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
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
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