Economic Pain Quotes

The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music.

If the government has any courage, it will punish those at the top of failed banks. Accountability is critical in every area of human endeavour - there has to be a penalty for failure; otherwise, it's only a matter of time before the economic pain our banks have caused to so many innocent businesses and homeowners is forgotten.

Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.

That darn luxury tax is pretty painful.

Working families in Ohio have been hurt badly. It started really with the Bush years.

You cannot reform a tax system without some pain and without someone getting hurt.

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades.

When the climate hurts, people and businesses also feel the pain.

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.

I'm definitely scared about newspapers. The problem is nobody wants to catch a falling knife, and nobody knows where things will stabilise. The value of newspapers has dropped significantly. I think we still have more pain to be felt.

Most of the debts of Europe represent condensed drops of blood.

I sense very little appetite for green efforts to persuade people to accept a frozen or declining standard of living for the sake of the environment. Recessions remind us that economic retreat or stagnation is painful, whatever the goal.

When they call the slightest spending reductions 'painful', we will say 'If government spending prevents pain, why are we suffering so much of it?' And 'If you want to experience real pain, just stay on the track we are on.'

There's no such thing as a painless cure for inflation.

So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we would be in a worldwide depression.

This hunger for profits causes great misery for the people.

My overall message for labor members is... that we understand that the benefits of trade are clear, but the disruption and the dislocation are painfully concentrated and we can't ignore them.

There is only so much pain voters will tolerate. And there is insufficient reason to believe that today’s austerity will bring tomorrow’s prosperity.

Russia has gone through eight years of continuing economic pain.

The base of the party, the middle-aged white working class, has suffered at least as much as any demographic group because of globalization, low-wage immigrant labor, and free trade. Trump sensed the rage that flared from this pain and made it the fuel of his campaign.

We're going to need to absorb some pain. The Republicans want to pile all the pain on people who can least afford it and the middle class and Democrats under his leadership want to make sure that we can address deficit reduction and continue to make investments and shared sacrifice is going to be imperative in order to be able to do that.

The alternative to shock therapy is very often shock without the therapy.

Simply, with a Republican Congress sitting shotgun, Mitt Romney will put the middle class on the roof and take us for a long, painful ride.

The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled.