Barack Obama Quotes About Great Depression

• I promised to bring change to Washington. The underlying reason for the economic mess we're in has been building for years. It's a fundamental imbalance in which the top 1 percent now gets almost a quarter of all national income. We haven't seen income and wealth this concentrated since the late nineteen twenties, and we all know what happened then - the Great Depression. We'll never really get out of the gravitational pull of the Great Recession until we fix this basic problem.

  Barack Obama

  Great Depression, Problem, Wealth

• I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.

  Barack Obama

  Money, Thinking, Needs

  "Obama plans ambitious first week, aides say" by Ed Henry, www.cnn.com. January 19, 2009.

• This kind of inequality - a level that we haven’t seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling...it drags down the entire economy from top to bottom. America was built on the idea of broad-based prosperity... That’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars he made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.

  Barack Obama

  Running, Country, Hurt

  Barack Obama's Remarks on the Economy in Osawatomie, Kansas, obamawhitehouse.archives.gov. December 6, 2011.

• Did I recognize that there was anger or frustration in the American population? Of course I did. First of all, we had to fight back from the worst recession since the Great Depression, and I can guarantee you if your housing values have crashed and you've lost most of your pension and you've lost your job, you're going to be pretty angry.

  Barack Obama

  Jobs, Fighting, Frustration

  Remarks by President Obama and Prime Minister Alexis Tsipras of Greece in Joint Press Conference, obamawhitehouse.archives.gov. November 15, 2016.

• Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.

  Barack Obama

  Jobs, War, Home

  Source: www.cbsnews.com

• I know many of you are hurting and angry about the economy, and I don't blame you. It's the worst economy since the Great Depression. When consumers can't buy and businesses won't expand for lack of customers, the government has to be the purchaser and employer of last resort. We learned that in the Great Depression, but Republicans obviously didn't - and they've blocked every jobs program I've offered.

  Barack Obama

  Hurt, Blame, Great Depression

• The Recovery Act, which helped saved the economy and prevented us going into the Great Depression, was the largest investment in green technology, the largest investment in education. We rebuilt roads and bridges.

  Barack Obama

  Recovery, Technology, Bridges

  Source: www.huffingtonpost.com

• The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.

  Barack Obama

  Party, Hands, Decision

  Barack Obama's Speech on Job Creation and Economic Growth, obamawhitehouse.archives.gov. December 8, 2009.

• If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.

  Barack Obama

  Years, Office, Three

  Source: abcnews.go.com

• First and foremost, it's important to remember that, from my perspective at least, my most important legacy was making sure that the world didn't go into a Great Depression.

  Barack Obama

  Perspective, Important, Legacy

  Source: www.spiegel.de

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