Lawrence Lindsey
Lawrence Lindsey
Lawrence B. Lindsey was director of the National Economic Council, and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated...
advent anyone computers empirical establish finance half impact large public run second
At first, he was thought of as extreme, but later, with the advent of computers, he was able to run large databases and establish a very large empirical record. I can't think of anyone who's had more impact on public finance in the second half of the 20th century.
economy-and-economics problems starting
The world's problems are starting to infect the U.S. economy,
base cut fall floor provides tax
The tax cut provides enough of a floor that we don't fall too far. We'll have a base from which to grow.
earn euro problems reserve
At the start, the euro is going to have problems as a reserve currency. It will ... have to earn its place.
analysis disagree
disagree on the analysis before they ever get to the remedies.
percent surprised
I would not be surprised to see 5 percent unemployment by the end of the summer. I would be surprised to see 6 percent.
debt either larger money pay people pockets spending trouble
What we want to see is ... people get more money in their pockets sooner, ... There's some trouble out there, apparently, with the economy, and we want to see people have larger paychecks so that they can either pay down their debt (or) use it for some spending that they may want to do.
debt either larger money pay people pockets spending trouble
What we want to see is have people get more money in their pockets sooner, ... There's some trouble out there, apparently, with the economy, and we want to see people have larger paychecks so that they can either pay down their debt (or) use it for some spending that they may want to do.
security social touching
I don't think we're going to be touching Social Security at all.
business cash meet pay raise running
Right now, if you are running a business in Asia, you have to liquidate just about anything you can just to raise the cash to meet pay day,
happening unlikely
Because of what's happening in Asia, we are unlikely to see an acceleration of inflation,
bubble economy-and-economics emerging exert large pressure side
While it is not so large as to exert undue pressure on the real side of the U.S. economy, this emerging bubble is nonetheless real.
bought buy fourth insurance policy test
We really did need an insurance policy, and we bought an insurance policy just in time. The test is going to be: Did we buy a big enough insurance policy? And we will know in the fourth quarter.
leading looks rising unlikely
We have rising real incomes for households, leading to rising real consumption. That looks unlikely to be disrupted,