A Quote by Austan Goolsbee

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

Austan Goolsbee

Quote Topics

Bigger Combined Deepest Lifetimes Only Our Out People Recession Since Take Than Those Thrown Work

Quote Author

Austan Goolsbee
American - Public Servant
Born: August 18, 1969

At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

Mark Zandi

A Recession is predominantly for the middle class. Where I come from the majority of people have always lived in a recession.

Curtis Jackson

A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.

Curtis Jackson

I think Welfare Reform did more harm than good, but one piece of good it did was it changed the attitudes of Americans. If we look at voter surveys even before the recession, the idea that people are poor because they're lazy was much stronger in the early '90s than it was even before the recession. Now with the recession, everybody knows somebody who is poor through no fault of their own. So voter attitudes are more favorable than they've been since the '60s.

David Beckmann

We got into a recession because the global economy went into the recession and we're a big exporting nation.

Stephen Harper

In terms of the economy, look, I inherited a recession, I am ending on a recession.

George W. Bush

When you're in the depths of a recession, that isn't the time when people want to challenge the system, they're too busy trying to survive. It's when they're told we're coming out of a recession, growth is returning, and they're not seeing the benefits of it, or they're not seeing them quick enough.

John McDonnell

"The ultimate recession": a recession caused not by failed regulation and bankers' greed, but by very high oil prices, food and water shortages, disappearing forests, accelerating climate change, forced migration and mass civil disruption...The long and the short of it, unfortunately, is this: more politicians still believe that economic recovery depends on continuing to live beyond our means (financially and ecologically) than on learning to live within our means. And that's why the ultimate "Perfect Storm" recession still looms on the horizon

Jonathon Porritt

A normal recession disrupts people's lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.

Matthew Yglesias

It wasn't necessary to speak on the recession, you know what I mean, but I just though it made a lot of sense. I was like, "okay, cool," I'm going to go with this approach for the name of the album [ The Recession].

Young Jeezy

In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.

Giovanni Agnelli

I said we are in a mental recession. We keep getting the steady drumbeat of bad news... it's become a mental recession. We don't have measured negative growth. That's a fact, that's not a commentary.

Phil Gramm

There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.

Philip Kotler

What happened is we went into a recession beginning in December of 2007 that was the worst since 1929. And it is a very deep hole that we have been struggling to get out of.

Austan Goolsbee

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

Stephen Harper

The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.