Posts Tagged ‘government’
« Previous Page — Next Page »Bernie Sanders: Banks Destroyed Economy
on Monday, January 18, 2016Bernie Sanders Money Quotation saying wall street banks were deregulated by government and then created collateralized debt obligation (CDO) which resulted in the great recession. Bernie Sanders said:
“Wall Street put billions of dollars in lobbying, in campaign contributions to get the government off their backs. They got the government off their backs. Turns out that they were crooks, and they destroyed our economy. I think it’s time to put the government back on their backs” — Bernie Sanders
Bernie Sanders seems to be criticizing the influence of Wall Street lobbying and campaign donations on deregulating the financial industry. He argues this “government off their backs” approach allowed major banks and financial firms to engage in crooked, risky behavior that ultimately destroyed the economy. Sanders implies the lack of proper oversight directly contributed to the financial crisis.
His remarks suggest that re-regulating Wall Street with stricter rules and enforcement is needed to curb future misconduct and prevent another economic meltdown caused by the financial industry.
Overall, Sanders portrays Wall Street influence as undermining necessary government protections for consumers and the economy.
Nick Hanauer: Not Slash Poverty Programs
on Saturday, January 9, 2016Nick Hanauer Money Quotation saying reduce government bloat by increasing wages so poverty programs aren’t needed. Nick Hanauer said:
“Let’s by all means shrink the size of government, but not by slashing the poverty programs, but by ensuring that workers are paid enough so that they actually don’t need those programs” — Nick Hanauer
In this quote, Nick Hanauer is arguing against shrinking the size of government primarily by cutting poverty programs and social services. Instead, he believes a better way to reduce the need for such programs is by ensuring that workers are paid enough through their regular wages so that they do not need to rely on government assistance in the first place.
In essence, Hanauer is saying it is preferable to decrease government spending and size indirectly by raising wages for low-income workers, rather than directly slashing existing poverty programs that many currently depend on. This would grow the economy from the middle out by putting more money in the hands of regular consumers.
John Adams: Government Not For Profit
on Tuesday, December 1, 2015John Adams Money Quotation saying the government he helped to found was for the protection and happiness of everyone and not a limited privileged few. John Adams said:
“Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men” — John Adams
This quote from John Adams expresses the core principle that the purpose of establishing a system of government is to serve the well-being and benefit of all citizens within a society, rather than the priorities of any single person, family, or social class.
It suggests that a government’s role and function should be to protect the people, ensure their security and safety, promote overall prosperity, and support the happiness of the population as a whole. According to Adams, a just system of rule is not meant to generate profit, status, or advantage for any private individual or group at the expense of others.
Rather, the “common good” of the entire populace should be the foremost aim and driving force behind a legitimate government’s policies, decisions and leadership.
Birthday October 30, 1735 – Died July 4, 1826
Milton Friedman: Perfectly Worthless Paper
on Monday, November 30, 2015Milton Friedman Money Quotation saying The Federal Reserve puts ink to paper in a valueless way, as only government could. Milton Friedman said:
“Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless” — Milton Friedman
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Milton Friedman is criticizing how governments can devalue or destroy the value of money through certain economic policies. By “perfectly good paper” and “perfectly good ink”, he is referring to currency like bills.
Friedman is suggesting that even though the physical materials used to make money have value on their own, governments have the unique power to render that money worthless simply through decisions around monetary policy, money supply, or other economic actions.
His point is that only a governing body, not private individuals or companies, can essentially wipe out the purchasing power and usefulness of a currency that physically appears sound, through policies that undermine its value and status as legal tender.
Birthday: July 31, 1912 Death: November 16, 2006
Carl Icahn: Laws Caused Income Inequality
on Friday, October 23, 2015Carl Icahn Money Quotation saying that government and politicians wrote and passed laws that lead to income inequality, but refuse to legislate it now. Carl Icahn said:
“Politicians argue that government should not interfere with the ‘business judgment’, of our companies and, therefore they cannot pass laws to encourage ‘income equality.’ … the sad fact is that the government has actually passed many laws that have brought about ‘income inequality'” — Carl Icahn
In this quote, Carl Icahn is criticizing the argument made by some politicians that the government should not interfere with business decisions or pass laws aimed at encouraging income equality. Icahn acknowledges that on the surface, this stance seems to promote less government interference in the free market.
However, he then points out the hypocrisy by stating that in reality, the government has already passed numerous laws over time that have directly contributed to rising income inequality between the wealthy and ordinary workers.
Icahn appears to be implying that if politicians are going to defer to business judgment and not enact equality-promoting laws, they should also repeal existing legislation that has skewed the system to benefit some corporate interests and executives over average employees.
Overall, the quote suggests Icahn believes the government cannot claim neutrality on this issue since it has actively shaped outcomes through prior lawmaking.
Birthday: February 17, 1889 – Death: November 29, 1974
Bill Maher: Supply Side Jesus’ Investors
on Monday, October 5, 2015Bill Maher Money Quotation saying conservatives in government created an entirely new Jesus that reflects their own values and justify their own views. Bill Maher said:
“A small businessman from Galilea, whose main gripe is big government and who wants to make Nazareth great again. I call him Supply Side Jesus: He’d love to help the less fortunate, but he’s got investors to think about” — Bill Maher
In this satirical quote, Bill Maher is painting a tongue-in-cheek portrait of Jesus as an adherent of conservative economic philosophy. He suggests Jesus would actually prioritize “supply side” priorities like low taxes, deregulation and empowering wealthy investors over helping the less fortunate.
By referring to Jesus as a “small businessman from Galilea” focused on making “Nazareth great again,” Maher is subtly criticizing those who embrace right-leaning economic policies in the name of Christianity. His “Supply Side Jesus” cares more about pleasing “investors” than aiding the poor, directly challenging the teachings and works of Jesus in the Bible.
Overall, Maher seems to be using humor and hyperbole to argue that certain political ideologies do not truly reflect the values exemplified by Christ in the Gospels.
Rick Santorum: Big Money President
on Thursday, September 24, 2015Former Sen. Rick Santorum (R-Pa.) Money Quotation saying that electorate doesn’t need political candidates tied to big campaign donors. Rick Santorum said:
“American families don’t need another president tied to big government or big money” — Rick Santorum
In this quote, former Republican senator Rick Santorum is criticizing the idea of electing a president who is too closely aligned with either “big government” or “big money” interests. Regarding “big government,” Santorum seems to be advocating for smaller state intervention in the economy and personal lives of citizens. And by “big money,” he appears to be referring to wealthy political donors and lobbyists who may exert undue influence.
Santorum’s view is that American families would be better served by a president focused primarily on mainstream public concerns rather than priorities driven by large bureaucracies or financial elites. Overall, the quote conveys Santorum’s belief that the presidency should promote middle-class priorities free from control by either excessive expansion of government powers or disproportionate sway from major donors and corporations.
Lawrence Lessig: U.S. Gov Purchased Policy
on Saturday, September 12, 2015Lawrence Lessig Money Quote saying American politics is ruled by special interest groups donations to campaigns. Lawrence Lessig said:
“America’s government has been bought. But not by us. Not by the American people. America’s government has been bought by the cronies and special interests” — Lawrence Lessig
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This quote suggests Lawrence Lessig believes that the government of the United States has been influenced and controlled by special interest groups and wealthy donors, rather than the general population. He is implying that the government has been “bought” by these interests, rather than being responsive to the needs and desires of the people
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