A Quote by Glenn Hubbard
President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.
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So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
Look at what President Kennedy managed to achieve during the Cuban missile crisis. If Bush had been president in 1962, do you think he would have avoided a nuclear war?
I would've written this story [Django] if [Barack] Obama were president or if he never existed. For one, I think it's time to tell a story that deals with this subject America has avoided for so long. Most countries have been forced to deal with the atrocities of their past that still affect them to this day. But America has been pretty slippery in the way that it has avoided looking slavery in the eye. I believe that's a problem.
The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.
The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.
President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.
I didn't vote for President Obama, but I think he is our president, and I like and dislike decisions of any president in office.
I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.
Reading Epictetus, I realized that most of the pain in my life came not from any actual privations or insults but, rather, from the shame of thinking that they could have been avoided.
I am encouraged President Obama now says he will fulfill his constitutional obligation to seek authorization for any potential military action in Syria. This is the most important decision any President or any Senator must make, and it deserves vigorous debate
But, sir, the great cause of complaint now is the slavery question, and the questions growing out of it. If there is any other cause of complaint which has been influential in any quarter, to bring about the crisis which is now upon us; if any State or any people have made the troubles growing out of this question, a pretext for agitation instead of a cause of honest complaint, Virginia can have no sympathy whatever, in any such feeling, in any such policy, in any such attempt. It is the slavery question. Is it not so?
I do have to say when we read certain words being used to describe President Trump - it's never been done. It wasn't done about President Obama. It wasn't done about either President Bush, President Clinton, because people have a certain respect for and recognition of the dignity for the office of the president. And so I am beseeching everybody to cool it down a little bit.
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