Eliot Spitzer Quotes

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

Economic depression cannot be cured by legislative action or executive pronouncement.

Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

I have no idea who first coined the word 'Abenomics.' It was not my original term for the set of anti-deflation, growth-promotion policies I am now pursuing.

The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

When I took over, the economy had almost collapsed. I told Malawians we needed to pass through difficult times. Two days ago I even cut my own salary by 30% to show we are making sacrifices.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

I believe Europe is burning financially. Europe's problems are not going to go away. They are so structural. Yet, our problems are right behind them. We cannot just look at Europe.

The Netherlands has been severely hit by the debt crisis, and the solution is to lower taxes, get government finances in order, and make room for investment.

We simply can't spend our way out of a recession.

The insistence of European leaders to austerity policies keeps the European economy strapped in stagnation.

I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems.

I think if there's a great depression there might be some hope.

It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed.

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

The global economy is spluttering back into life. The Tories would have left it to choke to death.

We campaigned on the fact that we were going to have to take difficult decisions because of the state of the public finances. When we got into government we discovered that actually the public finances were in an even worse state than we thought.

For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.