Recessions Quotes - Page 7

• A recession is when you have to tighten your belt; depression is when you have no belt to tighten. When you've lost your trousers - you're in the airline business.

  Adam Thomson

  Airline Business, Aviation, Lost

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• We're still in a recession. We're not gonna be out of it for a while, but we will get out.

  Warren Buffett

  Stills

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• 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

  Perfection, Majesty, Withdrawal

  "One-Upmanship". Book by Stephen Potter, p. 143, 1952.

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• 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

  Trying, Cost, Economist

  "The Economist" Interview, www.economist.com. March 31, 2010.

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• 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

  Sound, Band, Clubs

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• 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

  Jobs, Loss, Class

  "New Hampshire Debate: News & Updates From GOP Presidential Forum". www.huffingtonpost.com. June 13, 2011.

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• 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

  Retirement, Cutting, Europe

  "Exclusive: GOP VP candidate Paul Ryan on 'Hannity'". "Hannity" with Sean Hannity, www.foxnews.com. August 21, 2012.

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• It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.

  John Kenneth Galbraith

  Expression, Voice, People

  "The Great Crash, 1929". Book by John Kenneth Galbraith, Chapter V, The Twilight of Illusion, Section II, p. 70, 1954.

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• An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

  Mark Zandi

  Rising, Today, Economy

  Source: www.washingtonpost.com

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• If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

  Mark Zandi

  Suffering, Want, Economy

  Source: www.washingtonpost.com

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• During normal times or boom times, there are some parts of the business that are going to so well, that that can cover for weakness and other parts of the business. What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.

  Reid Hoffman

  Mistake, Weakness, Normal

  Source: bigthink.com

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• 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

  New York, Powerful, Cities

  "Biography/ Personal Quotes". www.imdb.com.

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• When women were excluded from New Deal programs, Eleanor Roosevelt fought to include them. Roosevelt was among a handful of leaders who realized the US economy would not escape the depths of recession without the full contributions of women.

  Lael Brainard

  Leader, Depth, Economy

  "Political leaders often overlook the key to economic growth: women" by Lael Brainard, www.theguardian.com. July 31, 2013.

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• Private prison companies are now listed on the New York Stock exchange and are doing quite well in a time of economic recession (and depression in some communities). But that's just the tip of the iceberg.

  Michelle Alexander

  New York, Community, Economic Recession

  Source: www.truth-out.org

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• A default of the US government would not only be very harmful here, it would probably send the country back into deep recession, but it just might crash the international financial system.

  Noam Chomsky

  Country, Government, Might

  Source: www.truth-out.org

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• There's a profound price to the incorrect assumption that LGBTQ movements are white, male and wealthy. That is not a good thing to be dealing with if you're in the midst of a conversation where the recession profoundly impacts you at the same time because people say well, "Really? What's your issue? I mean you all have money. You all have access."

  Amber Hollibaugh

  Mean, Impact, White

  Source: www.truth-out.org

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• It wasn't necessary to speak on the recession, you know what I mean, but I just though it made a lot of sense. I was like, "okay, cool," I'm going to go with this approach for the name of the album [ The Recession].

  Young Jeezy

  Mean, Names, Albums

  Source: www.hiphopcanada.com

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• At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

  Mark Zandi

  Technology, Thinking, Imbalance

  Source: www.washingtonpost.com

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• Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

  Mark Zandi

  Art, Dark, Thinking

  Source: www.washingtonpost.com

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• A recession is when your neighbor loses his job. A depression is when you lose yours.

  Ronald Reagan

  Funny, Depression, Witty

  "Ronald Reagan: A Man True to His Word".

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• When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington.

  Joseph Stiglitz

  Views, Fiscal Policy, Needs

  Source: www.progressive.org

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• 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.

  Barack Obama

  Demand, Want, Lasts

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• Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

  Doug Casey

  Government, Regulation, Cleansing

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• There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.

  Philip Kotler

  Government, People, Growth

  Source: bobmorris.biz

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• 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

  Needs, Canada, Economy

  "Fox News Sunday" with Chris Wallace, www.foxnews.com. March 29, 2009.

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