A Quote by Meredith Whitney
The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.
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The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.
First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies.
Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.
Even in a time of fiscal austerity, education is more than just an expense.
Most agree, whatever their party political position, that the West can and should open its agricultural markets more fully to the products of the poorer countries of the globe. They are agricultural societies that need our markets more than our charity.
Markets and science show that some fields of human endeavour work much better than political decision-making. I think we could do much much better if we will face our problems honestly.
Not only are we going to shift in our own lives - away from always trying to identify ourselves on the basis of what we have, what we do, and who we are better than, and so on - but shift into more reaching out, more service, more kindness, more living the virtues that Lao Tzu spoke about twenty-five hundred years ago.
History speaks pretty clearly that the markets do better with Democrats. Republicans' ideas of what constitutes fiscal responsibility simply are not good for the stock market. Democrats have many tendencies, but one of them is to look after the workers, and actually that tends to be good for demand and good for markets.
[T]he next time you hear serious-sounding people explaining the need for fiscal austerity, try to parse their argument. Almost surely, you'll discover that what sounds like hardheaded realism actually rests on a foundation of fantasy, on the belief that invisible vigilantes will punish us if we're bad and the confidence fairy will reward us if we're good. And real-world policy - policy that will blight the lives of millions of working families - is being built on that foundation.
This election presents a stark choice - we can continue down the road of the Obama Democrats, more and more spending, debt and government control of the economy, or we can return to the founding principles of our nation - free markets, fiscal responsibility and individual liberty.
The failure of the White House and Congress to seriously address the nation's fiscal situation is certain to broaden the belief among many voters that the U.S. political system is broken.
We also have to engage - and I think this is important - in national politics because there is no way to address questions of this scale in the short time that we have to address them without engaging in real political change.
I think I would say that there is absolutely no way to reconcile an austerity agenda with climate action. Our political class needs to understand that the fight against austerity and the fight for climate action are the same fight.
Our commitment should be to leave our environment in better shape than when we found it, our nation's fiscal house in better order, our public infrastructure in better repair, and our people better educated and healthier. To indulge in immediate gratification and exploitation is an insult to previous generations, who sacrificed for us, and thievery from the next generation, who depend on our virtue.
President Obama said it best during his state of the Union Address this year when he declared: 'I will go anywhere in the world to open new markets for American products. And I will not stand by when our competitors don't play by the rules.'
The truth is, our democracy is stronger when more people participate and when everyone's views are heard. More participation not only leads to a more representative government, but also more thoughtful policies that better leverage the strengths - and better address the challenges - of the American mosaic.
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