"The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery"
- Karl Rove
About this Quote
This quote by Karl Rove suggests that President Obama will deal with a tough challenge in the future. The public will be able to see the consequences of his decisions, which might consist of greater inflation, greater rate of interest, greater taxes, slow economic growth, and a jobless healing. This could cause a lack of public support for the President's policies, as people may not want to accept the unfavorable results of his decisions. It is clear that President Obama will have to carefully think about the potential repercussions of his choices in order to guarantee that the public remains encouraging of his policies.
This quote is written / told by Karl Rove somewhere between December 25, 1950 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments"
"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens"
"Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation"
"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it"
