“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.” TryingShowsRealityGovernmentActionEconomyFateEconomicExampleInterventionFashionableRecessionsRailGovernment InterventionGreat Recession Author:Mark Zandi
“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.” DoneEconomicDeserveTemporaryEngineeringRecessionsDislocation Author:Walt Disney
“It's not just about the current economic environment. History shows that slashing budgets always leads to recession.” ShowsEnvironmentEconomicCurrentsBudgetsRecessions Author:Ha-Joon Chang
“History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.” ShowsLossGreaterEconomicTaxesIncreaseUnemploymentRecipesRecessionsTax Increases Author:Pete Sessions
“At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.” PeopleWantNeedsGreaterEconomicTaxesToughRaisesSafetyBillsTough TimesRecessionsSafety NetMedicaidEconomic Recession Author:James Douglas, Lord of Douglas
“The most important domestic challenge facing the U.S. at the close of the twentieth century is the re-creation of fatherhood as avital social role for men. At stake is nothing less than the success of the American experiment. For unless we reverse the trend of fatherlessness, no other set of accomplishments--not economic growth or prison construction or welfare reform or better schools--will succeed in arresting the decline of child well-being and the spread of male violence. To tolerate the trend of fatherlessness is to accept the inevitability of continued social recession.” MenWellsChildrenImportantSchoolSocialGrowthChallengesAcceptingRolesViolenceEconomicCenturyCreationSucceedPrisonMalesSpreadExperimentsReformWell BeingWelfareAccomplishmentTrendsStakesConstructionDeclineTolerateReverseFatherhoodTwentieth CenturyEconomic GrowthRecessionsInevitabilityArrestingWelfare ReformSocial RolesFatherlessness Author:David Blankenhorn
“Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.” CharacterBodyMoralEconomicGreedExcessExpansionRecessionsMoral Character Author:James Buchan
“To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.” StillsLastsMistakeStudyFiveFourEconomicStreetsMovementWallProveNineRecessionsCommentatorsOmenUnderstatementDownturn Author:Paul Samuelson
“Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.” YearsMadeProblemDreamGovernmentOrderPayEconomicBecomingOne DayApproachSolutionsIncreasePaidDemocraticEightSpendingFasterAdoptedJumpingPackagesStimulusRecessionsBettingGovernment SpendingEconomic ProblemsJumping In Author:Dick Morris
“In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.” CareTermEconomySuccessfulGrowingEconomicIndustryBurdenProofHealth CareMassiveProfitableRecessions Author:Marcia Angell
“A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life.” PeopleThinkingWantMadeFeltLevelsEconomicConversationAnxietyAreasMiracleRecoveryTensionRecessionsEconomic Recovery Author:Marianne Williamson
“The United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.” StatesUnitedUnited StatesRichEconomicTheoryJokesDebtChineseProvenFragmentsRecessionsNet WorthEconomic TheoryProven Wrong Author:George Friedman
“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.” PeopleAsksSituationEconomicHigherListsPrioritiesRecessionsEconomic Recession Author:Al Gore