs and the Economy
- Chamber of Commerce Aims to Boost Trade With China
- America Has Two Sets of Rules
- Why May Jobs Report is Better and Worse Than it Looks
- Jobless Economic Recovery Remains Issue Number One
- What Financial Reform Means For Consumers
- Financial Reform Legislation Gives Shareholders More Say
- Financial Reform: Win for Wall Street - Cold Shoulder for Main Street
- Fiduciary Provision May Be Most Important Part of Financial Reform Bill
- Unfair Trade Practices Are Wiping Out Jobs
- In a Welfare State How Much Is 'Enough'?
- Should Investors Sit This One Out?
- Why Jobless Teens May Have More to Blame Than the Recession
- What Home Sales Jump Means for Economic Recovery
- Home Prices Have Further to Fall: Here's Why
- Why Housing is Headed for Second-Half Headaches
- Nancy Pelosi Will Lead America to National Ruin
- Financial Reform's Uncertain Promise
- The Way We're Working Isn't Working
- What Gold Can and Cannot Do For You
- Why Some Women Skirt the Wage Gap
- The Crippling Price of Public Employee Unions
- European Union Funding Proposal Is Only the Beginning
- Why Wall Street's Gain Has Been America's Loss
- Euro Crisis has American Fingerprints
- Wall Street Probes: Collateralized Debt Obligations
- Voters See Debt Crisis. Why Doesn't Washington?
- Social Security Inflation Adjustment Debate
- European Debt Crisis Affects Investments
- Greece: Model of Socialistic Excess
- Who Got Hit Worst in the Market Crash
- Expeditionary Economics: Spurring Growth After Conflicts and Disasters
- Why More Diplomacy Won't Keep the Financial System Safe
- Muddling through Greece's Tremors
- Greece Financial Crisis Raises Doubts About European Union
- Bigger Is Better: Case for Transatlantic Economic Union
- European Union: A Fragile Partnership
- Goldman Sachs Testimony Boost for Financial Reform
- A Culture of Criminality on Wall Street
- Greek Debt Crisis May Hurt Latin America Economy
- Why April's Unemployment Rise Shows Workers Hopeful Again
- Smart Moves for Tomorrow's Higher Interest Rates
- Still the Optimist
- The Global Glass Ceiling: Why Empowering Women Is Good for Business
- Life in the Age of 'Much Worse Than We Thought It Would Be'
- What 3.2 Percent GDP Growth Says About Our Contradictory Economy
- Congress Had a Role in the Financial Crisis
- Just a Few Questions for the SEC
- Financial Crisis - Somebody Must Pay!
- Is Latin America Booming? Not Quite Yet
- Guns vs. Butter 2010
- Your Guide to the Goldman Sachs Lawsuit
- Can SEC Beat Goldman Sachs?
- Time to Break up the Big Banks
- Resisting Wall Street Reform
- Shorting The Middle Class: The Real Wall Street Crime
- Obama Edge on Financial Reform
- 10 Cities Facing Double Whammy of Default Risks
- Capitalism vs. Capitalists
- Business Schools' Great Ethics Debate
Econquotes: By Obama, Samuelson, Becker, Reich, Karlgaard, Magnet, Etc
(c) 2010 Ross Mackenzie