Recession quotes:

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Wall Street excesses helped lead to the Great Recession. -- Chuck Schumer
Recession is when a neighbor loses his job. Depression is when you lose yours. -- Ronald Reagan
Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his. -- Ronald Reagan
Recession always encourages entrepreneurialism and innovation. It does that every time because when people have no options they look at other things. -- Theo Paphitis
The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine. -- Amity Shlaes
I think it's been unfortunate, but it's happened, that since the Great Recession, the gains have all gone to the top. And we need to reverse that. -- Hillary Clinton
Recession doesn't deserve the right to exist. There are just too many things to be done in science and engineering to be bogged down by temporary economic dislocations. -- Walt Disney
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
Recession-resistant development produces things people need. Unsustainable growth churns out tinsel products that consumers have to be seduced into buying - until times get tough, when they quickly give them up. -- Donella Meadows
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
The plain fact is that recent college grads aren't in massive pain. They suffered during the Great Recession like everyone else, but all told, they probably suffered a little less than most other groups. -- Kevin Drum
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression. -- Janet Yellen
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession. -- Janet Yellen
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
Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. -- Mark Zandi
It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. -- Mark Zandi
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. -- Mark Zandi
Most of the gains in the last years since the Great Recession have gone to the very top. So we are going to have the wealthy pay their fair share. We're going to have corporations make a contribution greater than they are now to America. -- Hillary Clinton
The American people understand that it is grotesquely unfair - we are a society that prides itself on fairness, that prides itself on equal opportunity, and people are looking out and seeing, since the Great Recession of 2008, 99 percent of all new income going to the top 1 percent. -- Bernie Sanders
I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy. -- Hillary Clinton
World needs a new order of modern economy. -- Toba Beta
When water fountains start charging to drink, then you know we have a problem. -- Anthony Liccione
I don't know if you call a burger 'recession food.' It's comfort food. -- Michael Mina
You cannot spend your way out of recession or borrow your way out of debt. -- Daniel Hannan
It's a recession when your neighbor loses his job; it's a depression when you lose yours. -- Harry S. Truman
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. -- Robert Foster Bennett
According to research from punchaguywithglasses.com, homeless people are making as much money as most recent college graduates. -- Jarod Kintz
We're still in a recession. We're not gonna be out of it for a while, but we will get out. -- Warren Buffett
I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism. -- Warren Buffett
Both had trouble generating conviction of their own but no trouble at all reacting to what they viewed as the false conviction of others. -- Michael Lewis
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
In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000. -- Michael Lewis
You know what? We need a recession in this country, because that would finaly weed out al the subnormal, underdeveloped, stupefied, puerile people in this workforce. -- Jen Lancaster
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
Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending -- Nassim Nicholas Taleb
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold. -- Michael Lewis
You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession. -- David Cameron
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
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
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
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. -- Arne Duncan
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
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
When women were excluded from New Deal programs, Eleanor Roosevelt fought to include them. Roosevelt was among a handful of leaders who realized the U.S. economy would not escape the depths of recession without the full contributions of women. -- Lael Brainard
President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. -- Mark Zandi
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
When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes. -- Ann Coulter
Canada is in budgetary deficit now only because of the recession, only because of stimulus measures, and we will come out of it. We will go back into surplus position when the economy recovers. So there is no need in Canada to raise taxes. -- Stephen Harper
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
Children are coming to school with trauma, everyday trauma, that they live under: violence in the homes, alcoholism in the community, unemployment that's 80 percent, not just during the recession. We need to help treat that before they can even go sit in a class and learn about math. -- Denise Juneau
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds. -- Steven Rattner
The Adversity Index was created by msnbc.com and Moody's Analytics to track the economic fortunes of states and metro areas. Each month, the Adversity Index uses government data on employment, industrial production, housing starts and home prices to label each area as expanding, at risk of recession, in recession or recovering. -- Bill Dedman
When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. -- Craig Ferguson
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. -- Stephen Harper
If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis. -- Tyler Cowen
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. -- Mark Cuban
