2008
7. “Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009.”
-National Association of Realtors [January 2008]
8. “Although recent data suggest that the probability of a recession in 2008 has increased, CBO does not expect the slowdown in economic growth to be large enough to register as a recession.”
-US Congressional Budget Office [January 2008]
9. “I don't think we're headed to a recession.”
-President George W. Bush [February 2008]
10. “I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system.”
-Ben Bernanke [February 28, 2008]
11. “No! No! No! Bear Stearns is not in trouble.”
-Jim Cramer, CNBC commentator [March 2008]
12. “Later this year, I expect growth will pick up.”
-Henry Paulson, just after Treasury had mailed out 130 million economic stimulus cheques [May 2008]
13. “Fannie Mae and Freddie Mac are fundamentally sound. They're not in danger of going under.... I think they are in good shape going forward.”
-Barney Frank, chairman of the House Financial Services Committee [July 2008]
14. “My own belief is if we were going to have some sort of big crash or recession, we probably would have had it by now.”
-Canadian Prime Minister Stephen Harper [September 2008]
15. “We're probably somewhere pretty close to a bottom.”
-Fund manager Barton Biggs [September 2008]
16. “The fundamentals of our economy are strong.”
-US Senator John McCain [Sept 15, 2008]
:rofl2: