James Callaghan Quotes

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

I don't think Keynesian Monetarism has to be Democrat or Republican.

The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a napkin - that cutting taxes would lead to higher tax revenues.

I didn't wake up one day and say, you know, 'Supply-side economics doesn't make sense.'

Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.

The cozy world we were told would go on forever, where full employment would be guaranteed by a stroke of the Chancellor’s pen, cutting taxes, deficit spending—that cozy world is gone.

Faced with a deep recession, some say the answer is to expand the role of government.

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.

There are still many people in America who regard depressions as acts of God. I think Keynes proved that the responsibility for these occurrences does not rest with Providence.

Nothing could be further from the truth than the claim that we have a choice between cutting tax and cutting unemployment, for the two go hand in hand.

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.

Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.

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.

We have to change economic policy: create confidence, foster investment, cut the public deficit, restructure taxation and reform the labor laws.

The problem is that the economy isn't growing fast enough to accommodate the level of spending produced through the democratic process.

A troubled economy is always the sitting president's fault. It was when Ronald Reagan defeated Jimmy Carter, when Bill Clinton defeated George H.W. Bush, and when Barack Obama defeated John McCain by running against George W. Bush.

People confuse economists and economic policy.

You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

There is no left or right in economic management today.

From now on, depressions will be scientifically created.

We are all Keynesians now.

Until Keynes, politicians had not needed economists for help in running the country any more than they had needed astronomers. But Keynes made them indispensible.

Gerald Ford's economics is the worst thing that's happened to this country since pantyhose ruined finger-fucking.

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.