Jim Cramer Quotes

When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.

The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

How much would you pay to avoid a second Depression?

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.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

It's almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.

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.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

By March '87 we're down to seven thousand, by the end of the year we're down to twelve hundred. The whole bottom just fell out of the market. It was bad for me because I was in Australia at the time.

I think the recovery hasn't been stronger because the hole that was dug for President Obama by the Bush administration was far worse than anybody could imagine, first of all.

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

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.

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

We got into a recession because the global economy went into the recession and we're a big exporting nation.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

Remember, 2000 was the year of the dot-com bust. The telecom industry lost about $2 trillion in market capital at that time.