Recession Quotes

Utah is one of the nation’s leaders in rebounding from the Great Recession.

The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.

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.

The FHA’s success provides strong evidence that government can and should play a role in the nation’s mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

It was a recession when I graduated, but I was so unequipped to have a job anyway, I don’t think it would have mattered if the economy was booming. I think I was expecting bad jobs. But as it went on through my 20s, I began to wonder how things were going to turn out.

There are more people at Obama’s table offering ideas than there were five years ago, but when it came to facing up to the Republicans’ threat to force a double-dip recession if they didn’t get their millionaires’ tax cut, they still amounted to nothing. And therein lies our fundamental problem.

Expansions do not die of old age. The probability of recession in the following year is the same for a three-year-old expansion as it is for a five- or six-year-old expansion.

The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.

If we did go into a recession, something that’s always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

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

We don’t tell New Zealanders we can stop the global recession, because we can’t. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.

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.

In these times of the ‘Great Recession’, we shouldn’t be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don’t. I find it patriotic.

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.

In the worst of our recession, bars were making money. Every bar can make money. If they’re failing, it’s not because of the president or Congress or Ukraine. It’s because of them. And if you own failure, then you’ll own success.

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.

Making new products is an easy tap for a company in a recession.

I basically got an education in software on DuPont’s money because they were too stubborn to admit that a recession was coming.

I’m astonished at how quickly the Great Recession came and went.

It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.

The exposure from ‘Iron Chef’ has been helpful, but at the end of the day your product and your service determine whether you get customers or not. If people decide to eat out less during a recession, the first restaurants that they will cut out are the ones that don’t do a great job.

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

In God, there is no lack and no recession.

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

New York never felt the recession. New York never felt a depression.

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.

The recession’s high unemployment rates may have encouraged people to start sole proprietorships, but there are many obstacles in the way of growing a company to create jobs.

One of the defining experiences of my life came in the mid-1980s. After working for two years as a geologist in Colorado, I lost my job and my career during that long recession.

I am optimistic about the Philippine future. Yes, the momentum is there. We have to compete in industry and tourism; we’re still weak in industry. We’re good in BPOs and sending workers abroad… I think the future looks good, unless there’s a big recession in the world.

Flint is a big, industrial city. But when I was growing up, they had the recession, lead in the water, and all this other stuff. The city was really depleted.

As our nation continues to slowly recover from the recession, it is clear some families are doing better than others.

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

It’s very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They’d think you’re crazy.

We escaped the last big bursting of a bubble – the dotcom bubble – with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.

I see nothing that points to a recession in Germany. But I see considerable long-term tasks ahead of us that have to do with markets regaining confidence in Europe and that have a lot to do with reducing debt.

During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.

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.

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.

Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.

When we were at peace, Democrats wanted to raise taxes. Now there’s a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes.

The truth is that for those 86 long years when the Red Sox went without a World Series win, fans were not only in a recession, but trapped in a longstanding, deeply entrenched sports depression.

Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession.

I was the governor that drew a tough, tough straw. I was governor during the worst recession since the 1930s, and I had to cut $5 billion from the state budget.

Pittsburgh is an underdog city because it’s been in a recession for a really long time, since the steel industry collapsed, so it has this underdog mentality. Yeah, there are a lot of people who are conservative, but I also think they want to rally around their Pittsburgh people.

The early-’80s recession was good for good restaurants, not least because it put bad ones out of business.

I remember in 2007, 2008, when we had the recession, there were all of these very gloomy emails sent from a lot of venture capitalists, saying, Don’t expect to get funded.’

I thought I would set the world on fire when I got out of college. I had done quite well in a field that was growing. Unfortunately, we got hit with a recession in 1981.

I finished school in 1981 when there was a recession on so there was not a lot of money around or work. I worked on building sites during that time and there were many people on the dole or always looking for work.

The reason inflation was brought down to manageable levels, by the time of Ronald Reagan’s re-election, was directly attributable to Jimmy Carter’s very courageous act, hiring a Federal Reserve chair, with the charge to induce a recession. That recession was probably the reason he didn’t win a second term.

Women in finance bore the brunt of layoffs more than their male counterparts during the Great Recession in 2008 and were also more likely to have been in back office jobs that were replaced by computers.

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.

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.

The Bank of England’s Carney is worried the shock of Britain’s vote to leave the E.U. could cause households and businesses to temporarily halt spending, which could stop the economy and even spur a recession.

Keynes’s contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.

People stop buying things, and that is how you turn a slowdown into a recession.

If there’s a recession, I’d buy stocks. That’s when you make money: when markets are spooked.

