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Crisis Quotes

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Crisis Quotes

“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.”

“In brief, we have no explicit family policy but instead have a haphazard patchwork of institutions and programs designed mostly under crisis conditions, whether the crisis is national in scope (such as a recession ) or personal (such as a break-up of a particular family).”

Family Break Conditions Policy Particular Broken Program Crisis Institutions Scope Recessions Explicit Haphazard Patchwork

Book:All Our Children: The American Family Under Pressure

Source: All Our Children: The American Family Under Pressure

“Louisville, Colorado, which was just voted by CNN and Money magazine as the best place to live, is a veritable Whitopia that is unaffected by the housing crisis and even the severe recession. You look at the best places to live, according to Money's 2009 list, and 9 of the 10 are Whitopias.”

Looks Crisis Lists Magazines Severe Housing Recessions Cnn Places To Live Colorado Best Place Louisville Housing Crisis

Author:Richard Benjamin

“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”

“[The immigrant] becomes a kind of insurance policy against the effects of the recession. By blaming him, the pressure valve is regulated in times of crisis ... What we have now is a public mindset of us versus them, and an overall anti-immigrant climate that is both troubling and morally reprehensible.”

Kind Effects Policy Pressure Crisis Blame Climate Mindset Immigrants Versus Recessions Times Of Crisis Valve Insurance Policy

Author:Andrew Lam

“I think the good part of the crisis is that finally, everybody is going to have to come to the table. That means the mayor's office, the board (of supervisors), the labor council, the chamber, small business. You end a recession healthier than you were when you went into it.”

Thinking Mean Ends Office Labor Crisis Tables Boards Small Business Council Chamber Mayors Recessions Supervisors

Author:Warren Hellman

“The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.”

Home Jobs Values Growth Interest Economic Events Lows Crisis Rate Destroyed Decline Economic Growth Recessions Interest Rate Many Homes

Author:Ben Bernanke

“Believing that a crisis is a useful thing to create, the Obama administration - which understands that, for liberalism, worse is better - has deliberately aggravated the fiscal shambles that the Great Recession accelerated.”

Believe Crisis Administration Liberalism Recessions Useful Things Aggravated Great Recession Shambles

Author:George Will

“From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.”

“However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.”