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“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 from the refinancing of mortgages.” quote by Franklin Raines
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“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 from the refinancing of mortgages.”

Franklin Raines

About This Quote

Source Testimony: Congressional Hearing, 2008

Economic stimulus from tax cuts, low rates, and mortgage refinancing boosts activity.

In simple terms: Stimulus measures stimulate the economy.

Key Takeaway

Leverage fiscal tools to support growth.

Themes

economy stimulus policy finance

Mood

analytical concerned

Type

economic policy

When to use this quote

  • business investment
  • consumer spending
  • housing market

Key Concepts

tax policy interest rates mortgage markets

Questions to Reflect On

  • What are the long‑term effects of such policies?
  • How to balance stimulus with fiscal responsibility?
A Different Perspective

Overreliance on stimulus may cause inflation.

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