If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession. — Franklin Raines Copy Share Image
Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off. — Franklin Raines Copy Share Image
And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then… — Franklin Raines Copy Share Image
And so the danger for the housing industry is if we see interest rates rise. — Franklin Raines Copy Share Image
Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into… — Franklin Raines Copy Share Image
Well, there are about 10 million children that aren't covered by health insurance. About 3 million qualify for Medicaid but don't get it, so… — Franklin Raines Copy Share Image
I think if you go beyond a year - if this continues into the system in the out years, I think there is a… — Franklin Raines Copy Share Image
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also… — Franklin Raines Copy Share Image
So from the housing standpoint, steady as you go, I think, would be the best medicine. — Franklin Raines Copy Share Image
Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off… — Franklin Raines Copy Share Image
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes… — Franklin Raines Copy Share Image
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in… — Franklin Raines Copy Share Image
Well, I think the best form would be to put money directly in the pockets of consumers. — Franklin Raines Copy Share Image
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19… — Franklin Raines Copy Share Image
