#recession

If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures. ↗

— Antonis Samaras

#austerity #become #due #goes #imposition

So when folks talk about the deficit and leaving the deficit for our children, we will never get out of debt had this country until people get back to work, until they have good-paying jobs, and in between times, we will not move this economy forward until we are helping people be able to keep going in this recession. ↗

— Debbie Stabenow

#about #back #between #children #country

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. ↗

— Mark Zandi

#agree #changes #cliff #current #current law

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told. ↗

— Ha-Joon Chang

#economy #recession #social-justice #tax-cuts #taxation

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. ↗

— Lester Bangs

#country #experiencing #get #going #i

For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures. ↗

— Evan Davis

#allowed #american #american consumers #been #china

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. ↗

— Eric Alterman

#collapse #coming #covering #economic #financial

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize. ↗

— Timothy Geithner

#business #crisis #cycle #downturn #economies

In these times of the 'Great Recession', we shouldn't be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don't. I find it patriotic. ↗

— Mark Cuban

#benefits #celebrating #curtain #distasteful #encouraging

I personally believe that there's going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there's going to be a good case for that. ↗

— Timothy Geithner

#believe #borrow #case #damaging #even