Recessions Quotes - Page 8

• Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.

  Marsha Blackburn

  Play, Republican, Back To Work

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

  Tim Bishop

  Jobs, Loss, Courses

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• 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

  Struggle, Cutting, College

  "Campus Protests Should Remind Us All of College’s Value" by Sec. Arne Duncan, www.huffingtonpost.com. May 12, 2010.

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• 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

  Years, Two, Events

  "The great economics rift reopens" by Gavyn Davies, www.theguardian.com. February 19, 2010.

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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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• 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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• 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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• Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

  Brian Sandoval

  Unemployment, Nevada, Rate

  "Brian Sandoval RNC speech". www.politico.com. August 29, 2012.

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• 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

  Engineering, Done, Economic

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• In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.

  Herbert Hoover

  War, Taken, Usual

  Herbert Hoover (1952). “The great depression, 1929-1941”

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• You can't wake up looking for the recession.

  Jenifer Lewis

  Wake Up

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• In the wake of the Cultural Revolution and now of the recession I observe a mounting pressure to co-operate and to promote "teamwork." For its anti-individualistic streak, such a drive is of course highly suspect; some people may not be so sensitive to it, but having seen the Hitlerjugend in action suffices for the rest of your life to be very wary of "team spirit." Very.

  Edsger Dijkstra

  Teamwork, People, May

  "The strengths of the academic enterprise" by Edsger Dijkstra, www.cs.utexas.edu. February 9, 1994.

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• Department store Santas are apparently being trained to lower children's expectations about toys because of the recession. Yeah, it's weird when you ask Santa for a train set and he's like, 'Yeah, how 'bout a bus token?

  Jimmy Fallon

  Children, Expectations, Santa

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• The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.

  John Ralston Saul

  Government, Years, Leader

  John Ralston Saul (2012). “The Doubter's Companion: A Dictionary of Aggressive Common Sense”, p.251, Simon and Schuster

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• 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

  Economy, Assets, Periods

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• Meditation is the tongue of the soul and the language of our spirit; and our wandering thoughts in prayer are but the neglects of meditation and recessions from that duty; according as we neglect meditation, so are our prayers imperfect, - meditation being the soul of prayer and the intention of our spirit.

  Jeremy Taylor

  Prayer, Meditation, Soul

  Jeremy Taylor, George Rust (1851). “The Whole Works of the Right Rev. Jeremy Taylor...: With an Essay, Biographical and Critical”, p.73

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• During the last five years, those four advantages-costs, products, people, goodwill-have been the salvation of Interface during a recession that saw our primary marketplace shrink by 38% from peak to trough-38%! As a heavily leveraged company with over $400 million in debt, we might not have made it without the sustainability initiative and, especially, the support of our customers. This revised definition of success-this new paradigm-has a name: "Doing well by doing good". It is a better way to bigger profits.

  Ray Anderson

  Business, Years, Names

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• Hope sustains life, but misplaced hope prolongs recessions.

  James Grant

  Misplaced

  "Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope" by Arianna Huffington, www.huffingtonpost.com. July 16, 2009.

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• Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.

  Paul Johnson

  War, Self, Long

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• The recession is everywhere. We need to be heard. Wouldn't it be great if there could be more referendums so we could have regular voting on specific points?

  Joss Stone

  Voting, Needs, Referendums

  Source: www.interviewmagazine.com

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• There is only a recession of the things that people don't want.

  Mark Victor Hansen

  People, Want

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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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• 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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• Millionaires are just as patriotic as poor people. The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it's time we just ask.

  Joe Biden

  Patriotic, Class, People

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• Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

  Bill Gross

  Real, Vampire, Decay

  Bill Gross (2012). “Everything You've Heard About Investing Is Wrong!: How to Profit in Coming Post-Bull Markets”, p.51, Crown Business

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