“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“The unemployment rate has effectively not gone down from where it was at the peak of the recession. The only reason it's gone technically from 10 percent to 8 percent is so many people are discouraged and have quit work.” PeopleReasonGonePercentRateQuittingUnemploymentDiscouragedRecessionsUnemployment Rate Author:Jim Talent
“The American people understand that it is grotesquely unfair - we are a society that prides itself on fairness, that prides itself on equal opportunity, and people are looking out and seeing, since the Great Recession of 2008, 99 percent of all new income going to the top 1 percent.” PeopleOpportunitySeeingPrideEqualPercentIncomeFairnessUnfairRecessionsEqual OpportunityGreat Recession Author:Bernie Sanders
“Two thirds of the work in the world is done by women. Women own 1 percent of the assets. Young women are sold into prostitution, forced labour, premature marriage, forced to have children they don't want or they can't support. They're abused, raped, beaten up. Domestic violence is supposed to be a cultural problem. They are the first victims of war, fundamentalism, conflict, recession. And young women who have access to education and health care and have resources think that everything was done, they don't have to worry.” ThinkingWorldWantFirstsChildrenTwoWarDoneProblemCareYoungWorrySupportViolenceConflictPercentResourcesThirdsVictimAccessSupposed To BeHealth CareLabourAssetsYoung WomenFundamentalismBeatenDomestic ViolenceProstitutionMen WomenRecessionsPrematureAccess To EducationVictims Of War Author:Isabel Allende
“What most Americans mean when they say "the end of the recession" is, "When will it be back to normal? When can we get jobs? When will the employment rate be back to 4 percent or 5 percent?"” MeanEndsJobsNormalPercentRateEmploymentRecessions Author:Joseph Stiglitz
“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.” StillsIdeasEconomyMiddleTaxesPercentSpendingDisasterClimbingHikingUnemploymentReducingPrescriptionsRecessionsRaising Taxes Author:Joe Biden
“In the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier.” KnowsLastsLostWealthFivePercentRecessionsDid You Know Author:Jesse Ventura