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Top 10 Recession Quotes
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Recession is when a neighbor loses his job. Depression is when you lose yours.
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.
As sure as the spring will follow the winter, prosperity and economic growth will follow recession.
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.
I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.
I was a hard-times governor. I had to steer my state through the deepest recession since the 1930s. But hey, tough times don't last and tough people do. And can I tell you that Virginians are tough people? We are tough people.
The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development.
Frederick Jackson Turner
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.
The 1980s was a time of the great recession of interactive entertainment. When Atari fell in 1982, until Nintendo launched its console, video games were an outcast for five years.
I don't know if you call a burger 'recession food.' It's comfort food.
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The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics profession contributes anything significant to society.
Robert J. Shiller
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
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.'
State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.
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.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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.
No one saw the recession coming.
The recession of the late 1980s was a very visible humiliation. Cities across Britain had become the victims of botched battlefield surgery - surgery that involved the ripping up of factories, the flattening of buildings, and the razing of the Victorian heritage of heavy labour.
In these times of the 'Great Recession', we shouldn't be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don't. I find it patriotic.
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.
Much of the blame for the Great Recession lies with abuses in the housing market - namely the creation of risky and unsustainable home loans that were packaged and sold as quality investments around the globe.
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.
It's a recession when your neighbor loses his job; it's a depression when you lose yours.
Harry S Truman
So I think the winners in recession are the people who produce new technology that does things better, which people really want.
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