Quotes About Recession

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

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.

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.

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.

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.

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?

They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression.

As I noted, jobs slowly returned from the depths of the Great Recession, but in order to get them, many workers had to accept lower pay than before.

The big economic news isn't the slow return of jobs. It's the continuing drop in pay. Most of the jobs we've gained since the Great Recession pay less than the jobs lost during it. An analysis from the National Employment Law Project shows that the biggest losses were in jobs paying between $19.05 and $31.40 an hour; the biggest increases have been in jobs paying an average of $9.03 to $12.91 an hour.

It's no mere coincidence that over the last century the top earners' share of the nation's total income peaked twice, in 1928 and 2007—the two years just preceding the biggest downturns.

According to Commerce Department data, private sector wage gains over the last decade have even lagged behind wage gains during the decade of the Great Depression (4 percent over the last ten years, adjusted for inflation, versus 5 percent from 1929 to 1939).

Funerals cost so much money, and are likely to be an additional source of stress in this recession - it's sad that we don't have a more humane, less commercialized way to approach burial.

Mulroney used a little-known constitutional procedure to appoint enough senators to overcome Liberal appointees. By 1990, free trade coincided with a harsh new recession. Almost a million Canadians saw their well-paid factory jobs disappear. Mulroney was to blame.

Anyway, I'm seeing my parents in their mid-sixties with no retirement, you know, everything that they built over their entire life just disappeared. And then with the recession you see that happening to more people," Ash said. Though she'd always considered herself a "follower," she began to worry that, even if she

As we already know from the poverty numbers, the bottom fifth of families gained very little. The growth in their average incomes was less than 0.2 percent a year over the past forty-four years and, even before the recession, their real incomes were no higher than they had been in the late 1970s. Average incomes of the top fifth, by contrast, grew more quickly, at 1.6 percent a year, though not as quickly as those of the top 5 percent, whose average incomes grew at 2.1 percent a year. Once

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.

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.

Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics profession contributes anything significant to society.

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

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.

The only direction Obama has the economy moving is backward.

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.

human tragedy of potentially biblical proportions." He added: "The challenge we face is how to act with sufficient strength and speed to prevent the recession from morphing into a prolonged depression

John Maynard Keynes, the great British economist, died in 1946. But his ghost lives on. When economies around the world contracted sharply in late 2008 and early 2009, government officials started seeing visions of the 1930s and turned