Conor Lamb Quotes

Every month that we do not have an economic recovery package 500 million Americans lose their jobs.

I think that this is the most significant financial crisis in the post-War period for the United States, and it has in fact a global reach.... I think it is extraordinarily important to understand that, as we have seen in many previous examples of different countries and different times, choking up of credit is like taking the lifeblood away from the economy.

A national government has to be able to spend money in a recession to make up for the private money that is not being spent.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

The economic meltdown that would define every aspect of Obama's economy came to a head well before he became president, of course, and so did the legislation that would be the basis for everything that came after.

You have to take it seriously that the economy is in crisis.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

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.

We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's, or Abraham Lincoln's?

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

I think if there's a great depression there might be some hope.

The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.

So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt?

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

This economy is on life support.

Wall Street excesses helped lead to the Great Recession.

The worst thing that we could do is raises taxes. It would only hurt the economy.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

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

It took capitalism half a century to come back from the Great Depression.

The reality for us in America is that we will never get out of debt with more than 15 million people out of work.

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.

We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

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