Recession Quotes - page 3
Once we have funded our national security and our homeland security, the final great priority of my budget is economic security for the American people. To achieve these great national objectives - to win the war, protect the homeland, and revitalize our economy - our budget will run a deficit that will be small and short-term, so long as Congress restrains spending and acts in a fiscally responsible manner. We have clear priorities and we must act at home with the same purpose and resolve we have shown overseas: We'll prevail in the war, and we will defeat this recession.
George W. Bush
Human beings free of debt, insecurity, and fear become much more amiable. With no one out to sell anyone anything or to deprive another of possessions or money, the basis for unhealthy human aggression is outgrown. People no longer are burdened by the nagging concerns that consume so much attention such as mortgages, health care costs, education fees, fire insurance, economic recession or depression, the loss of jobs, and taxes. With the elimination of these burdens and the removal of the conditions that create feelings of envy, greed, and competition, people's lives would be far more meaningful.
Jacque Fresco
I felt I wanted to talk about the Fed's mission, and I wanted to do so in understandable terms, and to emphasize that unemployment is part of our mission. The recession has taken a particularly heavy toll on those who have less education and income-middle-income and low-income families-and the Fed's concern with the job market is a theme I've wanted to get across. Why are we doing all these things that are in the newspapers all the time? I was trying to explain that we're doing this to help American families who are struggling in the aftermath of the Great Recession.
Janet Yellen
It is my firm belief that the only satisfactory test of economics is the ability to predict, and in crucial predictive situations such as reconversion after World War II, the settlement of the Korean War, the settlement of the Vietnam War, the abrupt economic policy switch of the Nixon Administration in August 1972, the oil shock of 1973 (forecast of a world-wide succession by LINK), the recession of 1990. In these crucial periods, econometric models outperformed other approaches, yet there is considerable room for improvement, and that is precisely what is being examined in development of high-frequency models that aim to forecast the economy, every week, every fortnight, or every month, depending on the degree of fineness of the information flow.
Lawrence Klein
I think the Kennedy-Johnson tax cut was a marvelous success in 1964. It was too bad it was not implemented a little sooner, and Kennedy died, of course. After that, Johnson dallied for a while about raising taxes to pay for the war in Vietnam. The stimulus did not get reversed until the tax increase and expenditure cap of 1969, and that had a quick effect once it was enacted. As you know, we had a recession in 1969–1970.
Lawrence Klein
The trend of employment is towards a high level, and a recurrence of chronic mass unemployment is most unlikely. The Keynesian techniques are now well understood, and there is no reason to fear a repetition of the New Deal experience of a government with the will to spend its way out of a recession, but frustrated in doing so by faulty knowledge. The political pressure for full employment is stronger than ever before; the experience of the inter-war years bit so deeply into the political psychology of the nation that full employment, if threatened, would always constitute the dominant issue at any election, and no right-wing party could now survive a year in office if it permitted the figures of unemployment which were previously quite normal.
Anthony Crosland
Faced with the difficulties of unilateral reflation, some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world.
Denis Healey
. . . and Dr. Isaiah Williams, whose body was recovered from a ravine near San Pablo. Inquiries are being hampered by what an Army spokesman termed the obstinate attitude of the local people. "They won't admit they know their left hands from their right,” he asserted. Here at home Senator Richard Howell (Rep., Col.) today launched a fierce attack on the quote chlorophyll addicts unquote who, he claims, are hamstringing American business, already staggering under the load of high unemployment and recession, by insisting that our manufacturers comply with regulations ignored by foreign competition. In Southern Italy rioting continues in many small towns formerly dependent on fishing. Meantime, dust storms in the Camargue . . .
John Brunner
"We must have a distinct vision of what employment and unemployment are. A person who is training or educating themselves is working for their country. That is what we have discovered in this recession, that training, education and innovation are fundamental.", Oslo Forum, September 2010.
José Luis Rodríguez Zapatero
Donald Trump is a phony, a fraud. His promises are as worthless as a degree from Trump University. He's playing the American public for suckers: He gets a free ride to the White House and all we get is a lousy hat. His domestic policies would lead to recession. His foreign policies would make America and the world less safe. He has neither the temperament nor the judgment to be president. And his personal qualities would mean that America would cease to be a shining city on a hill.
Mitt Romney
Barack Obama has failed America. When he took office, the economy was in recession. He made it worse. And he made it last longer. Three years later, over 16 million Americans are out of work or have just quit looking. Millions more are underemployed. Three years later, unemployment is still above 8%, a figure he said his stimulus would keep from happening. Three years later, foreclosures are still at record levels. Three years later the prices of homes continue to fall. Three years later, our national debt has grown nearly as large as our entire economy. Families are buried under higher prices for food and higher prices for gasoline. It breaks my heart to see what's happening in this country. These failing hopes make up President Obama's own misery index. It's never been higher.
Mitt Romney
