Economic Recession Quotes & Sayings

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

It's not just about the current economic environment. History shows that slashing budgets always leads to recession. — Ha-Joon Chang

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. — Eric Hobsbawm

I believe very sincerely that we were extremely fortunate to have the recent recession while George Bush was President, just as we were very lucky that the recession of 1990 was under George H.W. Bush's presidency and the recession of 1981 was under Ronald Reagan. I think the fact that recessions tend to happen when Republicans are in the White House is a perfect example of God's divine providence. I've heard it said that the good Lord doesn't give you anything you can't handle, and maybe that's why he tries to always have us running things during economic downturns. — Jack Kimble

"The ultimate recession": a recession caused not by failed regulation and bankers' greed, but by very high oil prices, food and water shortages, disappearing forests, accelerating climate change, forced migration and mass civil disruption ... The long and the short of it, unfortunately, is this: more politicians still believe that economic recovery depends on continuing to live beyond our means (financially and ecologically) than on learning to live within our means. And that's why the ultimate "Perfect Storm" recession still looms on the horizon — Jonathon Porritt

The Nazi Party was, in the early 1920s, but one among many nationalist and volkisch radical political groups. It was catapulted to prominence with the onset of economic recession in the late 1920s ... The Nazis owed their spectacular to a combination of two discrete sets of factors: first, their distinctive organisation and strategy; and secondly, the wider socio-economic conditions which created climates of opinion and sets of grievances on which the Nazis could prey. — Mary Fulbrook

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

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

How often do police accidentally shoot and kill bankers who are committing financial crimes, stealing homes, and plunging the nation into economic instability and recession? — Ralph Nader

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

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman

Economic crises breed war. — Alex Callinicos

I had hoped that foreboding economic circumstances would have caused the ultra-rich to think not just of themselves and increasing their own personal affluence. Unfortunately, however, too many of them lack concern, and without this concern, the divisive imbalance will only worsen with recession. — Jamie Johnson

As sure as the spring will follow the winter, prosperity and economic growth will follow recession. — Bo Bennett

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

A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life. — Marianne Williamson

We face a far greater risk of psychological depression than of economic recession. — Todd G. Buchholz

At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills. — James Douglas

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. — Ron Paul

Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution. — Dick Morris

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy. — Roger Altman

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

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

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

You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.' — Joe Biden

Ego-identification with things creates attachment to things, which in turn creates our consumer society and economic structures where the only measure of progress is always more. The unchecked striving for more, for endless growth, is a dysfunction and a disease. It is the same dysfunction the cancerous cell manifests, whose only goal is to multiply itself, unaware that it is bringing about its own destruction by destroying the organism of which it is a part. Some economists are so attached to the notion of growth that they can't let go of that word, so they refer to recession as a time of "negative growth". — Eckhart Tolle

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

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

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 Company

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

The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money. — George W. Bush

As Ohio's working families continue to recover from the worst economic recession in our country's history, we need a president who's committed to growing our economy by lifting up the middle class. — Sherrod Brown

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. — Ben Bernanke

In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy. — Marcia Angell

The most important domestic challenge facing the U.S. at the close of the twentieth century is the re-creation of fatherhood as avital social role for men. At stake is nothing less than the success of the American experiment. For unless we reverse the trend of fatherlessness, no other set of accomplishments
not economic growth or prison construction or welfare reform or better schools
will succeed in arresting the decline of child well-being and the spread of male violence. To tolerate the trend of fatherlessness is to accept the inevitability of continued social recession. — David Blankenhorn

Economic recession?" "Well, you see, five million years ago the Galactic economy collapsed, and seeing that custom-built planets are something of a luxury commodity, you see ... — Douglas Adams

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion. — James Buchan