Recession Recovery Quotes

We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.

Like other presidents before him, Barack Obama inherited a recession. But unlike them, he has made it worse, not better.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

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?"

For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That's not in the cards.

Americans know that we cannot tax and spend our way out of a recession, yet Democrats can't grasp this simple fact.

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession.

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

The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.

Utah is one of the nation's leaders in rebounding from the Great Recession.

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.

I think the average American recognizes that it took years to create the crisis that erupted in 2008 and peaked in January of 2009. And it's going to take some time to work through it.

There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time.

If anyone will study the causes of retarded recuperation in Europe, he will find much of it due to stifling of private initiative on one hand, and overloading of the government with business on the other.

Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

In my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon.

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

In America, we don't have a growing economy. We don't have jobs being created at a replacement level for those we had lost. We don't have anything Obama said. He lied about the cost of premiums coming down.

The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods.

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.

The great thing is, Internet allows you to create your own job, not just look for jobs other people are going to give you. And that, combined with the American spirit, I think, is going to help us come out of the recession faster than other countries. And I think it's going to help Africa come out of, you know, a century of slump.

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.

The 'cash for clunkers' program was a big success in part because it gave people the sense that the economy was moving.