It's simply too difficult to quantify at this stage what kind of economic impact any of these policies will have because who knows if they will ever make it through Congress. But from both a market point of view and from an economic point of view, the best possible scenario would be gridlock. It means they have to come together and do something more reasonable than more extreme. And that's what everyone out there wants.
More Quotes from Michael Wallace:
Outside observers seem to be giving the project a thumbs-up so far. I think that this approach is a good idea, ... It is interesting because no one has attacked it this way before.Michael Wallace
If you look at where the market's going, they're not just video game machines anymore. Microsoft is not getting into this to sell video games ... They don't want to give up control of the living room to Sony.
Michael Wallace
It's a hit strewn business, ... Much like the movie business, you need to come up with something new and exciting. If there are expectations for a product that doesn't pan out, then you're in trouble.
Michael Wallace
We expect these moves to hurt near-term results. We also expect both companies to be very conservative with (fiscal 2007) guidance, which could lead to more estimate cuts.
Michael Wallace
These people were shot down, make no mistake about it, without any opportunity to come down, ... I think what happened is that the right hand didn't know what the left hand was doing.
Michael Wallace
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Based on Topics: Congress Quotes, Economics Quotes, Government QuotesBased on Keywords: gridlock, quantify
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