TOP 10 tag: Great Depression

15 Dec 2008

Top 10 Quotes of 2008

1. “I can see Russia from my house!” — Comedian Tina Fey, while impersonating Alaska Gov. Sarah Palin on the TV comedy show “Saturday Night Live,” broadcast Sept. 13.

2. “All of them, any of them that have been in front of me over all these years.” — Palin, responding to a request by CBS anchor Katie Couric to name the newspapers or magazines she reads, broadcast Oct. 1.

3. “We have sort of become a nation of whiners.” — former Sen. Phil Gramm, an economic adviser to Republican presidential candidate Sen. John McCain, quoted in The Washington Times, July 10.

4. “It’s not based on any particular data point, we just wanted to choose a really large number.” — a Treasury Department spokeswoman explaining how the $700 billion number was chosen for the initial bailout, quoted on Forbes.com Sept. 23.

5. “The fundamentals of America’s economy are strong.” — McCain, in an interview with Bloomberg TV, April 17.

6. “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” — the Treasury Department’s proposed Emergency Economic Stabilization Act, September 2008.

7. “Maybe 100.” — McCain, discussing in a town hall meeting in Derry, New Hampshire, how many years U.S. troops could remain in Iraq, Jan. 3.

8. “I’ll see you at the debates, b——.” — Paris Hilton in a video responding to a McCain television campaign ad, August 2008.

9. “Barack, he’s talking down to black people. … I want to cut his … off.” — Rev. Jesse Jackson, overheard over a live microphone before a Fox News interview, July 6.

10. (tie) “Cash for trash.” — Paul Krugman discussing the financial bailout, New York Times, Sept. 22.

10. (tie) “There are no atheists in foxholes and there are no libertarians in financial crises.” — Krugman, in an interview with Bill Maher on HBO’s “Real Time,” broadcast Sept. 19.

10. (tie) “Anyone who says we’re in a recession, or heading into one — especially the worst one since the Great Depression — is making up his own private definition of “`recession.’” — commentator Donald Luskin, the day before Lehman Brothers filed for bankruptcy, The Washington Post, Sept. 14.

According to the editor of the Yale Book of Quotations…

What is your Top 10?

10 Dec 2008

Top 10 Worst Predictions for 2008

by: rebecca

“If [Hillary Clinton] gets a race against John Edwards and Barack Obama, she’s going to be the nominee. Gore is the only threat to her, then. … Barack Obama is not going to beat Hillary Clinton in a single Democratic primary. I’ll predict that right now.” —William Kristol, Fox News Sunday, Dec. 17, 2006
“Peter writes: ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008
“[In] reality the risks to maritime flows of oil are far smaller than is commonly assumed. First, tankers are much less vulnerable than conventional wisdom holds. Second, limited regional conflicts would be unlikely to seriously upset traffic, and terrorist attacks against shipping would have even less of an economic effect. Third, only a naval power of the United States’ strength could seriously disrupt oil shipments.” —Dennis Blair and Kenneth Lieberthal, Foreign Affairs, May/June 2007
“[A]nyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of ‘recession.’” —Donald Luskin, The Washington Post, Sept. 14, 2008
“For all its flaws, an example to others.” —The Economist on Kenya’s presidential election, Dec. 19, 2007
“New York Mayor Michael Bloomberg will enter the Presidential race in February, after it becomes clear which nominees will get the nod from the major parties. His multiple billions and organization will impress voters—and stun rivals. He’ll look like the most viable third-party candidate since Teddy Roosevelt. But Bloomberg will come up short, as he comes in for withering attacks from both Democrats and Republicans. He and Clinton will split more than 50% of the votes, but Arizona’s maverick senator, John McCain, will end up the country’s next President.” –BusinessWeek, Jan. 2, 2008
“There is a real possibility of creating destructive theoretical anomalies such as miniature black holes, strangelets and deSitter space transitions. These events have the potential to fundamentally alter matter and destroy our planet.” —Walter Wagner, LHCDefense.org
“The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months.” —Arjun Murti, Goldman Sachs oil analyst, in a May 5, 2008, report
“It starts with the taking over of South Ossetia and Abkhazia, which has already happened. It goes on to the destruction of the Georgian armed forces, which is now happening. The third [development] will probably be the replacement of the elected government, which is pro-Western, with a puppet government, which will probably follow in a week or two.” —Charles Krauthammer, Fox News, Aug. 11, 2008
“I believe the banking system has been stabilized. No one is asking themselves anymore, is there some major institution that might fail and that we would not be able to do anything about it.” —Henry Paulson on National Public Radio, Nov. 13, 2008