#recession

If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession. ↗

— Franklin Raines

#budget #come #cutting #deficit #effect

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

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. ↗

— Ben Bernanke

#businesses #crisis #declines #destroyed #economic

There are always, of course, job losses of a cyclical nature in a recession. ↗

— Tim Bishop

#course #cyclical #job #job losses #losses

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. ↗

— Arne Duncan

#colleges #cut #cuts #education #funding

It was a recession when I graduated, but I was so unequipped to have a job anyway, I don't think it would have mattered if the economy was booming. I think I was expecting bad jobs. But as it went on through my 20s, I began to wonder how things were going to turn out. ↗

— Jeffrey Eugenides

#bad #began #booming #economy #expecting

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board. ↗

— Warren Buffett

#almost #am #back #board #bull

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism. ↗

— Warren Buffett

#american #capacity #capitalism #factor #getting

Nobody's profitable at this moment, because recession is on; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere. ↗

— Brit Hume

#because #dollars #down #everywhere #expect

You cannot spend your way out of recession or borrow your way out of debt. ↗

— Daniel Hannan

#borrow #cannot #debt #out #recession