Financial Crises Require Governments.

The Rest Of The World Needs The U.s. Economy And Financial System To Recover In Order For It To Revive. We Remain At The Center Of Global Economic Activity With Financial And Trade Ties To Every Region Of The Globe.

And I Think It's A Prudent, Responsible Way, Given The Scale Of The Emergency, The Scale Of The Damage Still Facing America, That We Finance These Additional Support For The Unemployed As Well As The Support For Small Business. We Think There's A Good Case For Doing It Now. We Want To Do It In An Overall Fiscally Responsible Way.

This Crisis Is Not Simply A More Severe Version Of The Usual Business Cycle Recession, The Typical Downturn In Which Economies Ultimately Adjust And Stabilize.

Most Consequential Choices Involve Shades Of Gray, And Some Fog Is Often Useful In Getting Things Done

Financial Crises Require Governments.