With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.

A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.

‘Up in the Air’ may be a glossy production sprinkled with laughter and sex, but it captures the distinctive topography of our Great Recession as vividly as a far more dour Hollywood product of 70 years ago, ‘The Grapes of Wrath,’ did the vastly different landscape of the Great Depression.

Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, ‘In my day, we walked 10 miles in the snow just to get to the recession.’ In fact, the nature of recessions hasn’t changed much over the years.

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.

Recession is when a neighbor loses his job. Depression is when you lose yours.

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.

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

Many Americans who have suffered during a recession have had to cut their spending 1 percent, and they didn’t like doing it, but they were able to do it to get their family’s finances back in order.

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.

I don’t think there will be a recession as a result of a vote to leave.

We’ve been in a war and a recession. That’s why acccent colors with yellow and purple are popular. They’re optimistic and flirty and happy colors.

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.

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.

I am upset and completely disappointed in the government, the millionaires and billionaires in the U.S. See what’s happening to the country? Look at all the health problems, the economy, the recession and crime.

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.

A lot has happened over the years. And while this nation has been tested by war, and it’s been tested by recession and all manner of challenges – I stand before you again tonight, after almost two terms as your president, to tell you I am more optimistic about the future of America than ever before.

Prior to the 2008 recession, many financial institutions were engaging in ‘proprietary lending,’ where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients.

Does anybody remember, back in the depths of the recession of 1981-82, how President Reagan kept his chin up and exhorted American businesses to work hard and produce an economic recovery?

Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession.

The United States faces structural employment problems because of the long-term effects of globalization and technology. This was only exacerbated by the Great Recession.

A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

The recession of the late 1980s was a very visible humiliation. Cities across Britain had become the victims of botched battlefield surgery – surgery that involved the ripping up of factories, the flattening of buildings, and the razing of the Victorian heritage of heavy labour.

The ’90s and early 2000s were the ‘I’ decade. iPhone, the iPod – everything was about me. Look where that got us? In a terrible recession.

We have not recovered all that we lost in the Bush recession. That’s why we need to continue to move forward.

In a global economy, the Bush doctrine of unilateralism – going it alone – has been disastrous. It’s becoming increasingly clear that we’re all in this together. Your happiness is my happiness, your suffering is my suffering, your recession is my recession.

A robust, sustainably funded unemployment insurance system is Connecticut’s most important tool for keeping our families out of poverty and our economy in motion during a recession.

Faced with a deep recession, some say the answer is to expand the role of government.

History has shown that even in a recession, consumers go to shows.

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

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.

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

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

I favor the extension of the middle-class tax cuts because in a recession they’re stimulative and they help with demand.

I can’t see the film industry coming to a grinding halt any time soon. I think we may be more open to negotiations and things like that, but I think the art world tends to thrive in times of recession.

I don’t want to be partisan here. But please, tell me how you get out of a business recession by raising business taxes and regulations?

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

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.

New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns.

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.

There were a lot of manufacturing jobs lost over a long period of time and particularly after – during the Great Recession. We’ve had some recovery in manufacturing employment as the economy’s recovered.

Everyone drinks more during a recession; they want to forget.

Whenever there is a recession, the first sector that bounces back is technology services.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.

In the middle of a recession, where we’re just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

I think the depressing litany of projections about World War Three and global Brexit recession we hear from the Remain side is not the sort of approach we should take into the future.

If oil prices will go too high, it will slow down the world economy and would trigger a global recession.

We’ve gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.

No I don’t think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it’s going to get worse and worse.

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.’

The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development.

The trade deficit always goes up when the economy is strong and plummets when the economy sinks, as it did during both the Great Depression of the 1930s and the Great Recession of 2008-09.

Wall Street excesses helped lead to the Great Recession.

I was offered Fagin-type roles, but I wanted to do new things. I could have worked in America, but there was a recession in the British film industry, and I wanted to work in England. I’ve no regrets.

Surely, the best and most effective measure is to get the economy moving and shorten the period of recession or slowdown. That’s the rationale for Gordon Brown’s ‘fiscal stimulus’ and it sounds like a good one to me.

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.

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.

The trouble is that the average trader on Wall Street, he or she is so young, he doesn’t even remember the recession of 2001, let alone the previous one.

I think that capitalism in general is responsible, not for the worldwide recession, but for a lot of suffering, both in the United States and around the world.

No one saw the recession coming.

The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just as damaging.

In the wake of the 2008 recession, Congress and the Obama Administration rightly focused financial regulation on protecting the nation’s financial system from itself.

