Recession Impact Quotes

I don't think it's the end of the world even if we have a recession. We'll pull back out of it again. No big deal.

I'm astonished at how quickly the Great Recession came and went.

With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.

I've never seen people as physically distraught as the Bush administration team was because of what was happening to the economy. I personally believe that the steps that President Obama took saved the economy. He doesn't get the credit he deserves for taking some very hard positions. But it was a terrible recession. So now we've dug ourselves out of it, we're standing, but we're not yet running.

In an economic recession, naturally, when you ask people to list their priorities, they're going to place a higher priority on the immediate economic situation.

America cannot afford a rally to restore sanity in the middle of a recession. Did you even consider how many panic-related jobs that might cost us in the fear-industrial complex?

Recession doesn't deserve the right to exist. There are just too many things to be done in science and engineering to be bogged down by temporary economic dislocations.

Department store Santas are apparently being trained to lower children's expectations about toys because of the recession. Yeah, it's weird when you ask Santa for a train set and he's like, 'Yeah, how 'bout a bus token?

In the worst of our recession, bars were making money. Every bar can make money. If they're failing, it's not because of the president or Congress or Ukraine. It's because of them. And if you own failure, then you'll own success.

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.

In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.

The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.

State governments generate less revenue in a recession. As state leaders struggle to make up for lost revenue, legislatures tend to cut funding for higher education. Colleges, in turn, answer these funding cuts with tuition hikes.

It's a different kind of economic recovery. The kind where bankers steal trillions and you don't have a job.

I think the economic empowerment of women that has been growing over the past decade is at the 'inflection point' with this global recession. Women are, we believe, the solution for their families in their ability to go out and increase household income.

The crisis was 2008, in 2015 - almost eight years later and the gap between where we would have been and where we are is huge and not closing. The implied unemployment rate is very high, labour force participation is very low, and the increase in wages in the second quarter was the lowest in 25 years. Before this turmoil, the U.S. economy was in better shape than Europe or Canada, but not strong.

Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession.

Around '75 when the recession hit, club owners started going to disco because it was cheaper for them to just buy a sound system than it was to hire a band.

A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.

An economic recession—even when it is of long duration—does not necessarily involve a decline in all trades.

The last six months of the Bush administration lost four million jobs and the first six months of the Obama administration lost another four million before any initiatives of the president could take action.

The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods.

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.

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.

I sense very little appetite for green efforts to persuade people to accept a frozen or declining standard of living for the sake of the environment. Recessions remind us that economic retreat or stagnation is painful, whatever the goal.