Political Quotes

On the recordOctober 28, 1992
Well, I can't hold out for any hope for saying I want interest rates to go up. I mean, I am proud that they're down. And families that are overburdened on interest are being able to refinance their homes. So I can't say to you they should do anything other than to invest their savings in something that yields more money. We have got to have a policy of keeping interest rates down. And that is, in the final analysis, going to be one of the major stimulants of jobs and opportunity, jobs for kids. So to those whose earnings are down because they had their money in CD's who are now paying lower interest rates because we've been able to contain inflation, I would simply say, you know, try to find alternative investments because there's plenty that pay more than a CD did or a Government bond does. But I cannot represent myself as wanting to see some policy that would raise interest rates. I am very proud of the fact we brought them down. And I'm very proud of the fact we brought inflation down so that saver, that senior citizen you're talking about doesn't see his or her savings explode in the cruelest tax of all, inflation. And I would get a partisan shot in here by reminding people what it was like when we had a Democratic President singing the same song that Governor Clinton is singing and a Democratic Congress. ``Misery index,'' 20; inflation, 15; interest rates, 21. We can't go back. Supreme Court Appointments
Said by
George H.W. Bush
Republican · Texas

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