#recess

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. ↗

— Mark Zandi

#against #become #during #economic #economy

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession. ↗

— Mark Zandi

#expansion #extension #holidays #key #list

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. ↗

— Mark Zandi

#although #been #demonstrates #during #economy

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. ↗

— Mark Zandi

#different #flavors #get #into #pretty

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. ↗

— Mark Zandi

#broader #bubble #calamity #contrast #creating

In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated. ↗

— Newt Gingrich

#because #defeated #increase #job-killing #jobs

We're still in a recession. We're not gonna be out of it for a while, but we will get out. ↗

— Warren Buffett

#gonna #out #recession #still #while

The unemployment rate has effectively not gone down from where it was at the peak of the recession. The only reason it's gone technically from 10 percent to 8 percent is so many people are discouraged and have quit work. ↗

— Jim Talent

#down #effectively #gone #many #only

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly. ↗

— Evan Davis

#big #bubble #bursting #economy #escaped

There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time. ↗

— Rahm Emanuel

#blueprint #crisis #financial #fixing #global