The debate about tax cuts shouldn't be whether they helped or not -- they clearly helped taxpayers. The debate should be whether we can afford them and whether they can lead to a sustained recovery in economy.
More Quotes from Mark Vitner:
It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having soMark Vitner
(The Fed) would rather see slower economic growth over the next two years than the return of stagflation three or four years down the road, ... And I think they'll do everything they have to make sure we don't have stagflation.
Mark Vitner
I think it's going to be a bad month for retailers. The news was so horrific coming out of New Orleans that it made people not feel like going out to dinner.
Mark Vitner
What happened in March, if you were thinking about buying a home this spring and you thought rates were going to rise, you may well have rushed into the market. The weather cooperated as well, making it easy for folks to get out and shop, particularly in the South.
Mark Vitner
The trucking industry is very competitive, so driving up the costs of hiring drivers has not really translated that much to price pressure for finished goods.
Mark Vitner
The jobless recovery is well behind us. The economy right now is not really in a recovery mode, it's in a boom mode. Companies are going to be hiring out of fear if they don't, they lose an opportunity to make more money.
Mark Vitner
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