Barack Obama Quotes

The economic times we are facing... are arguably the worst they've been in 60 years. And I think it's going to be more profound and long-lasting than people thought.

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

The economic crisis has weakened the EU for years.

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we would be in a worldwide depression.

Uncertainty is killing this economy.

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

I'd be kidding if I said that I predicted the financial collapse.

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

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

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.

When you inherit the level of economic catastrophe that President Obama inherited, it was a real touch-and-go situation.

I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.

Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.

This crisis has the potential to be a lot worse than Lehman Brothers.

The people who are filing for bankruptcy in increasing numbers every year, it's not the poorest. It's not the people at the economic fringes. It's people who worked hard and played by the rules.

Today we have the economic collapse that the whole planet is suffering, but there is hope, and that's what's going to keep us moving ahead.

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.

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

If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.

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.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

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

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.