“It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.” HardUseHomeGovernmentJobsFallHouseEconomyCuttingTaxesProgramPropertyDisappearLocalsOwnersHouseholdSmall BusinessRevenueLoanEnthusiasticProspectsBusiness OwnersLocal GovernmentSmall Business OwnersCollateralProperty TaxesHouse Prices Author:Mark Zandi
“If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.” IfsWayTwoGovernmentActionWantedSchoolJobsEnergyTermSimplePayCompanyMillionsEffectsBuildingCollegeDebtSavingBest ThingsGuaranteesHospitalsMuseumsInfrastructureDeficitLoanUtilitySavingsContractor Author:William J. Clinton
“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.” CountryWholeFactsHelpingSeemsGovernmentFallInterestPoorAttentionStreetsWallAmountBedTenPercentEconomicsPaidRaisesStructureMereFinancialIceNightmareFarmersReservesLoanSkatingFederal ReserveSkating On Thin Ice Author:Will Rogers
“The great common people of this country are slaves, and monopoly is the master. . . . The politicians said we suffered from overproduction. Overproduction, when 10,000 little children, so statistics tell us, starve to death every year in the United States. . . . We will stand by our homes and stay by our fireside by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.” PeopleIfsYearsChildrenLittlesSaidCountryStatesHomeGovernmentForceUnitedCommonPayCompanyUnited StatesMastersPoliticianSlaveDebtStatisticsLoanMonopolySharks Author:Mary Elizabeth Lease
“We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.” IfsWantHomeGovernmentForcePayCompanyDebtLoanSharksForeclosure Author:Mary Elizabeth Lease
“I believe the best way to help our small businesses is not only through small-business loans, which we have increased since I've been the president of the United States, but to unbundle government contracts so people have a chance to be able to bid and receive a contract to help get their business going.” PeopleWayBelieveStatesHelpingGovernmentAbleI BelievePresidentChanceUnitedUnited StatesBest WayContractsSmall BusinessLoan Author:George W. Bush