#recession

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

#believe #borrow #case #damaging #even

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

#banking #because #canada #canadians #causes

Canada is in budgetary deficit now only because of the recession, only because of stimulus measures, and we will come out of it. We will go back into surplus position when the economy recovers. So there is no need in Canada to raise taxes. ↗

— Stephen Harper

#because #budgetary #canada #come #deficit

I favor the extension of the middle-class tax cuts because in a recession they're stimulative and they help with demand. ↗

— Peter Welch

#cuts #demand #extension #favor #help

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

The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole. ↗

— Barack Obama

#businesses #demand #economy #further #hole

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

#business #cycle #get #hit #like

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. ↗

— Mark Zandi

#agree #changes #cliff #current #current law

Financial crashes happen precisely because the people who remember the last one have either died or retired and thus are no longer around, with memories and character formed by that previous experience, to warn people not to be irresponsible. ↗

— N.T. Wright

#finance #memory #recession #responsibility #experience

Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his. ↗

— Ronald Reagan

#depression #recession #slogan #job