Quotes About The Recession

#1. The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development.

Frederick Jackson Turner

#2. There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time.

Rahm Emanuel

#3. In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.

Newt Gingrich

#4. I don't think the Palestinian people or Afghan children or some other things I'm concerned about are at the top of other people's agendas - not right now, when America is going through such a recession and people are suffering across the board financially. But I think all that will change.

Patti Smith

#5. Things are pretty good in Canada. We weathered the recession fairly well. And, of course, were up here up living here, we're watching American news and we're constantly saying, wow, it's not as bad as it is in the United States.

Rick Mercer

#6. The unhappy irony is that, while 'Glee' is hitting the heights, school arts funding is being slashed across the country due to the steep recession and declining tax revenues.

James Wolcott

#7. With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.

Sherrod Brown

#8. Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.

James P. Hoffa

#9. Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything.

Gavyn Davies

#10. In brief, we have no explicit family policy but instead have a haphazard patchwork of institutions and programs designed mostly under crisis conditions, whether the crisis is national in scope (such as a recession ) or personal (such as a break-up of a particular family).

Kenneth Keniston

#11. Faced with a deep recession, some say the answer is to expand the role of government.

Rick Scott

#12. It's not just about the current economic environment. History shows that slashing budgets always leads to recession.

Ha-Joon Chang

#13. We are in the middle of an education recession.

Rod Paige

#14. Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.

William Greider

#15. Alchemy: In times of recession it's not wise to argue about the price of gold.

Robin Sacredfire

#16. Historically in every recovery, because the president rightly did inherit a recession. But historically, the lagging indicator always deals with employment.

Sean Hannity

#17. The recession is everywhere. We need to be heard. Wouldn't it be great if there could be more referendums so we could have regular voting on specific points?

Joss Stone

#18. This explains why I've been making Recession Tea- letting a teabag steep for half the time it should so I can use it again for a second cup later.

Suzan Colon

#19. Nobody's profitable at this moment, because recession is on; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere.

Brit Hume

#20. The trade unions in the UK are campaigning around zero-hours contracts, which isn't about feminism, but it's a feminist issue. Women are affected by zero-hours contracts, and the recession has and is affecting women more than men.

Rachel Holmes

#21. Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

Brian Sandoval

#22. Americans are driving more in less-efficient vehicles. Sales of sports utility vehicles and pickup trucks have been amazingly strong considering the recession, and low pump prices are keeping people on the roads

Mike Lucky

#23. The light was frozen, dead, a ghost. Only from the yellow barrels of the microscopes did it borrow a certain rich and living substance, lying along the polished tubes like butter, streak after luscious streak in long recession down the work tables.

Aldous Huxley

#24. Our goal is not to douse the recession with money, which would be useless, as both you and I know. Our goal is to liberate the business initiative, to lower administrative and law enforcement pressure and to make legal protection truly effective

Dmitry Medvedev

#25. Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

James Buchan

#26. You can't wake up looking for the recession.

Jenifer Lewis

#27. The Federal Reserve is not currently forecasting a recession.

Ben Bernanke

#28. Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

Doug Ose

#29. America cannot afford a rally to restore sanity in the middle of a recession. Did you even consider how many panic-related jobs that might cost us in the fear-industrial complex?

Stephen Colbert

#30. The unemployment rate has effectively not gone down from where it was at the peak of the recession. The only reason it's gone technically from 10 percent to 8 percent is so many people are discouraged and have quit work.

Jim Talent

#31. At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

George Soros

#32. We got into a recession because the global economy went into the recession and we're a big exporting nation.

Stephen Harper

#33. The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.

J. D. Hayworth

#34. We will do everything to change what needs to be changed, fight against recession so that the country meets its targets, while reinforcing our country in the heart of the euro and the European Union.

Yiannis Stournaras

#35. Finally, in the Mississippi state Senate, earmarks are often hidden in bond bills, which I have voted against many times, because our bonded indebtedness is too high and we simply can't afford it. For example, building museums in the middle of a recession makes little sense.

