Recessions Quotes - Page 8

• The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods.

  Stephen Harper

  Positive, Jobs, Recovery

  "Postmedia News" Interview, nationalpost.com. January 12, 2011.

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• Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

  Stephen Harper

  Country, Government, Promise

  "Postmedia News" Interview, nationalpost.com. January 12, 2011.

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

  Daniel Hannan

  Economic Recession, Debt, Politics

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

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• To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.

  Paul Samuelson

  Wall, Mistake, Movement

  1966 Quoted inThe Samuelson Sampler (1973).

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• 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

  Character, Greed, Expansion

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• The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.

  Charles Koch

  Fall, Together, Cost

  Source: www.washingtonpost.com

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• I think the good part of the crisis is that finally, everybody is going to have to come to the table. That means the mayor's office, the board (of supervisors), the labor council, the chamber, small business. You end a recession healthier than you were when you went into it.

  Warren Hellman

  Mean, Thinking, Office

  Source: www.sfgate.com

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• We're in a classic demand-shortfall recession. There aren't enough jobs because total spending is too low. Consumers won't lead the way because they're busy paying down debt and are fearful they'll lose their jobs, if they haven't already. Businesses, which are currently sitting on mountains of cash, won't spend either, because they already have sufficient capacity to produce more than people are willing to buy.

  Robert H. Frank

  Jobs, People, Mountain

  Source: bobmorris.biz

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• Our goal is not to douse the recession with money, which would be useless, as both you and I know. Our goal is to liberate the business initiative, to lower administrative and law enforcement pressure and to make legal protection truly effective

  Dmitry Medvedev

  Law, Goal, Would Be

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• I want people to understand that, look, we're in a period of democratic deficit, democratic recession. There are fewer democracies in the world today than in 2005, and in many of the countries that are still technically democracies, we're seeing a reduction in the rule of law. And that's especially true in Central Europe, but it's also true of places like South Africa, the Philippines.

  David Frum

  Country, Europe, Law

  Source: www.cbc.ca

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• Millionaires are just as patriotic as poor people. The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it's time we just ask.

  Joe Biden

  Patriotic, Class, People

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• Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

  Bill Gross

  Real, Vampire, Decay

  Bill Gross (2012). “Everything You've Heard About Investing Is Wrong!: How to Profit in Coming Post-Bull Markets”, p.51, Crown Business

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• Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history.

  Gordon Brown

  Years, Two, Conservative

  House of Commons debate, www.publications.parliament.uk. December 6, 2006.

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• Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

  Paul Krugman

  Real, Needs, Momentum

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• In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.

  Newt Gingrich

  Jobs, Justified, Killing

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• There is only a recession of the things that people don't want.

  Mark Victor Hansen

  People, Want

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• The recession is everywhere. We need to be heard. Wouldn't it be great if there could be more referendums so we could have regular voting on specific points?

  Joss Stone

  Voting, Needs, Referendums

  Source: www.interviewmagazine.com

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• In the wake of the Cultural Revolution and now of the recession I observe a mounting pressure to co-operate and to promote "teamwork." For its anti-individualistic streak, such a drive is of course highly suspect; some people may not be so sensitive to it, but having seen the Hitlerjugend in action suffices for the rest of your life to be very wary of "team spirit." Very.

  Edsger Dijkstra

  Teamwork, People, May

  "The strengths of the academic enterprise" by Edsger Dijkstra, www.cs.utexas.edu. February 9, 1994.

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• You can't wake up looking for the recession.

  Jenifer Lewis

  Wake Up

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• In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.

  Herbert Hoover

  War, Taken, Usual

  Herbert Hoover (1952). “The great depression, 1929-1941”

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• Recession doesn't deserve the right to exist. There are just too many things to be done in science and engineering to be bogged down by temporary economic dislocations.

  Walt Disney

  Engineering, Done, Economic

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• 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

  Years, Two, Events

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

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• Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.

  Marsha Blackburn

  Play, Republican, Back To Work

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• There are always, of course, job losses of a cyclical nature in a recession.

  Tim Bishop

  Jobs, Loss, Courses

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• It's clear that the true problems of our Nation are much deeper - deeper than gasoline lines of energy shortages, deeper even than inflation or recession. And I realize more than ever that as President I need your help. So, I decided to reach out and listen to the voices of America.

  Jimmy Carter

  Voice, America, President

  Energy and the National Goals - A Crisis of Confidence, delivered 15 July, 1979

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