Political Quotes

On the recordFebruary 6, 1991
Well, I think I tried to address some of that in the remarks I made earlier, because I believe we should have more confidence. We are in a recession; there's no question about that. But I think it will be shallow. I believe that the financial reforms we're talking will help. I believe the lowering of interest rates will help. I believe that the budget that, in spite of the magnitude of the deficit, with the restrained growth in the spending that is held to less than the rate of inflation, would help marginally--because the deficit works the other way. Some people are talking about stimulating--the old Keynesian approach of pump-priming, stimulating the economy. We've got a major--if government spending is what stimulus is, we've got the stimulus that comes from an unacceptable deficit. So, I will resist all these programs that are going to be offered up of make-work job programs or special housing programs or special added spending programs. They will not bring this economy out. I believe it's going to be shallow for the reasons I gave--inventory and interest rates and a lot of other reasons. So, I think what's needed is a boost of confidence. You mentioned travel--I understand that some people are afraid to travel because of security. I remember the charge going up, well, maybe we shouldn't have the Super Bowl because of security. We've got good security, and we've got good intelligence. And I think the American people should have confidence in travel and tourism. And I think people should come here with a renewed sense of confidence and travel. So, some of it is psychological; some of it is something the government can do something about, and I hope some of the programs that I've mentioned here tonight will do that. But I'm certainly not discouraged about the economic future in this country or our ability to get back on the growth path for the reasons I said in the speech itself. Mr. Voell. We'll have two more very short questions. Dwayne, have you got a short one? Postal Rate Increase
Said by
George H.W. Bush
Republican · Texas

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