"The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength"
About this Quote
The phrase “only undermine” does heavy lifting. It flattens a complicated debate about stimulus, deficits, and distribution into a single causal arrow: higher taxes equals weaker growth. In that simplification is the subtext of the era’s Republican creed, especially after years of tax cuts: the state’s appetite is the true threat, not the market’s misjudgments. Notice how the sentence turns “strength” into the destination. That word is doing cultural work, evoking national resilience and post-9/11 resolve, letting fiscal policy borrow the emotional authority of patriotism.
Context matters: the 2008 financial crisis cracked the legitimacy of deregulation and Wall Street risk-taking, creating political space for aggressive government intervention. Bush, already authorizing extraordinary measures, still wants the intervention to read as temporary and surgical, not a pivot toward a larger tax-and-spend settlement. The intent is defensive: stabilize markets without conceding the ideological ground that taxes might be part of the recovery toolkit.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Bush, George W. (2026, January 17). The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength. FixQuotes. https://fixquotes.com/quotes/the-financial-crisis-should-not-become-an-excuse-35045/
Chicago Style
Bush, George W. "The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/the-financial-crisis-should-not-become-an-excuse-35045/.
MLA Style (9th ed.)
"The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/the-financial-crisis-should-not-become-an-excuse-35045/. Accessed 12 Feb. 2026.

