Giorgio Napolitano Quotes

Oh, sure, we have another world war coming, and another great depression, but where are the leaders this time?

Because the world is in economic recession, which worsened since this drama happened, and our country will bear the burden of all of these consequences.

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.

It's been a tough 2020, honestly, for me personally, for a lot of people in the world in general.

The Coronavirus crisis is causing fear, anxiety and financial hardship for families across our community, our state and our nation.

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.

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?

Even institutions of State, such as the judiciary, were seriously weakened, to the extent that the citizenry justifiably feared a breakdown in law and order. The business community was hit by a slump in sales and confidence, leading to reduced earnings and loss of jobs.

Historical experience shows that a crisis causes either a recovery or catastrophic consequences.

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

Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves.

2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.

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 year of my birth, 1940, was the fulcrum of America in the twentieth century, when the nation was balanced precariously between the darkness of the Great Depression on one side and the storms of war in Europe and the Pacific on the other.

The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background... For my money, few periods are so replete with human interest.

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

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

These are challenging times for all Americans. We face the specter of war abroad and a steady stream of bad economic news at home.

Russia has gone through eight years of continuing economic pain.

I was born in 1928 and by 1931 the Depression was beginning to mount.

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

President Barack Obama has stood watch over the greatest job loss in modern American history. And that, my friends, is one inconvenient truth that will haunt this President throughout history.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

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