quote by Harry S. Truman

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

— Harry S. Truman

Special Economic Recession quotations

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.


Economic recession quote We're all consumers. The consumer is not a moron; she is your wife.
We're all consumers. The consumer is not a moron; she is your wife.

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.

Economic recession quote Price is what you pay. Value is what you get.
Price is what you pay. Value is what you get.
Meaningful Economic recession quotes
Visualise all those meaningful economic recession quotes

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

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

In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.


Economic recession quote Wealth breeds a class of people for whom human beings are disposable commodities
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.

Folks in the bottom half of the economy are already squeezed hard.

They will be bloodied and bankrupt if economic policy inadvertently induces a recession.

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.

I think the economic empowerment of women that has been growing over the past decade is at the 'inflection point' with this global recession. Women are, we believe, the solution for their families in their ability to go out and increase household income.

Because the world is in economic recession, which worsened since this drama happened, and our country will bear the burden of all of these consequences.

History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.


We face a far greater risk of psychological depression than of economic recession.

At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent.

At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.


The economic recession in America wasn't caused by bad luck;

it was caused by bad Republican policies. But the Republican candidates are doubling down on the same flawed policies that led to the loss of 3.6 million jobs in the final months of 2008 and gravely affected middle class families across America.

The attacks on the World Trade Center and the current economic recession, which is particularly powerful in New York City, have put a number of building plans on hold for the time being.

Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.

I was a child of the '60s basically, which is a real blank.

I really started growing up, I think, in the '70s. I'm a glam-rock kid. But Dublin, Ireland in those days was a very dark place, as in it was a very poor, almost third world. Economically, the whole world is going through a recession at the moment. In the '60s, '70s, and the '80s in Ireland was a real recession. It wasn't a pleasant place.

Ladies and gentlemen, the Reagan tax cuts turned the deepest recession since the Great Depression into the largest 20-year economic boom in American history. The Reagan tax cuts of 1981 and '86. And the same thing can happen here again. Democrats just cannot let it.


The Democrats loved Jimmy Carter, even though - and, by the way, take a look at some economic circumstances. In 1980, the economy of this country was in the tank after four years of Jimmy Carter. I mean, it was desperately bad. Unemployment was sky-high. Carter had seen us through a couple of near-depression recessions, all of this coming out of Watergate, which happened in 1972.

I believe capitalism is dying a slow death right now, as you can see with the recession and with the credit crunch and with social and economic dismay the world as whole and the pandemic of promiscuity, drugs, alcohol and all the other diseases. That's the worst and I believe it's time for a change.

Private prison companies are now listed on the New York Stock exchange and are doing quite well in a time of economic recession (and depression in some communities). But that's just the tip of the iceberg.

In an economic recession, naturally, when you ask people to list their priorities, they're going to place a higher priority on the immediate economic situation.

The United State has a net worth against which our debt is a joke .

.. we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.


A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life.

Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.

I feel like I've gone through stages with the industry;

when I first started showing it was during the time of the recession, the economical situation meant fashion was suffering. But now the fashion business is back and booming, and I think it just encourages me to constantly set myself bigger and bigger challenges and reach new goals.

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.

It's not just about the current economic environment.

History shows that slashing budgets always leads to 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.

When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class.

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.

So, in Europe, they're cutting people's retirement and health benefits.

And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.