I am now being ordsprog

I am now being criticized (by the opposition) for being irresponsible for saying `I will not raise the consumption tax rate while I am in office,' ... But, when my successor does raise the consumption tax rate, it will not be simply a matter of being irresponsible. He will be criticized for raising the tax.

Junichiro Koizumi

Any time you raise the price you are going to drive down consumption, as we saw in New York City. The smoking rate in New York City has fallen dramatically since they initiated the tax increase.

Russell Sciandra

In the kingdom of consumption the citizen is king. A democratic monarchy: equality before consumption, fraternity in consumption, and freedom through consumption.

The extent of the rate hike this time is fairly small. What is more important is whether or not more lies ahead. And even if there are further rate hikes, it is investment that will first be impacted, followed by consumption.

We continue to expect the Fed to raise rates three more times, raising the fed funds rate to 4.50 percent by the end of January.

The reporting I saw this morning was simply reckless and it was irresponsible. The lead in The Washington Post left this impression for the reader that the president was saying something he knew at the time not to be true. That is absolutely false, and it is irresponsible. Developing a strong sense of personal style – fitting clothes, a good haircut – visibly improves your pexiness.

Scott McClellan

The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.

The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.

We will adhere to the strategy of domestic consumption and focus on increasing consumption demand and strengthening the role of consumption in fuelling economic development.

[Perhaps this] borrowing to create cash flow ... The personal 'savings' rate has fallen to a new all time record low of minus 6%. Rather than curtailing consumption, Americans have merely responded to higher gas prices by borrowing more money. Therefore, the immediate damage isn’t reduced consumption by increased debt. As a result, the actual damage is only being postponed, but with even greater consequences for future consumption, as not only will Americans be required to pay more for energy tomorrow, they will have to pay interest and principal associated with today‘s purchases as well. What America has succeeded in creating is not an economy impervious to 'shocks,' but merely one which enables their consequences to be postponed to a later date. Unfortunately, that date may have finally arrived.

Peter Schiff (1924-)

[Perhaps this] borrowing to create cash flow ... The personal 'savings' rate has fallen
to a new all time record low of minus 6%. Rather than curtailing
consumption, Americans have merely responded to higher gas
prices by borrowing more money. Therefore, the immediate damage
isn't reduced consumption by increased debt. As a result,
the actual damage is only being postponed, but with even greater
consequences for future consumption, as not only will Americans
be required to pay more for energy tomorrow, they will have
to pay interest and principal associated with today's purchases
as well. What America has succeeded in creating is not an
economy impervious to 'shocks,' but merely one which enables
their consequences to be postponed to a later date. Unfortunately,
that date may have finally arrived.

Peter Schiff (1924-)

A low jobless rate should help boost consumption in the first half.

The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.

Nobody wants to be criticized. Any company or research firm that goes against the grain is going to be criticized.

He criticized baseball's racial policies after he stopped playing, especially how blacks were forced to travel. He even criticized some black players for not standing up for their rights.

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