"I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done"
About this Quote
The key move is “the bond market” as an impersonal disciplinarian. It’s shorthand for creditors, interest rates, capital flight - but rhetorically it becomes a kind of weather system: objective, beyond politics, punishing anyone who overreaches. That’s the subtext: elected officials may “attempt to do good,” but there’s a higher court, and it doesn’t care about intent. In one sentence, democratic priorities get reframed as contingent on investor mood.
His timeline matters. “Beyond a year,” “out years” signals a fight over whether stimulus, spending, or reforms are temporary triage or structural commitments. Raines is drawing a bright line around duration because long-term obligations spook lenders more than short-term deficits. It’s also a way to sound reasonable - he’s not against action, just against action that sticks.
As a businessman (and, historically, a finance-world figure), he’s translating policy into a balance-sheet narrative: even successful social aims can be “offset” by market backlash. That’s not neutral analysis; it’s a cultural argument about who gets to set the limits of the possible.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Raines, Franklin. (2026, January 15). I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done. FixQuotes. https://fixquotes.com/quotes/i-think-if-you-go-beyond-a-year-if-this-154316/
Chicago Style
Raines, Franklin. "I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/i-think-if-you-go-beyond-a-year-if-this-154316/.
MLA Style (9th ed.)
"I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/i-think-if-you-go-beyond-a-year-if-this-154316/. Accessed 12 Feb. 2026.




