“You know that there’s been tremendous turmoil in our financial markets and Wall Street. And it is – it’s – people are frightened by these events. Our economy, I think, still, the fundamentals are – of our economy are strong, but these are very, very difficult times. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.”

— John McCain

Speaking at Jacksonville, Florida the day after the collapse of Lehman Brothers and the sell-off of Merrill Lynch, 15 September 2007 http://news.mywebpal.com/partners/680/public/news925950.html http://www.nydailynews.com/blogs/dc/2008/09/economic-fundamentals-strong.html
2000s, 2008

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John McCain 169

politician from the United States 1936–2018

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“The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.”

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“When challenges to our prosperity emerged, we rose to meet them. Facing the prospect of a financial collapse, we took decisive measures to safeguard our economy. These are very tough times for hardworking families, but the toll would be far worse if we had not acted. All Americans are in this together. And together, with determination and hard work, we will restore our economy to the path of growth. We will show the world once again the resilience of America's free enterprise system. The decades ahead will bring more hard choices for our country, and there are some guiding principles that should shape our course.”

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“We cannot realize financial reconstruction and enhance social security without a strong economy. It’s impossible to pursue foreign and security policy based on our stance without a strong economy.”

Yoshihide Suga (1948) 99th Prime Minister of Japan

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“There are different views about what's good for our country, our economy, and our leadership in the world. And I think it's important to look at what we need to do to get the economy going again.”

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“The big thing that happened in the early to mid-90s was the last big discussion about political economy. Roughly speaking we went for endogenous growth, for flexible labour markets and the financial sector, and that was considered modern. The book that I wrote at that time was arguing that the German system – which had worker representation on boards, very strong vocational training, regional banks, very strong federal forms of democratic government – was actually better suited to globalisation because it preserved knowledge, trust, institutions, skills … Now, I think the results of our experiment are in and we really got it wrong.”

Maurice Glasman, Baron Glasman (1961) British philosopher

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“I know these are difficult times. I know folks are worried. But I also know that now is not the time for fear or panic. Now is the time for resolve and steady leadership. Because I know we can steer ourselves out of this crisis. This is a nation that has faced down war and depression; great challenges and great threats. We have seen always that mountaintop from the deepest valley. We have always risen to the moment when the moment was hard – and we can do it again. We can restore confidence in our economy and renew that fundamental belief – that here in America, our destiny is not written for us, but by us.”

Barack Obama (1961) 44th President of the United States of America

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“We’re now in the seventh year of a slump brought on by Wall Street excess; the wizardly job of “allocating the economy’s investment resources” consisted, we now know, largely of funneling money into a real estate bubble.”

Paul Krugman (1953) American economist

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The Conscience of a Liberal blog

“Middle-class economics works. Expanding opportunity works. And these policies will continue to work as long as politics don’t get in the way. We can’t slow down businesses or put our economy at risk with government shutdowns or fiscal showdowns. We can’t put the security of families at risk by taking away their health insurance, or unraveling the new rules on Wall Street, or refighting past battles on immigration when we’ve got to fix a broken system.”

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“I say that we put all our money upon the wrong horse. ... My own conviction is strong that, unless some very essential reforms in the conduct of the government are adopted, the doom of the Turkish Empire cannot be very long postponed.”

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (1830–1903) British politician

Source: Speech https://api.parliament.uk/historic-hansard/lords/1897/jan/19/address-in-answer-to-her-majestys-most#column_29 in the House of Lords (19 January 1897), expressing regret for Britain's support of the Ottoman Empire in the Crimean War

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John McCain 169

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