Political Quotes

Ben Bernanke: “That jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that…”

On the recordSeptember 23, 2008
That jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will not just be able to recover in a normal, healthy way, no matter what other policies are taken.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Ben Bernanke warns of the dire consequences if action is not taken quickly regarding the economic crisis.

Share

More from Ben Bernanke

Jul 9, 2026

Anthropic has created a unique governance structure to try to ensure that the long-run benefits of AI for humanity far outweigh the risks.

dailycaller.com
Jul 9, 2026

The potential of Artificial Intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build it around.

dailycaller.com
Jul 16, 2020

Opening schools is more important.

congress.gov
Jul 16, 2020

I do think is very important on both humanitarian and also economic basis.

congress.gov

Other voices in this conversation