John Delaney Quotes

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

What we know about the global financial crisis is that we don't know very much.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

How much would you pay to avoid a second Depression?

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

Worrying about inflation now is like worrying about the measles when you might get the plague.

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.

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?

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

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.

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?

This economy is on life support.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

We don't sit down and go, 'People are uneasy about the economy. Let's write about that.'

I think the average American recognizes that it took years to create the crisis that erupted in 2008 and peaked in January of 2009. And it's going to take some time to work through it.

… a depression is for capitalism like a good, cold douche.

There may be a recession in stock prices, but not anything in the nature of a crash..

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.

As homeowners see the value of their homes decline, they become more likely to delay purchases of the big items - like automobiles, electronics and home appliances - that are ballasts of the American economy. When those purchases decline, large manufacturing firms, suddenly short on funds, could begin laying off employees.