Quotes About Recession

When the economy is good lots of restaurants open, and when the economy tightens, not as many open.

Business, investor, and consumer confidence is shaken and the contraction phase begins.

Kudlow was optimistic. "There is no recession," he wrote. "In fact, we are about to enter the seventh consecutive year of the Bush boom.

Obama ran a hard-edged and negative campaign against Romney, hoping to convince recession-weary voters that his rival was unworthy of the job.

After the deep recession of 1981–82, the country had had several good years under the Reagan presidency. (Though at a price: The federal debt—or accumulated deficits—had tripled from fiscal 1980 to fiscal 1989.) Beginning in 1989, the economy grew at below-typical rates.

Hoover had prevented 'an immediate attack upon wages as a basis of maintaining profits,' but the result of wiping out profits and maintaining artificial wage rates was chronic, unprecedented depression.

One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.

The IT bubble is the IT bubble, and of course, we became a company that contracted dramatically in 2001 and 2002: we basically came down by 45,000 people - a dramatic ramp-down.

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 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.

Loose money and light regulation were a toxic mixture. It exploded.

el capitalismo al estilo americano— está modelando de maneras poco afortunadas nuestra identidad individual y como nación. Lo que aflora es un conflicto con nuestros valores más elevados: la codicia, el egoísmo, la abyección moral, la disposición a explotar a otros y la deshonestidad que la Gran Recesión puso de manifiesto en el sector financiero se evidencian hoy en todos lados, no solo en Estados Unidos.

during the 2008 crisis, corporate welfare reached new heights. In the great bailout of the Great Recession, one corporation alone, AIG, got more than $180 billion—more than was spent on welfare to the poor from 1990 to 2006.68 As

from 2007 to 2010, median wealth—the wealth of those in the middle—fell by almost 40 percent

Your son is more likely to seek a job in a sector that is being increasingly outsourced overseas- as with computer technology and manufacturing, as well as online jobs. Your daughter is more likely to hold jobs in stable sectors that are more recession proof, like health and education, both of which are 75 percent women.

Time and Fortune, a columnist wrote, "We wonder if there will ever be any building again." Sixty-four percent of the city's construction workers were unemployed.

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.

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

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 …

the recession came and we decided it would save a lot of bother if we just slept through it. So we programmed the computers to revive us when it was all over.

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.

Wall Street is in trouble because Main Street is broke.

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.

In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.