#recession

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

When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes. ↗

— Ann Coulter

#mild #now #peace #raise #recession

We have not recovered all that we lost in the Bush recession. That's why we need to continue to move forward. ↗

— Martin O'Malley

#continue #forward #lost #move #move forward

I don't think the Palestinian people or Afghan children or some other things I'm concerned about are at the top of other people's agendas - not right now, when America is going through such a recession and people are suffering across the board financially. But I think all that will change. ↗

— Patti Smith

#across #afghan #agendas #america #board

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy—not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. ↗

— Eric J. Hobsbawm

#britain #climate-change #economics #environmentalism #free-market

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster. ↗

— Joe Biden

#disaster #economy #idea #just #middle

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. ↗

— Omar Bongo

#because #burden #consequences #country #drama

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? ↗

— George W. Bush

#any #attacks #bust #country #course

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

Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession. ↗

— Fareed Zakaria

#barrel #could #easily #global #hearts