recession quotes

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.‘

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?

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.

Unfortunately, in a recession, the people who suffer the most aren’t the rich, but the wanna-be rich and the poor.

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.

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

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.

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

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

No one saw the recession coming.

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