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Recession Quotes
Recession Quotes
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
Class
Bad Luck
Down
Luck
Recession
Final
Months
Jobs
Bad
Economic
Policies
Caused
Affected
Loss
Led
Families
America
Same
Candidates
Middle
Middle Class
Republican
Flawed
Doubling
Across
Gravely
Million
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.
Denise Juneau
Class
Treat
School
Before
Sit
Community
Live
Recession
Everyday
About
Percent
Learn
Coming
Go
Math
Unemployment
Just
Children
Help
Trauma
Even
Homes
Violence
Need
To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.
Edgar Fiedler
Sense
Recession
Enough
Must
Economic
Economic Activity
Absolute
Mere
Qualify
Real
Decline
Activity
Growth
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.
Edgar Fiedler
Experience
Result
Few
Down
Recession
Others
Never
Economy
Industries
Continue
Expand
Just
While
Large
Shows
Dragging
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.
Elaine Chao
Reality
National
Research
Recession
Though
Seems
Economic
Most
Conclusion
June
Square
American
Ended
Bureau
Deemed
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.
Eric Alterman
People
Problem
Nothing
Recession
Our
Obama
Lies
Table
Threat
More
More People
Facing
Ideas
Force
Still
Came
Were
Years
Years Ago
Up
Five
Than
Offering
Get
Tax
Tax Cut
Republicans
Cut
Therein
Fundamental
Millionaires
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
Government
Financial
First
Year
Recession
Additional
Top
Collapse
Released
Out
Statistics
Percent
Economic
Recovery
Real
Coming
Covering
Gains
Straight
Fully
Found
Income
Recently
Aggressive government spending during the Great Recession was absolutely necessary.
Eric Garcetti
Government
Great
Aggressive
Recession
Spending
Absolutely
Government Spending
Necessary
I think poverty is the biggest challenge for Los Angeles and for many of our cities that have come back from the recession.
Eric Garcetti
Challenge
Poverty
Think
Recession
Back
Our
Cities
Angeles
Come
Los
Los Angeles
Biggest
Biggest Challenge
Many
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.
Eugene Fama
People
Walk
Recession
Unless
Indication
Make
Payments
Homes
Away
Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession.
Fareed Zakaria
Recession
Our
Easily
Arabia
Could
Lead
Global
Protests
Hearts
Oil
Warm
Might
Barrel
Street
Saudi
Saudi Arabia
In a recession, you must be able to call into question everything you've done before.
Francois-Henri Pinault
You
Before
Recession
Everything
Must
Able
Call
Question
Done
If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.
Franklin Raines
Try
Will
Recession
Deficit
Severe
Structural
Budget
Come
Reduce
Still
Effect
Automatic
Cutting
Keep
Utah is one of the nation's leaders in rebounding from the Great Recession.
Gary Herbert
Great
Nation
Recession
Leaders
Utah
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
Great
Events
Old
Recession
Changed
Settled
Broad
Everything
About
Seemed
Economic
Splits
Economic Policy
Share
Between
Over
Economists
Policy
Years
Decade
Being
Apparently
Consensus
Last
Last Decade
Two
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.
George Papandreou
Confidence
Strong
Problems
Will
Recession
Market
Jobs
Consumer
Consumer Confidence
Affect
Lack
Europe
Deeper
Deeply
Believing that a crisis is a useful thing to create, the Obama administration - which understands that, for liberalism, worse is better - has deliberately aggravated the fiscal shambles that the Great Recession accelerated.
George Will
Great
Better
Recession
Liberalism
Worse
Crisis
Obama
Administration
Obama Administration
Deliberately
Accelerate
Understands
Fiscal
Which
Create
Aggravated
Useful
Useful Thing
Believing
Thing
I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've had a recovery from the financial crisis that would be well below what one might normally expect for a recovery from such a deep recession. And to counteract that we need better tax policy.
Glenn Hubbard
Financial
Better
Try
Think
Recession
Financial Crisis
Crisis
Would
Would-Be
Rate
Variety
Recovery
Had
Counteract
Well
Policies
Policy
Normally
Expect
Tax
Which
Tax Policy
Romney
Might
Ethos
Use
Deep
Whole
Growth
Raise
Below
Need
I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.
Iyanla Vanzant
People
First
Recession
Feel
Economy
Most
Because
Provide
Person
Happening
Mean
Realize
Realized
Many
Services
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
Depression
Character
Business
Greed
Recession
Moral
Moral Character
Purge
Economic
Excess
Had
Supposed
Until
Up
Expansion
Body
Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.
James P. Hoffa
You
Recession
Corporate
Corporate America
Top
Tell
One Percent
Wealthy
Followed
About
Percent
Recovered
Between
Economy
Executives
Years
Families
America
Anyone
While
Gains
Who
Income
Last
Recent
Recent Years
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.
James Wolcott
School
Unhappy
Country
Heights
Recession
Steep
Glee
Revenues
Due
Irony
Hitting
Arts
Being
Tax
While
Tax Revenues
Declining
Across
Funding
Ironically, for the mega-rich, recession brings with it the ability to live well at a lower cost and with less of a hassle.
Jamie Johnson
Live
Recession
Hassle
Ability
Cost
Well
Ironically
Lower
Less
Brings
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.
Janet Yellen
Stronger
Recession
Ease
Would
Rates
Tend
Federal
Federal Reserve
Policy
Greater
Provide
Scope
Interest
Interest Rates
Average
Productivity
Therefore
Reserve
Event
Monetary
Monetary Policy
Growth
Level
Raise
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.
Janet Yellen
Great
Generation
Before
Recession
Baby
Relates
Boom
Clearly
Participation
Accelerate
Well
Force
Began
Labor
Pace
Decline
Aging
Peaked
Portion
Early
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.
Janet Yellen
Future
Great
Financial
Recession
Tools
Financial Crisis
Crisis
Respond
Remain
Federal
Federal Reserve
New
Likely
Policy
Dealing
Which
Useful
Helped
Reserve
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