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This recession is the deepest in our lifetimes,
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

So more than 8 million people lost their jobs.
It's going to take a significant push on our part and
time before that comes down.
I don't anticipate it coming down rapidly.
- Austan Goolsbee

I don't believe, the president doesn't believe,
that the high income tax cuts work, period.
I don't think the evidence supports that.
- Austan Goolsbee

For policy makers interested in using tax policy to
stimulate investments or especially to smooth business cycle fluctuations,
the results are not promising.
- Austan Goolsbee

 

It's clear that the medium and long-run fiscal challenges
facing the country have to do with the rise of entitlement spending,
they have to do with the longer run imbalances that
we've created in the structure of the system.
- Austan Goolsbee

I believe - I'm not a political expert,
but I believe there is a broad consensus,
a middle ground if you will, that Democrats and Republicans,
business people and workers can agree on,
to get this - the economy growing faster,
getting people back to work.
- Austan Goolsbee

Cutting taxes for very high income people an average
of more than $100,000 a year for people that make more
than a million dollars a year is not an effective way
to get the economy going.
- Austan Goolsbee

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If you had asked people in 1929, 'Here is what is about to happen.
How much would you pay to avoid the Great Depression
from occurring?' The answer is they would have paid a lot.
They would have borrowed money if it could be used
to prevent the Great Depression.
- Austan Goolsbee

If a lobbyist sets up shop, or a lawyer,
in which they're receiving income through what is something
like a tax loophole so that it's not counting as corporate income,
that is what this is counting as a small business.
- Austan Goolsbee

I am a data hound and so I usually end up working on
whatever things I can find good data on.
The rise of Internet commerce completely altered the
amount of information you could gather on company behavior
so I naturally drifted toward it.
- Austan Goolsbee

We enter the government essentially in a hotel that is on fire.
We're throwing people from the windows into the pool
to save their lives and this is the evaluation of the
Olympic diving committee:
Well,
the splash was too big.
- Austan Goolsbee

Recession is when a neighbor loses his job.
Depression is when you lose yours.
- Ronald Reagan

It's a recession when your neighbor loses his job:
it's a depression when you lose yours.
- Harry S. Truman

As sure as the spring will follow the winter,
prosperity and economic growth will follow recession.
- Bo Bennett

You cannot spend your way out of recession or borrow your way out of debt.
- Daniel Hannan

Because the world is in economic recession,
which worsened since this drama happened,
and our country will bear the burden of all of these consequences.
- Omar Bongo

Folks in the bottom half of the economy are already squeezed hard.
They will be bloodied and bankrupt if economic policy
inadvertently induces a recession.
- William Greider

I am not for raising taxes in a recession,
especially when it comes to job creators that we need
so desperately to start creating jobs again.
- Eric Cantor

I thought I would set the world on fire when I got out of college.
I had done quite well in a field that was growing.
Unfortunately, we got hit with a recession in 1981.
- R. A. Salvatore

There are always, of course, job losses of a cyclical nature in a recession.
- Tim Bishop

We've been in a war and a recession.
That's why acccent colors with yellow and purple are popular.
They're optimistic and flirty and happy colors.
- David Bromstad

This crisis is not simply a more severe version of
the usual business cycle recession,
the typical downturn in which economies ultimately adjust and stabilize.
- Timothy Geithner

I think that in the near term the only threat to demand
is some form of recession here in the United States.
- Andrew Gould

Everyone drinks more during a recession;
they want to forget.
- Christian Audigier

The existence of an area of free land,
its continuous recession, and the advance of American settlement,
explain American development.
- Frederick Jackson Turner

There will always be a business cycle,
and white-collar workers will get hit in the next recession
like they always do in recessions.
- Robert Reich

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

Americans don't think we should be raising taxes on anybody,
especially in the middle of a recession.
- Mitch McConnell

In the middle of a recession no tax increase is justified because it kills jobs,
and any tax increase is a job-killing measure and should be defeated.
- Newt Gingrich

Around '75 when the recession hit, club owners started
going to disco because it was cheaper for them to just
buy a sound system than it was to hire a band.
- Tommy Shaw

We're still in a recession.
We're not gonna be out of it for a while,
but we will get out.
- Warren Buffett

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

We are in the middle of an education recession.
- Rod Paige

And so Fannie Mae produces very strong results for investors in -
when interest rates are high and when interest rates are low,
in recession and during booms.
- Franklin Raines

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

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

When we were at peace, Democrats wanted to raise taxes.
Now there's a war, so Democrats want to raise taxes.
When there was a surplus, Democrats wanted to raise taxes.
Now that there is a mild recession, Democrats want to raise taxes.
- Ann Coulter

Bernanke and company are trying to reflate the economy
with almost stated objective of inflation at 2 percent
and higher in order to provide some type of safety
margin for a future recession.
That's where they want to go.
- Bill Gross

