Barack Obama Quotes

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

My father's money vanished in the Great Depression, and he had trouble keeping a job.

American Dream Is Under Assault. People that haven't been able to find a job in months and this growing sense in this country that this is the new normal, well we can't accept that.

I was 21 and looking for work in 1932, one of the worst years of the Great Depression. And I can remember one bleak night in the thirties when my father learned on Christmas Eve that he'd lost his job. To be young in my generation was to feel that your future had been mortgaged out from under you, and that's a tragic mistake we must never allow our leaders to make again.

You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.'

Most people are motivated by the economy. And if you've lost your job, lost your mortgage, lost your 401(k), you're angry. And if your brother-in-law has lost one of those you're angry still. And when you're angry you take it out on people who are in office. Which is natural.

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

The 24% unemployment reached at the depths of the Great Depression was no picnic.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.

People without jobs cannot be expected to behave in a lawful, measured way.

It was the unemployment that was the hardest to bear. The jobless millions were like an embolism in the nation's vital circulation; and while their indisputable existence argued more forcibly than any text that something was wrong with the system, the economists wrung their hands and racked their brains and called upon the spirit of Adam Smith, but could offer neither diagnosis or remedy.

Job loss is coming like a tsunami.

They were the darkest of times, the years following the crash of the stock market in 1929. Thousands of people across the United States were cast out of their Jobs, off their farms, out of their homes and apartments, and into the crushing depths of poverty.

A serious dose of unemployment and a spate of bank failures can make the unelectable electable quite quickly.

All of this talk of recession offends me. I am delighted that bankers have less money.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.

When more and more people are thrown out of work, unemployment results.

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

When people have lost their jobs or are afraid of losing their jobs in the future, they lash out. They want others to know about their fears, their pain.

When I graduated from high school, it was during the Depression and we had no money.

I didn't feel the Depression at all. I always had a pocketful of money.

We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.