Recession Quotes - page 8
You cannot spend your way out of a recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we are well placed to weather the storm, I have to tell you, you sound like a Brezhnev era apparatchik giving the party line. You know, and we know, and you know that we know that it's nonsense. Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so. The European Commission has said so. The markets have said so, which is why our currency has devalued by thirty percent. And soon, the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued Government.
Daniel Hannan
For some, the benign inflation outcome of 1996 might be considered surprising, as resource utilization rates--particularly of labor--were in the neighborhood of those that historically have been associated with building inflation pressures. To be sure, an acceleration in nominal labor compensation, especially its wage component, became evident over the past year. But the rate of pay increase still was markedly less than historical relationships with labor market conditions would have predicted. Atypical restraint on compensation increases has been evident for a few years now and appears to be mainly the consequence of greater worker insecurity. In 1991, at the bottom of the recession, a survey of workers at large firms by International Survey Research Corporation indicated that 25 percent feared being laid off. In 1996, despite the sharply lower unemployment rate and the tighter labor market, the same survey organization found that 46 percent were fearful of a job layoff.
Alan Greenspan
There is certainly a very large decision to be made by humanity when we are faced with it, and there are many reactionary forces in the world resistant to change. War and the production of armaments is a very lucrative business for some people who will resist change to the last. The present world economic collapse (presented as a 'downturn' or 'recession') is in fact the signs of the end of the old order, and is already bringing about a change in attitude among many people, young and old. When these same people hear Maitreya speak of the need to simplify and share resources to attain peace through justice, they will respond willingly to His call. His teaching and advocacy will inspire a huge response of desire for sharing, justice and thus peace. It is up to ourselves, we have to want peace enough to relinquish the past and work for the one humanity. I am sure we shall do so.
Benjamin Creme
Under the Trump administration, aggressive rhetoric against the Venezuelan government has ratcheted up to a more extreme and threatening level, with Trump administration officials talking of "military action” and condemning Venezuela, along with Cuba and Nicaragua, as part of a "troika of tyranny.” Problems resulting from Venezuelan government policy have been worsened by US economic sanctions, illegal under the Organization of American States and the United Nations ― as well as US law and other international treaties and conventions. These sanctions have cut off the means by which the Venezuelan government could escape from its economic recession, while causing a dramatic falloff in oil production and worsening the economic crisis, and causing many people to die because they can't get access to life-saving medicines. Meanwhile, the US and other governments continue to blame the Venezuelan government ― solely ― for the economic damage, even that caused by the US sanctions.
Noam Chomsky
