Recession Quotes - page 2

The economic recession in America wasn't caused by bad luck; it was caused by bad Republican policies. But the Republican candidates are doubling down on the same flawed policies that led to the loss of 3.6 million jobs in the final months of 2008 and gravely affected middle class families across America. (Debbie Wasserman Schultz)

Children are coming to school with trauma, everyday trauma, that they live under: violence in the homes, alcoholism in the community, unemployment thats 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

In a recession, you must be able to call into question everything you've done before.

Francois-Henri Pinault

And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.

Franklin Raines

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

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

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

I don't know if you call a burger recession food. It's comfort food.

Michael Mina

Because the world is in economic recession, which worsened since this drama happened, and our country will bear the burden of all of these consequences.

Omar Bongo

History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.

Pete Sessions

Americans know that we cannot tax and spend our way out of a recession, yet Democrats cant grasp this simple fact. (Pete Sessions)

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

I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.

Stephen A. Schwarzman

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

There are always, of course, job losses of a cyclical nature in a recession.

Tim Bishop

Around '75 when the recession hit, club owners started going to disco because it was cheaper for them to just buy a sound system than it was to hire a band.

Tommy Shaw

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

Often I've stated how I hate to be wrong. That has aborted many a tempting error, but not all of them. But I hate much more to stay wrong. Early on, I've learned to check back on earlier proclamations. One can learn much from one's own errors and precious little from one's triumphs. By September of 1945, it was becoming obvious that oversaving was not going to cause a deep and lasting post-war recession. So then and there, I cut my losses on that bad earlier estimate.

Paul Samuelson

So I am skeptical about the argument that the subprime mortgage problem will contaminate the whole mortgage market, that housing construction will come to a halt, and that the economy will slip into a recession. Every step in this chain is questionable and none has been quantified. If we have learned anything from the past 20 years it is that there is a lot of stability built into the real economy.

Robert Lucas, Jr.

The attacks on the World Trade Center and the current economic recession, which is particularly powerful in New York City, have put a number of building plans on hold for the time being.

David Rockefeller

To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Judging by Mr. Greenspan's remarkably cheerful recent testimony, he still thinks he can pull that off. But the Fed chairman's crystal ball has been cloudy lately; remember how he urged Congress to cut taxes to head off the risk of excessive budget surpluses? And a sober look at recent data is not encouraging. (Paul Krugman)

We are accused of all sorts of terrible things, of us wanting to undermine your market, of dumping and so forth. There was no such talk before, but when you had your recession, there were people who wanted to put the whole blame on the Russians. All these fables of us being such terrible devils are not well founded. We want to trade in earnest and well.

Anastas Mikoyan

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

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

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

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