Chris McDaniel

#36. So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.

Paul Ryan

#37. Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are
a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.

Ha-Joon Chang

#38. The recession has forced many entrepreneurs to draw on hidden reservoirs of courage. Get up, dust off, and get back to work.

Timi Nadela

#39. The government has to spend money during a recession, because their spending is our earning.

Linda Ronstadt

#40. After the Big Recession of 2008, many Americans found themselves without jobs, homes, and savings. We realized that we really can't rely on our 401k's to keep us safe. It's up to us to achieve financial freedom for ourselves. And home-based businesses is the way to go.

Kevin J. Donaldson

#41. Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

Bill Maher

#42. Until the Fed lets us have a real recession, as painful as that may be, we are never gonna have a recovery.

Ziad K. Abdelnour

#43. Once supply begins to dwindle, the years to follow will see shortages that at best will cause global recession, possibly worse than the 1930s Great Depression, ... war, famine, pestilence and death.

Kenneth S. Deffeyes

#44. It was a recession when I graduated, but I was so unequipped to have a job anyway, I don't think it would have mattered if the economy was booming. I think I was expecting bad jobs. But as it went on through my 20s, I began to wonder how things were going to turn out.

Jeffrey Eugenides

#45. Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

Lucy Powell

#46. In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.

Marcia Angell

#47. Department store Santas are apparently being trained to lower children's expectations about toys because of the recession. Yeah, it's weird when you ask Santa for a train set and he's like, 'Yeah, how 'bout a bus token?

Jimmy Fallon

#48. I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.

Iyanla Vanzant

#49. Talk of the imperial decay of your invalid port. Its gracious withdrawal from perfection, keeping a hint of former majesty withal, as it hovers between oblivion and the divine Untergang of infinite recession.

Stephen Potter

#50. The Great Recession was now entering its third decade, and unemployment was still at a record high. Even the fast-food joints in my neighborhood had a two-year waiting list for job applicants.

Ernest Cline

#51. Believing that a crisis is a useful thing to create, the Obama administration - which understands that, for liberalism, worse is better - has deliberately aggravated the fiscal shambles that the Great Recession accelerated.

George Will

#52. We don't tell New Zealanders we can stop the global recession, because we can't. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.

John Key

#53. I was asked what I thought about the recession. I thought about it and decided not to take part.

Sam Walton

#54. A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

Timothy Ferriss

#55. You know what? We need a recession in this country, because that would finally weed out all the subnormal, underdeveloped, stupefied, puerile people in this workforce.

Jen Lancaster

#56. Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.

Bill Gross

#57. No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

Lester Bangs

#58. You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.'

Joe Biden

#59. I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

Warren Buffett

#60. The most empowering thing you can do though is to create innovative ways to bring in livable wages. That begins with a debt free lifestyle.

Brandi L. Bates

#61. How is it having more control if we have a recession as the Bank of England and IFS say?

Sadiq Khan

#62. I grew up in a council house in a poor Scottish town. I came of age during the recession of the mid-1980s when unemployment in my area reached 40 per cent.

John Niven

#63. Financial crashes happen precisely because the people who remember the last one have either died or retired and thus are no longer around, with memories and character formed by that previous experience, to warn people not to be irresponsible.

N. T. Wright

#64. The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life.

Jim Fowler

#65. I have always believed that this idea of having a nation go through this very painful five or six years of continuous recession with high unemployment would be detrimental for the economy and the society.

Antonis Samaras

#66. In the United States, 95 per cent of income gains since the recession began have gone to the top 0.01 per cent.

Russell Brand

#67. In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

Joe Biden

#68. Wall Street excesses helped lead to the Great Recession.

Chuck Schumer

#69. It's clear that the true problems of our Nation are much deeper - deeper than gasoline lines of energy shortages, deeper even than inflation or recession. And I realize more than ever that as President I need your help. So, I decided to reach out and listen to the voices of America.

