The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages. – Mark Zandi
The discussion in Washington has changed dramatically. I mean, its no longer a question of should we address entitlements – its no longer a question of do we need to reduce spending in the future. – Mark Zandi
The FHAs success provides strong evidence that government can and should play a role in the nations mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. – Mark Zandi
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economys long-run performance to restrain government spending rather than raise taxes. – Mark Zandi
One of the many reasons for the bewildering and tragic character of human existence is the fact that social organization is at once necessary and fatal. Men are forever creating such organizations for their own convenience and forever finding themselves the victims of their home-made monsters. – Aldous Huxley