The other thing is quality of life; if you have a place
where you can go and have a picnic with your family,
it doesn't matter if it's a recession or not,
you can include that in your quality of life.
- Jim Fowler

Investing in auto companies and ensuring a financial
collapse didn't lead not from a recession to a great
depression may not have been the most popular thing to do,
but it was the right thing to do.
- Robert Gibbs

The tax relief package enacted in 2001 was central
to pulling the economy out of the post 9-11 recession.
It's the reason we've got low unemployment and have
created more than two million jobs in the last year.
- J. D. Hayworth

So, for example, a country was into recession right after I was sworn in,
a dot-com bust had taken place.
Then the attacks of September the 11th,
and then of course the great financial meltdown in
the -the fundamental question facing any presidency
is how do you deal with the hand you're dealt?
- George W. Bush

No I don't think it was a myth at all,
anymore than what the recession that the whole country
was experiencing was a myth,
which obviously seems like it's going to get worse and worse.
- Lester Bangs

The attacks on the World Trade Center and the current economic recession,
which is particularly powerful in New York City,
have put a number of building plans on hold for the time being.
- David Rockefeller

The people that make this country work,
the people who pay on their mortgages,
the people getting up and going to work,
striving in this recession to not participate in it,
they're not the enemy.
They're the people that hire you.
They're the people that are going to give you a job.
- Rush Limbaugh

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

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

I personally believe that there's going to be a good
case for the government preserving some type of guarantee
to make sure that people have the ability to borrow
to finance a house even in a very damaging recession.
I think there's going to be a good case for that.
- Timothy Geithner

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

If we did go into a recession, something that's always possible for the U.S.
or Europe, we could lower interest rates and expand
the money supply without worrying about the price of gold.
- Jeffrey Sachs

Our deepest fear is not that we are inadequate.
Our deepest fear is that we are powerful beyond measure.
It is our Light, not our Darkness, that most frightens us.
- Marianne Williamson

Our deepest fear is not that we are inadequate.
Our deepest fear is that we are powerful beyond measure.
- Marianne Williamson

Only those who have learned the power
of sincere and selfless contribution
experience life's deepest joy: true fulfillment.
- Tony Robbins

Our deepest fears are like dragons
guarding our deepest treasure.
- Rainer Maria Rilke

Our deepest fear is not that we are inadequate.
Our deepest fear is that we are powerful beyond measure.
It is our light, not our darkness that most frightens us.
We ask ourselves,
Who am I to be brilliant, gorgeous, talented, fabulous?
Actually, who are you not to be? You are a child of God.
Your playing small does not serve the world.
There is nothing enlightened about shrinking
so that other people won't feel insecure around you.
We are all meant to shine, as children do.
We were born to make manifest the glory of God that is within us.
It is not just in some of us; it is in everyone.
And as we let our own light shine,
we unconsciously give other people permission to do the same.
As we are liberated from our own fear,
our presence automatically liberates others.
- Marianne Williamson

A "No" uttered from deepest conviction
is better and greater than a "Yes" merely uttered to please,
or what is worse, to avoid trouble.
- Mohandas (Mahatma) Gandhi

It is important to do what you don't know how to do.
It is important to see your skills as keeping you
from learning what is deepest and most mysterious.
If you know how to focus, unfocus.
If your tendency is to make sense out of chaos, start chaos.
- Carlos Castaneda

Sometimes our light goes out but
is blown into flame by another human being.
Each of us owes deepest thanks
to those who have rekindled this light.
- Albert Schweitzer

True Love burns the brightest,
But the brightest flames leave the deepest scars.
- Anonymous

From the deepest desires often come the deadliest hate.
- Socrates

There is no such thing as chance; and what seem to
us merest accident springs from the deepest source of destiny.
- Friedrich Schiller

All that writers can do is keep trying to say what
is deepest in their hearts.
- Lloyd Alexander

The deepest principle in human nature is the craving to be appreciated.
- William James

In my deepest troubles, I frequently would wrench myself
from the persons around me and retire to some secluded
part of our noble forests.
- John James Audubon

The deepest experience of the creator is feminine,
for it is experience of receiving and bearing.
- Rainer Maria Rilke

We must make the choices that enable us to fulfill
the deepest capacities of our real selves.
- Thomas Merton

If we openly declare what is wrong with us,
what is our deepest need, then perhaps the death and
despair will by degrees disappear.
- J. B. Priestley

I am trying to make art that relates to the deepest
and most mythic concerns of human kind and I believe that,
at this moment of history, feminism is humanism.
- Judy Chicago

I think the deepest problem is between my parents and me.
I just don't know if it will ever be the same.
- LaToya Jackson

Sometimes attaining the deepest familiarity with a
question is our best substitute for actually having the answer.
- Brian Greene

A man reserves his true and deepest love not for the
species of woman in whose company he finds himself
electrified and enkindled,
but for that one in whose company he may feel tenderly drowsy.
- George Jean Nathan


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