We're just sort of like the Eveready bunny. And we just keep going and we expect that to continue because of the strength of that housing market.
More Quotes from Franklin Raines:
When they had difficulties they've had a tendency to lurch to the right and out of the mainstream, and we hope that doesn't happen this time,Franklin Raines
Well, I think the best form would be to put money directly in the pockets of consumers.
Franklin Raines
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
Franklin Raines
I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done.
Franklin Raines
And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.
Franklin Raines
If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.
Franklin Raines
Readers Who Like This Quotation Also Like:
When I worked with Jamie Lee Curtis in True Lies, she told me, You need a plan B, because when you have six months to a year off, you can go nuts. You need to have another focus.Eliza Dushku
Our society has lost confidence in the power of reason, except perhaps scientific reason.
Timothy Radcliffe
But on the other hand, I don't actively seek out stories or hunt them down.
Russell Banks