Harry S. Truman Quotes

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

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

A recession is when your neighbor loses his job. A depression is when you lose yours.

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.'

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.

Job loss is coming like a tsunami.

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

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

The Depression has caused an emergency more serious than war.

Unemployment is painful.

I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future

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.

When our economy is not growing, those least able to look after themselves are the first thrown overboard ...

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

Nothing would assure a recession more than a significant drop in housing prices.

A recession forces excruciatingly difficult choices.

Poverty became something one could see and experience firsthand, no matter where one was on the economic ladder; it became something you could viscerally experience through the lives of friends, family, neighbors, colleagues. I'd venture to say it's a rare person in 2013 America who knows nobody who lost a job in the recession, or knows nobody whose home went underwater or who went into foreclosure.

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.

During the next four years...unless drastic steps are taken by Congress, the U.S. will have nearly 8,000,000 unemployed and will stand on the brink of a deep depression.

The economy is in tatters; your job is in trouble - if you still have a job. And you know what? I've been saying it for years.

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

Like many places across the country, Wisconsin lost more than 100,000 jobs from 2008 to 2010. Unemployment during that time topped out at over 9%.

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