Meaning: The quote "I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name" is a witty and critical statement made by Geraldine Ferraro, an American politician and diplomat. This quote is often attributed to her during her vice-presidential campaign in 1984 when she was the running mate of Democratic nominee Walter Mondale. The phrase "voodoo economics" was famously used by George H.W. Bush to describe Ronald Reagan's economic policies during the 1980 Republican presidential primary, and Ferraro's adaptation of the term in her quote indicates her skepticism and criticism of the economic policies put forth by her opponents.

Geraldine Ferraro was the first female vice-presidential candidate representing a major American political party, and she made history with her nomination for the position. This quote reflects her sharp wit and outspoken nature, as well as her willingness to challenge the economic policies of her opponents in a clever and memorable way.

The term "voodoo economics" is a derogatory phrase used to describe economic policies that are seen as unrealistic or overly reliant on overly optimistic assumptions. In the context of Ferraro's quote, it suggests that she believed the economic policies being proposed were not based on sound principles and were more akin to a form of magical thinking rather than rational economic theory. By stating that calling it "voodoo economics" would give witch doctors a bad name, Ferraro effectively conveys her disdain for the economic policies being put forward.

The use of humor in Ferraro's quote serves to underscore her point about the perceived flaws in the economic policies being discussed. By invoking the notion of "voodoo economics" and comparing it to witch doctors, she highlights the absurdity and impracticality of the policies in question. This approach can be an effective way to capture the attention of the public and draw focus to the issues at hand.

Ferraro's quote has endured as a memorable and impactful statement, reflecting her willingness to challenge conventional wisdom and her ability to articulate complex ideas in a straightforward and relatable manner. The quote has been used by commentators and political observers to criticize economic policies that are seen as overly optimistic or lacking in substance.

In conclusion, Geraldine Ferraro's quote "I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name" is a sharp and memorable critique of economic policies, delivered with wit and humor. It reflects Ferraro's willingness to challenge conventional wisdom and her ability to communicate complex ideas in a relatable manner. The quote has endured as a lasting commentary on economic policy and continues to be referenced in discussions about the intersection of politics and economics.