1930s Quote by Jesse Jackson
“There was a direct jobs program from the Rooselvelt administration in the 1930s. The Justice Department has set up a task force to investigate the banks and the mortgage crisis but that's a little too late. Whenever they report they will report the obvious. It will be too late to impact the people who need the help the most.”
About This Quote
Source Speech: Remarks on Economic Policy, 1990s, United States
The quote critiques delayed governmental action on financial crises, suggesting that late interventions fail to help those most in need.
In simple terms: Late help misses those who need it most.
Key Takeaway
Act early to prevent crises.
Themes
government
economy
policy
justice
timing
Mood
critical
concerned
reflective
Type
policy
commentary
When to use this quote
- banking reform
- housing assistance
- unemployment programs
- community outreach
Key Concepts
regulation
public welfare
crisis management
Questions to Reflect On
- How can governments anticipate crises earlier?
- What mechanisms ensure timely aid?
A Different Perspective
Early intervention is often politically difficult.
![“They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/4ef/joseph-stiglitz-1351_banking_they-political-leaders-thought-the-only_452687.jpg)
![“This crisis started probably due to the freedom they gave to the banks. First President [Ronald] Reagan and then President [Bill] Clinton. So, for [Barack] Obama it is extremely difficult to change now, to find a way to organize this banking system [differently].” quote by Costa-Gavras](https://sms4smile.com/quotes/img-quotes/135/costa-gavras-22487_banking_this-crisis-started-probably-due-to-the_284284.jpg)
