The data is going to look ugly in the next couple of months.
More Quotes from Mark Zandi:
Bush will paint Kerry as being a tax-and-spend liberal and Kerry will paint bush as only providing tax cuts for the rich.Mark Zandi
I don't buy into those supply-side, trickle-down ideas. Those arguments might have made some sense 25 years ago, when the top tax rate was 70 percent, but not today, when the top rate is half of that.
Mark Zandi
Greenspan should weigh against asset markets in the good times -- just as he works to support them in the difficult times. He's been one-sided in his policies,
Mark Zandi
Here again, the business cycle will determine more than the commander in chief in the near term. There is very little the president can do to stimulate the job market quickly, ... but there is much the president can do to stimulate the job market long-run.
Mark Zandi
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
Mark Zandi
It would take time for that to occur and during this period of adjustment -- some things might not get done -- maybe some crops won't be picked or some hotel rooms won't get cleaned.
Mark Zandi
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In general, the art of government consists of taking as much money as possible from one class of citizens to give to another.Voltaire
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