The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods. -- Stephen Harper
No one saw the recession coming. -- Gordon Ramsay
You can't wake up looking for the recession. -- Jenifer Lewis
We haven't seen any African country talk about recession. -- Oscar N. Onyema
The Federal Reserve is not currently forecasting a recession. -- Ben Bernanke
Never miss out on an opportunity like a good recession. -- Jack Welch
There's never a recession if you work for the government. -- Ann Coulter
Everyone drinks more during a recession; they want to forget. -- Christian Audigier
[Obama White House] rescued the economy from the worst recession. -- Rahm Emanuel
You've heard of mental depression; this is a mental recession. -- Phil Gramm
Loving relatives and home-cooked meals are solid levees against a recession. -- Rosecrans Baldwin
I don't see any significant recession or depression in the offing. -- George M. Humphrey
If you raise taxes during a recession, you head to depression. -- George W. Bush
You don't run a business hoping you don't have a recession. -- Jamie Dimon
Our first goal is to stop the recession and start with recovery. -- Antonis Samaras
There is only a recession of the things that people don't want. -- Mark Victor Hansen
We face a far greater risk of psychological depression than of economic recession. -- Todd G. Buchholz
There are always, of course, job losses of a cyclical nature in a recession. -- Tim Bishop
The quality of our journalism will make or break our industry, not the recession. -- Rebekah Brooks
In a recession, you must be able to call into question everything you've done before. -- Francois-Henri Pinault
The government has to spend money during a recession, because their spending is our earning. -- Linda Ronstadt
People stop buying things, and that is how you turn a slowdown into a recession. -- Janet Yellen
Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate. -- Brian Sandoval
There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. -- Mark Zandi
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It's a recession when your neighbor loses his job; it's a depression when you lose yours. -- Harry S. Truman
If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked. -- Ben Stein
Successful people save in prosperous times so they have a financial cushion in times of recession. -- Brian Tracy
In terms of the economy, look, I inherited a recession, I am ending on a recession. -- George W. Bush
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. -- Robert Foster Bennett
History shows that tax increases during a recession are a recipe for greater unemployment and economic loss. -- Pete Sessions
It's not just about the current economic environment. History shows that slashing budgets always leads to recession. -- Ha-Joon Chang
There may be a recession in stock prices, but not anything in the nature of a crash. -- Irving Fisher
Americans don't think we should be raising taxes on anybody, especially in the middle of a recession. -- Mitch McConnell
You know, going to the movies has always been recession-proof. It's fairly cheap entertainment; it's classic escapism. -- John Lasseter
Throughout the nineteen-seventies and eighties, especially during periods of recession, employees were moved from offices to cubicles. -- Jill Lepore
We haven't had a recession for 25 years in Australia. It's partly because of our trade with China. -- Richard Glover
Donald Trump would send us back into recession with his tax plans that benefit the wealthiest of Americans. -- Hillary Clinton
Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it. -- Paul Johnson
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We got into a recession because the global economy went into the recession and we're a big exporting nation. -- Stephen Harper
I was asked what I thought about the recession. I thought about it and decided not to take part. -- Sam Walton
How is it having more control if we have a recession as the Bank of England and IFS say? -- Sadiq Khan
I wouldn't like Greece to stay recession. I do think that everything has to be undertaken to reconnect with growth. -- Jean-Claude Juncker
why shouldn't he? All life is just a progression toward and then a recession from one phrase-- 'I love you -- F. Scott Fitzgerald
Like other presidents before him, Barack Obama inherited a recession. But unlike them, he has made it worse, not better. -- Mitt Romney
I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand. -- Peter Welch
The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development. -- Frederick Jackson Turner
Americans know that we cannot tax and spend our way out of a recession, yet Democrats cant grasp this simple fact. -- Pete Sessions
Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact. -- Pete Sessions
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A recession doubles the necessity to be really focused on three or four tactics that can prove a return on investment. -- David Gates
Historically in every recovery, because the president rightly did inherit a recession. But historically, the lagging indicator always deals with employment. -- Sean Hannity
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession. -- Curtis Jackson
So I think the winners in recession are the people who produce new technology that does things better, which people really want. -- James Dyson
Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession. -- Fareed Zakaria
I think the artists of the recession will end up being a very strong force in the future. They learned about survival. -- Mark Edward
Obama ran a hard-edged and negative campaign against Romney, hoping to convince recession-weary voters that his rival was unworthy of the job. -- Ron Fournier
In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem. -- Ray Dalio
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
We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery. -- Karen Mills
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions. -- Robert Reich
If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures. -- Antonis Samaras
In the recession people are going to be looking even more at what movie stars are wearing, as it provides a fantasy outlet. -- Cher

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