Recessions Quotes - Page 10

• There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

  Mark Zandi

  Dark, Different, Flavor

  "A 40 Percent Chance of Economic Doom". Interview with Elizabeth Weingarten, www.slate.com. October 18, 2011.

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• When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class.

  Charlie Gonzalez

  Country, Wall, Lying

  "Charles Gonzalez DNC speech". www.politico.com. September 4, 2012.

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• 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

  Growth, Financial Problems, Causes

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• 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

  Dollars, Down And, Way

  "PBS NewHour" with Terence Smith, www.pbs.org. January 31, 2002.

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• 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

  Jobs, Years, Two

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• I think the economic empowerment of women that has been growing over the past decade is at the 'inflection point' with this global recession. Women are, we believe, the solution for their families in their ability to go out and increase household income.

  Andrea Jung

  Believe, Past, Thinking

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• 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

  Country, Zero, Vegas

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• 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

  Fate, Reality, Government

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• 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

  War, Years, Pestilence

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• There are 249 millionaires in Congress. Remember a couple of years ago when this new Congress told us they had the solution to the recession? Apparently, they didn't share it with the rest of us.

  Jay Leno

  Couple, Years, Remember

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• As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.

  Fareed Zakaria

  Country, Recovery, Past

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• 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

  Habit, Scales, Standards

  Thorstein Veblen (2016). “THE THEORY OF THE LEISURE CLASS: An Economic Study of American Institutions and a Social Critique of Conspicuous Consumption: Development of Institutions That Shape Society and Influence the Livelihood of Citizens: Based on Sociological & Economical Theories of Charles Darwin, Karl Marx, Adam Smith and Herbert Spencer”, p.68, e-artnow

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• The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.

  Nigel Lawson

  Monday, People, Black

  Speech to the Conservative Party Conference, October 13, 1988.

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• 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

  Taken, Thinking, Government

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• I feel like I've gone through stages with the industry; when I first started showing it was during the time of the recession, the economical situation meant fashion was suffering. But now the fashion business is back and booming, and I think it just encourages me to constantly set myself bigger and bigger challenges and reach new goals.

  Roksanda Ilincic

  Fashion, Thinking, Goal

  Source: www.interviewmagazine.com

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• Sustainability requires that we demand enduring quality. Steve Strong has a slide presentation pointing out that much of Oxford was built 800 years ago. What are we building today that will be here 800 years from now? If something like that emerged from this recession, it would help justify the hardship so many people are currently experiencing.

  Denis Hayes

  Strong, Years, Oxford

  "The Rumpus Interview with Earth Day organiser Denis Hayes". Interview with Melissa Price, therumpus.net. April 22, 2009.

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• 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

  Zero, Men, Issues

  Source: www.guernicamag.com

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• 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

  Jobs, Mean, Employment

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

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• The United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.

  George Friedman

  Chinese, Debt, United States

  Source: www.businessinsider.com

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• 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

  Country, Thinking, Dangerous World

  "Rush Limbaugh on rift that threatens the Republican Party; Mitt Romney talks Trump attack, future of the GOP". "Fox News Sunday" with Chris Wallace, www.foxnews.com. March 6, 2016.

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• I wouldn't like Greece to stay recession. I do think that everything has to be undertaken to reconnect with growth.

  Jean-Claude Juncker

  Thinking, Growth, Greece

  Source: marketnews.com

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• What I do believe absolutely is that in the middle of a recession, the American middle class and working class needs a tax relief.

  Bernie Sanders

  Believe, Class, Relief

  Source: www.realclearpolitics.com

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

  Sadiq Khan

  England, Ifs

  Source: www.telegraph.co.uk

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• We haven't had a recession for 25 years in Australia. It's partly because of our trade with China.

  Richard Glover

  Years, Australia, China

  Source: www.npr.org

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• Getting the economy back on its feet is properly viewed as an investment in future prosperity. When businesses and consumers confront attractive investment opportunities, often the only way to seize them is by borrowing. The same is true for government. Contrary to the pronouncements of critics of economic stimulus, these investments will not impoverish our grandchildren. Continuing to allow the economy to languish in recession is the surest way to impoverish them.

  Robert H. Frank

  Opportunity, Grandchildren, Feet

  Source: bobmorris.biz

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