Given the obvious hardship of having illegal aliens flooding in, we also know they are critical to the functioning of the U.S. economy. To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
More Quotes from Diane Swonk:
Larry Summers is the economic conscience of Rubin. He is the economic half of that team. Rubin had market smarts and the political savvy Larry Summers was, in many ways, the economic mastermind here.Diane Swonk
The Fed wants to see whether this July data, this bad economic data, was an aberration, and two months will make it clearer. If they see more instability in financial markets, they will take it lower.
Diane Swonk
We are a wealthy nation that rebuilds and fortifies. Ultimately, New York is going to more than recover the losses that this brought on.
Diane Swonk
When the economy goes back down again, years down the road, will consumer credit be a major problem, like it was in the 1990-91 recession ... Yes, it could come back to haunt us. But right now, it's a macroeconomic plus.
Diane Swonk
We weren't running our heaters very much this winter and this would have the effect of slowing down production,
Diane Swonk
The worst-case scenario assumes that a military strike against Iran would occur late in the year.
Diane Swonk
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Nothing risque, nothing gained.
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