“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.” KnowsHardGovernmentChoicesPiecesCarWillingIndustryRepublicanPercentRateCome UpRelatedCashUnemploymentFederal GovernmentRevivalBankruptcyMichiganBipartisanDelegationBailoutsUnemployment RateAuto IndustryWarranty Author:Fred Upton
“With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.” GovernmentInterestEffectsMovementRateDebtBoatConsumersInterest RateGovernment Debt Author:Bill Gross
“In the last few decades entire new categories of waste have come to plague and menace the American scene. Pollution is growing at a rapid rate. Pollution destroys beauty and menaces health. It cuts down on efficiency, reduces property values and raises taxes. Almost all these wastes and pollutions are the result of activities carried on for the benefit of man. A prime national goal must be an environment that is pleasing to the senses and healthy to live in. Our Government is already doing much in this field. We have made significant progress. But more must be done.” MenMadeDoneGovernmentLastsValuesGoalResultsBeautyEnvironmentCuttingGrowingProgressFieldsHealthySceneActivityTaxesWasteBenefitsRaisesPropertyRateDecadesSensesSignificantPrimeCategoriesPollutionEfficiencyPlagueRapidsMenacePollution Control Author:Lyndon B. Johnson
“Conservatives are inclined to use the powers of government to prevent change or to limit its rate to whatever appeals to the more timid mind. In looking forward, they lack the faith in the spontaneous forces of adjustment which makes the liberal accept changes without apprehension, even though he does not know how the necessary adaptations will be brought about.” KnowsMindDoeUseGovernmentForceAcceptingKnow HowLimitsRateAppealsSpontaneousAdaptationLooking ForwardAdjustmentApprehensionAccepting Change Author:Friedrich August von Hayek
“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.” WantProblemGovernmentStepsPolicyExamplePoliticianEconomicsClaimsRateAffairFinancialCreditDebtExpensesTaxpayersMortgagePunditsCreditorsBailCrunchGovernment PolicyBorrowersForeclosureMarket FailureFinancial ProblemsCredit Crunch Author:Walter E. Williams
“We also need to encourage Americans to become more fiscally responsible themselves. We can do this by redesigning our tax system into an expenditure tax with a single flat rate. ... We have to substantially reduce the size and scope of the federal government, fundamentally increase the role of the states in choosing their own practices, and bring decision-making closer to the people, not to unelected administrators. These steps are crucial to getting our nation on a path of fiscal, political and constitutional responsibility.” PeopleNeedsStatesGovernmentPoliticalNationsCan DoDecisionResponsibilityStepsRolesPracticePathTaxesIncreaseResponsibleRateSizeDecision MakingFlatsCrucialFederal GovernmentScopeExpendituresAdministratorsTax System Author:Edwin Feulner
“Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.” GovernmentMovingValuesInterestSecretEconomyWeekRaisesRateRussiaDespiteCrashInterest RateSnowdenCraigslist Author:Jimmy Fallon
“There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.” Has BeensEndsCountryGovernmentPoliticsLeftInterestEconomySacrificeGainsRaisedRateCongressAgencyLiberalismReservesFederal ReserveInterest RateGovernment Agencies Author:Wright Patman
“the whole flavor and quality of the American representative government turns to ashes on the tongue, if one regards that government as simply an inferior and rather second-rate sort of corporation.” IfsWholeGovernmentTurnsQualityRegardRateTongueCorporationsRepresentativesAshesInferiorsFlavorSecond RateRepresentative Government Book:The Folks at Home Source: The Folks at Home