Austan Goolsbee 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.

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.'

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

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

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.

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%.

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

When I was in Philadelphia during the Depression in 1930 or '31, I got a very sad job as a night watchman in a garage. The cars in the garage had been abandoned by their owners, since they had lost their jobs and couldn't keep up the payments.

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.

How much would you pay to avoid a second Depression?

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

An entire nation, it seemed, was standing in one long breadline, desperate for even the barest essentials. It was a crisis of monumental proportions. It was known as the Great Depression.

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.

In 2010 there were a lot of folks who were still out of work. There were a lot of folks who had lost their homes or saw their home values plummet, their 401k's plummet.

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.

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

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

When I was born, the economy wasn't in a great state; it was the Depression, and my father had to be quick to try and find work.

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

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

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

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.

Russia has gone through eight years of continuing economic pain.