#use

Conservatives used to believe in confronting hard truths, not succumbing to comforting fairy tales. Some still do. ↗

— Fareed Zakaria

#comforting #confronting #conservatives #fairy #fairy tales

During the Cold War, we were interested because we were scared that Russia and the United States were going to go to war. We were scared that Russia was going to take over the world. Every country became a battleground. ↗

— Fareed Zakaria

#became #because #cold #cold war #country

Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth. ↗

— Fareed Zakaria

#economic future #fiscal #fiscal house #future #going

I am an American, not by accident of birth but by choice. I voted with my feet and became an American because I love this country and think it is exceptional. ↗

— Fareed Zakaria

#am #american #became #because #birth

What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies. ↗

— Fareed Zakaria

#american economy #because #developments #economy #envy

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013. ↗

— Mark Zandi

#begun #believe #construction #corner #crash

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. ↗

— Mark Zandi

#back #bad #because #bonds #cataclysmic

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. ↗

— Mark Zandi

#akron #areas #average #between #certain

In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question. ↗

— Mark Zandi

#auto #auto industry #because #detroit #economist

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. ↗

— Mark Zandi

#born #bullet #caused #crisis #depression