Oct 10, 2008

On the Money: quotes of 1929 - 2008

"This economy of ours is on a solid foundation." -Pres Bush, Jan 4 after meeting with the President's Working Group on Financial Markets.

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"There is no cause to worry. The high tide of prosperity will continue." -Andrew W. Mellon, Secretary of the Treasury, Sept, 1929

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"I hope you're confident about our economy. I am." - Pres Bush, Jan 30, 2008 at the Robinson Helicopter Co. in Torrance, CA

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"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence, and character of the people of the United States - that is, prosperity." -President Hoover, May 1, 1930

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"Losing a job is painful, and I know Americans are concerned about our economy; so am I. It's clear our economy has slowed, but the good news is, we anticipated this and took decisive action to bolster the economy, by passing a growth package that will put money into the hands of American workers and businesses." -Pres Bush, March 7, 2008 on news that the economy lost 63,000 payroll jobs in February.

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"The singular feature of the great crash of '29 was that the worst continued to worsen." -J.K. Galbraith.

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"Honesty is the first chapter of the book of wisdom." -Thomas Jefferson
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Quotes Round-up from Information Clearing House.

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