Dick Morris Quotes

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

The bill that was about jobs, jobs, jobs has turned into a bill that's about spending, spending, spending.

The economy is terrible it's been terrible for years now, and the reason it's bad is not because of a debt-ceiling vote. The reason it's bad is because we have people who believe that by making government bigger by keeping people on unemployment checks and on welfare we're going to dig us out of this mess.

I supported the stimulus package.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn't so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.

As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.

This economy is not getting better and the president's policies are the reason.

And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

If we think we're going to solve our economic problems by monetary policy alone, we are mistaken. History shows that we have to employ fiscal policy as well.

A national government has to be able to spend money in a recession to make up for the private money that is not being spent.

The economic meltdown that would define every aspect of Obama's economy came to a head well before he became president, of course, and so did the legislation that would be the basis for everything that came after.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

Let's be clear: raising taxes during a very slow recovery is likely to lead to another recession, and it will do absolutely nothing to balance the budget.

The number of jobs created under President Barack Obama's stimulus turned out to be fewer than the number we would have had if the government had done nothing - according to the Obama administration's own analysis. So we got $9 trillion of debt with almost nothing to pay for it.

Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it's been a failure and that's not a surprise. Fiscal stimulus is not stimulating in and of itself.

In my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon.

[Obama White House] rescued the economy from the worst recession.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

At best, in such depression times, monetary policy is a feeble reed on which to lean.