#recession

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

Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work. ↗

— Marsha Blackburn

#dig #get #going #helped #obvious

I've been a radio and television news person since I was 19 years old. I'm 57 years old now. But the advantage is that I have studied, investigated, and reported over those years on nearly every major story from wars and recessions to grass roots local issues. ↗

— George Noory

#been #every #grass #grass roots #i

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession. ↗

— Doug Ose

#clearly #could #drag #economy #effect

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

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

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

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. ↗

— Warren Buffett

#century #conflicts #depression #disgraced #dozen

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