Unemployment Quotes - page 4
In 1932 many dark clouds still hung round the horizon. In 1933, although the outlook was distinctly brighter, there was no settled feeling that we were about to enjoy a spell of fine weather. To-day the atmosphere is distinctly brighter. The events of the last 12 months have shown gratifying evidence that the efforts of His Majesty's Government are bearing fruit...If you look to what I might call the telltale statistics, the unemployment figures and statistics of such things as retail trade, consumption of electricity, transport, iron and steel production and house building, in every case you see a definite revival of activity...If I might borrow an illustration from the titles of two well-known works of fiction, I would say that we have now finished the story of "Bleak House" and that we are sitting down this afternoon to enjoy the first chapter of "Great Expectations."
Neville Chamberlain
The time has come to speak out. Britain is now locked in a vicious spiralling interest rates...The net result of completing the vicious circle is that prices have increased, the rate of inflation has gone up, the money supply has increased, unemployment has gone up, the rate of bankruptcies has increased, the industrial base has been further eroded, the Government's borrowing requirement has increased and as a result there is more pressure to raise interest rates yet again, to be followed inevitably by the same vicious circle. It is this that must be broken.
Edward Heath
We are now faced with massive unemployment, on a scale certainly at the level of the 1930s and to become greater. The improvement in housing, education and the standard of living has stopped. To all of us, that is a matter of the greatest possible regret... One of our intentions after the 1930s was to ensure that the Conservative Party was never again considered to be the party of unemployment. I ask my hon. Friends to think seriously about that in our present circumstances.
Edward Heath
The hangover theory, then, turns out to be intellectually incoherent; nobody has managed to explain why bad investments in the past require the unemployment of good workers in the present. Yet the theory has powerful emotional appeal. Usually that appeal is strongest for conservatives, who can't stand the thought that positive action by governments (let alone-horrors!-printing money) can ever be a good idea. Some libertarians extol the Austrian theory, not because they have really thought that theory through, but because they feel the need for some prestigious alternative to the perceived statist implications of Keynesianism. And some people probably are attracted to Austrianism because they imagine that it devalues the intellectual pretensions of economics professors. But moderates and liberals are not immune to the theory's seductive charms-especially when it gives them a chance to lecture others on their failings.
Paul Krugman
One interesting footnote: although Friedman made great strides in macroeconomics by applying the concept of individual rationality, he also knew where to stop. In the 1970s, some economists pushed Friedman's analysis of inflation even further, arguing that there is no usable trade-off between inflation and unemployment even in the short run, because people will anticipate government actions and build that anticipation, as well as past experience, into their price-setting and wage-bargaining. This doctrine, known as "rational expectations,” swept through much of academic economics. But Friedman never went there.
Paul Krugman
And since any inflation, however modest at first, can help employment only so long as it accelerates, adopted as a means of reducing unemployment, it will do so for any length of time only while it accelerates. "Mild" steady inflation cannot help-it can lead only to outright inflation. That inflation at a constant rate soon ceases to have any stimulating effect, and in the end merely leaves us with a backlog of delayed adaptations, is the conclusive argument against the "mild" inflation represented as beneficial even in standard economics textbooks.
Friedrich Hayek
Trade unions and strikes cannot help in times of crisis when there is no demand for this "commodity”, they cannot change the conditions which, convert labour-power into a commodity and which doom the masses of working people to dire need and unemployment. To change these conditions, a revolutionary struggle against the whole existing social and political system is necessary; the industrial crisis will convince very many workers of the justice of this statement.
Vladimir Lenin
The skills and productivity of American Workers, not to mention the taxes they pay, are the greatest economic resource our country has. To condemn large numbers of them to unemployment, to deprive the Treasury of their tax contributions and to force them to live on unemployment at public expense is the most expensive luxury any society ever chose to buy.
Lane Kirkland
But you don't have a chance if you can't find a job. I don't think it penetrates the minds of this Administration what it must be like for a factory worker to arrive home to his family with the news that he's been laid off. What it must be like not to know what the future holds for your children, because you don't know what the future holds for you. What it must be like to see the government take hundreds of billions of dollars that could be used to fund job training, unemployment benefits, or jobs programs - and instead to send that money off to people who have such staggering wealth that the new money won't make the tiniest improvement in their lifestyle. What it must be like to be told that tax cuts for the rich are necessary to create jobs for working people, and then to see jobs fall month after month for more than 30 months. If that doesn't break your heart, you don't have a heart.
Wesley Clark
England totally disarmed and an easy prey to hostile forces! Can you think of anything more likely to excite cupidity and hostile intention? We should sink to the level of a fifth rate Power, our Colonies would be stripped from us, our commerce would decline, famine and unemployment would stalk the land. ... I share your longing for peace. God forbid that it should be again disturbed! The constant and undivided effort of the Government is for its preservation. But I have yet to learn that the cause of peace can be served by rendering our country impotent.
Stanley Baldwin
And so it is, seven years nearly after the War, that we yet see this prolonged and intensified depression, and this horrible figure of unemployment...We stand to-day at a point where, roughly speaking, one out of every ten of the insured population is out of work...But there is no direct remedy from the State alone. There can be no direct remedy by private men alone. Nothing can be done unless we can all pull together with a will. And I am-and I speak seriously-quite profoundly thankful that the Labour Party have been in office, and for this reason: that they now know that they, no more than any other Government, have been able to produce a panacea that would remedy unemployment. And in their hearts they must admit that they have no remedy which can be guaranteed to cure this disease and at the same time maintain unimpaired the international position and power of the British Empire.
Stanley Baldwin
High taxes, over-regulation, and an anti-business attitude are clearly the cause of our economic problems. Our economy is floundering, and too many Marylanders have been struggling, just to get by. 40 consecutive tax hikes have taken an additional $10 billion out of the pockets of struggling Maryland families and small businesses. We've lost more than 8,000 businesses, and Maryland's unemployment nearly doubled.
Larry Hogan