Jimmy Carter

#70. This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

Austan Goolsbee

#71. Our first goal is to stop the recession and start with recovery.

Antonis Samaras

#72. In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.

Giovanni Agnelli

#73. A standard of living is of the nature of habit ... it acts almost solely to prevent recession from a scale of conspicuous expenditure that has once become habitual.

Thorstein Veblen

#74. New York never felt the recession. New York never felt a depression.

John Catsimatidis

#75. For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.

Evan Davis

#76. A lot has happened over the years. And while this nation has been tested by war, and it's been tested by recession and all manner of challenges - I stand before you again tonight, after almost two terms as your president, to tell you I am more optimistic about the future of America than ever before.

Barack Obama

#77. By investing in anonymous
cryptocurrencies, you are buying 'insurance' against a recession, as the value of the cryptocurrency could increase significantly if the economy falters and the black market grows.

Will Martin

#78. I think governments are quietly terrified. There's massive unemployment, a recession they don't know how to deal with, and the measures they've taken are not working yet, and maybe they're not going to work. There's a prospect of significant social disorder.

Simon Critchley

#79. Surely, the best and most effective measure is to get the economy moving and shorten the period of recession or slowdown. That's the rationale for Gordon Brown's 'fiscal stimulus' and it sounds like a good one to me.

Lucy Powell

#80. I had hoped that foreboding economic circumstances would have caused the ultra-rich to think not just of themselves and increasing their own personal affluence. Unfortunately, however, too many of them lack concern, and without this concern, the divisive imbalance will only worsen with recession.

Jamie Johnson

#81. The recession came and we decided it would save a lot of bother if we just slept through it. So we programmed the computers to revive us when it was all over.

Douglas Adams

#82. I am upset and completely disappointed in the government, the millionaires and billionaires in the U.S. See what's happening to the country? Look at all the health problems, the economy, the recession and crime.

Maharishi Mahesh Yogi

#83. What most Americans mean when they say "the end of the recession" is, "When will it be back to normal? When can we get jobs? When will the employment rate be back to 4 percent or 5 percent?"

Joseph Stiglitz

#84. Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

Yiannis Stournaras

#85. I said we are in a mental recession. We keep getting the steady drumbeat of bad news ... it's become a mental recession. We don't have measured negative growth. That's a fact, that's not a commentary.

Phil Gramm

#86. The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

Ben Bernanke

#87. The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.

Ben Bernanke

#88. I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand.

Peter Welch

#89. They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression.

Rick Majerus

#90. The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

Mark Zandi

#91. If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

Franklin Raines

#92. Weak banks endangered sovereigns that were called upon to save them, and weak sovereigns endangered banks holding bonds at risk of default. Recession worsened the debt ratio, but austerity to reduce borrowing suppressed growth, or caused even worse recession.

John Peet

#93. The received wisdom is that risk increases in the recession and falls in booms. In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions.

Andrew Crockett

#94. Louisville, Colorado, which was just voted by CNN and Money magazine as the best place to live, is a veritable Whitopia that is unaffected by the housing crisis and even the severe recession. You look at the best places to live, according to Money's 2009 list, and 9 of the 10 are Whitopias.

Richard Benjamin

#95. When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off.

Michael Lewis

#96. In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.

Amity Shlaes

#97. Millionaires are just as patriotic as poor people. The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it's time we just ask.

Joe Biden

#98. I think the great majority of Republicans, mainstream Republicans from across the country, don't want to see Donald Trump as president of the United States either. They're concerned they'd see a recession and I think they are also concerned we'd see a more dangerous world.

Mitt Romney

#99. The Arab soul is broken by poverty, unemployment, and general recession. The Tunisian revolution is not far from us. The Arab citizen entered an unprecedented state of anger and frustration.

Amr Moussa

#100. The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts of ordinary Americans.

Michael Lewis