Great Recession Quotes:

A recession is when your neighbor loses his job. A depression is when you lose yours.

- Ronald Reagan

source: "Ronald Reagan: A Man True to His Word".

topic: Funny, Depression, Witty, Funny Jokes, Economic Depression

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

- Daniel Hannan

source: "Outcry Against U.S. Budget Heard Around Globe". "Hannity" with Sean Hannity, www.foxnews.com. March 27, 2009.

topic: Debt, Politics, Way, Economic Recession, Great Recession

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

- Robert Foster Bennett

topic: Spring, Winter, Growth, Economic Growth, Winter Love

While some people might find it distasteful to pay taxes, I don't. I find it patriotic.

- Mark Cuban

topic: Patriotic, People, Might, Distasteful, Great Recession

Many Americans are feeling, you know, shut out, shut down, the great recession hasn't ended for too many Americans, wages are flat, families are struggling, not enough new jobs, or new businesses are being created, and it's important that we all try to figure out what we're going to do, and that's what I've done my entire life, fighting for a higher minimum wage, or family leave, now paid family leave which I believe in, equal pay for equal work.

- Hillary Clinton

topic: Jobs, Believe, Struggle, Great Recession

I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.

- Hillary Clinton

source: Source: www.businessinsider.com

topic: Taken, Believe, Thinking, Great Recession

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.

- Rahm Emanuel

topic: War, Two, Fixing, Meltdowns, Great Recession

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.

- Mark Zandi

topic: Creating, Credit, Today, Housing Market, Recessions

The Great Recession is not imaginary, and the effects loom large. There was an article in the NYT about the galloping death rate among white men in middle age. Higher than among any other demographic, etc. Mostly death by drugs, alcohol, or suicide. Many of them rural. My feeling is that it's many people who haven't been able to get back into the work force. Reg Morse is an example of the problem.

- Rick Moody

source: Source: therumpus.net

topic: Suicide, Men, White, Galloping, Great Recession

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

source: "The great economics rift reopens" by Gavyn Davies, www.theguardian.com. February 19, 2010.

topic: Years, Two, Events, Economic Policy, Great Recession

Even though the play [ The Best Man] was written a long time ago, the characters seem modern and their struggles to make ends meet and to "have a little fun along the way" have a very contemporary feel. The similarity between the The Great Depression and The Great Recession - as well as the gulf between the super-rich and the ordinary Joe - still rings a bell. One of the things this production accentuates is how beautifully Grandpa and his family accept all kinds of people - rich or poor, black or white - and the best thing that can happen to you is to be part of a loving family.

- Chris Hart

source: Source: blog.roundabouttheatre.org

topic: Fun, Struggle, Character, Accentuate, Black Or White

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.

- Mark Zandi

topic: Country, Zero, Vegas, Ground Zero, Great Recession

I think it's been unfortunate, but it's happened, that since the Great Recession, the gains have all gone to the top. And we need to reverse that.

- Hillary Clinton

source: "Transcript of the Second Debate". www.nytimes.com. October 10, 2016.

topic: Thinking, Needs, Gone, Great Recession

The plain fact is that recent college grads aren’t in massive pain. They suffered during the Great Recession like everyone else, but all told, they probably suffered a little less than most other groups.

- Kevin Drum

source: "In Which I Respond to My Critics About the Bernie Revolution" by Kevin Drum, www.motherjones.com. April 30, 2016.

topic: Pain, College, Groups, Recessions, Great Recession

There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.

- Philip Kotler

source: Source: bobmorris.biz

topic: Government, People, Growth, Borrowed Money, Great Recession

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.

- Mark Cuban

source: "Get rich, pay taxes: it's a patriotic duty" by Mark Cuban, www.theguardian.com. September 22, 2011.

topic: Patriotic, People, Trying, Distasteful, Great Recession

At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

- Mark Zandi

source: Source: www.washingtonpost.com

topic: Technology, Thinking, Imbalance, Great Recession

Most of the gains in the last years since the Great Recession have gone to the very top. So we are going to have the wealthy pay their fair share. We're going to have corporations make a contribution greater than they are now to America.

- Hillary Clinton

source: Transcript of the Third Presidential Debate, www.nytimes.com. October 20, 2016.

topic: America, Years, Lasts, Great Recession

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.

- Mark Zandi

topic: Strong, Government, Play, Government Intervention, Great Recession

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.

- Mark Zandi

topic: Fate, Reality, Government, Government Intervention, Great Recession

Before Barack Obama took office, it looked like that pride could have vanished forever, but today, from the staggering depths of the Great Recession, the nation has had 29 straight months of job growth. Workers across my state and across the country are getting back the dignity of a good job and a good salary.

- Ted Strickland

source: "Ted Strickland Speech Text: Read The Former Governor’s DNC Remarks". www.huffingtonpost.com. September 04, 2012.

topic: Country, Jobs, Pride, Job Growth, Great Recession

The American people understand that it is grotesquely unfair - we are a society that prides itself on fairness, that prides itself on equal opportunity, and people are looking out and seeing, since the Great Recession of 2008, 99 percent of all new income going to the top 1 percent.

- Bernie Sanders

topic: Pride, Opportunity, People, Recessions, Great Recession

I don't think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies over all.

- Robert Reich

topic: Jobs, Thinking, Population, Monetary Policy, Recessions

However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.

- Daniel Kahneman

topic: Powerful, Organization, Optimism, Great Recession, Financial Crisis

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

topic: Believe, Administration, Aggravated, Great Recession, Shambles

If the question is, how do we best produce business people who can succeed in the post-Great Recession era, then I think the MBA programs and their connection to large companies remains intact but it's not the path to a "Business Brilliant" life. It's a path to a middle-class existence marked by large stretches of security and comfort with occasional eruptions that you're probably ill-prepared to handle. Do I sound too cynical?

- Lewis Schiff

topic: Thinking, Mba, Class, Eruption, Large Companies

Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.

- Hillary Clinton

source: Source: time.com

topic: Wall, Eye, Eight, Perfect Storm, Great Recession