There is always some chance of recession in any year. But the evidence suggests that expansions don’t die of old age.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

Though the National Bureau of Economic Research deemed the recession to have ended in June 2009, to most Americans, that conclusion seems not to square with reality.

If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.

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.

President Obama’s reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring.

You cannot spend your way out of recession or borrow your way out of debt.

Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

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

Our first goal is to stop the recession and start with recovery.

The unhappy irony is that, while ‘Glee’ is hitting the heights, school arts funding is being slashed across the country due to the steep recession and declining tax revenues.

A recession is very bad for publicly traded companies, but it’s the best time for startups. When you have massive layoffs, there’s more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

I am not for raising taxes in a recession, especially when it comes to job creators that we need so desperately to start creating jobs again.

When historians consider the significance of the Berlin crises of the mid-20th century, I do not believe that they will record it as an incident in the encirclement of freedom. The true view, in my judgment, will be to see it rather as a major episode in the recession of communism.

The 1980s was a time of the great recession of interactive entertainment. When Atari fell in 1982, until Nintendo launched its console, video games were an outcast for five years.

Let’s be clear: raising taxes during a very slow recovery is likely to lead to another recession, and it will do absolutely nothing to balance the budget.

People don’t walk away from their homes unless they can’t make the payments. That’s an indication that we are in a recession.

We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can’t act like it’s a strong one.

So I think the winners in recession are the people who produce new technology that does things better, which people really want.

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you’re dealt?

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.

I personally believe that there’s going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there’s going to be a good case for that.

I don’t think the Palestinian people or Afghan children or some other things I’m concerned about are at the top of other people’s agendas – not right now, when America is going through such a recession and people are suffering across the board financially. But I think all that will change.

Millennials are a very interesting generation for a lot of reasons. They’re absolutely adorable, but they have some significant challenges. Their lives and their careers are delayed by about 10 years, partly because of the recession, also because of technology and also because of the way that they approach things.

It’s not all Obama’s fault: His plans to rebuild America’s energy infrastructure have been hampered by the recession, and his efforts on global warming have been stymied by Tea Party wackos and weak-kneed Democrats in Congress.

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.

For people worried about the Great Recession and the uncertainty of what is coming next, the characters of ‘Mad Men’ are good company.

There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

In my view, if you have one in 10 unemployed – something is wrong with the economy whether you call it recession or not.

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

We simply can’t spend our way out of a recession.

Americans don’t think we should be raising taxes on anybody, especially in the middle of a recession.

In the wake of the Great Recession, most business leaders have tended to focus on their enterprise and short-term performance. The time for that narrow focus is over.

The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they’re not the enemy. They’re the people that hire you. They’re the people that are going to give you a job.

When you see people getting involved in Comic Relief, especially in tough times or times of recession, that’s very positive.

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

Things are pretty good in Canada. We weathered the recession fairly well. And, of course, were up here up living here, we’re watching American news and we’re constantly saying, wow, it’s not as bad as it is in the United States.

For years, we’ve grown dependant on American consumers as the world’s spenders of last resort. They’ve kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they’ve not been looking after their own futures.

Loving relatives and home-cooked meals are solid levees against a recession.

Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession.

Much of the blame for the Great Recession lies with abuses in the housing market – namely the creation of risky and unsustainable home loans that were packaged and sold as quality investments around the globe.

If it’s servicing a real need, that doesn’t go away in a recession. If you’re serving a true need, and if you have a loyal group of customers that are falling… As the world goes through a tough time, these customers will stay with you.

The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn’t matter if it’s a recession or not, you can include that in your quality of life.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of – of American capitalism.

The United States came into the coronavirus recession with a few structural advantages, including a highly diversified economy.

Like every New Yorker, I know this place is magic. I know this place is amazing. I know that we have come back time and time again from a great recession, from high crime rates, from 9/11, from crisis after crisis.

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.

When the economy collapsed, our construction company was in Calgary, but the U.S. was further along in the recession, so I made the move down to Vegas.

We must not let the panicky Wall Street wheeler-dealers and the Trump-hating establishment state media talk us into a recession. We must keep the focus on the real economy, not the fake economy.

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.

Europe is a strong market for the U.S. If it has problems, if there’s a lack of consumer confidence, if there’s a deeper recession, this will deeply affect jobs in the U.S.

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

In a recession, people want to be told for two hours that everything is going to be OK. They want to escape from their humdrum or painful reality into a feel-good drama, or a love story that transcends their daily life.

There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time.

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can’t imagine changing circumstances.

Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out – even if a country can print its own currency and write its own cheques.

In the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier.

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