Economic Downturn Quotes

A time-tested political tactic guaranteed to raise a president's popularity rating by at least 30 points. It is especially useful during election years and economic downturns. ~ Chaz Bufe

In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom. ~ Peter Drucker

Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind. ~ Chip Conley

Vladimir Putin shot out of obscurity in 1999 by exploiting growing nostalgia for the USSR, fueled by the disappointment, uncertainty and crisis that brought Yeltsin's reform era to a shuddering halt. Once in power the following year, Putin set about building an authoritarian regime whose control would expand for more than a decade, until soaring corruption on top of another economic downturn - a much smaller one, triggered by the global financial crisis of 2008 - prompted another backlash. ~ Gregory Feifer

There's this whole problem of trafficking, which has gotten worse in the economic downturn, which disproportionately affects young women, but also affects some young men who are sold into bondage, into basically servitude for indebted work that they can often never escape from. ~ William J. Clinton

The economic downturn is our wake-up call to slow down, consume less, help each other, & live more! ~ Phil Harding

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay. ~ Virginia Postrel

The Poverty Tour provided the opportunity to meet many people who had been living paycheck to paycheck even before the economic downturn. To so quickly slide from the great middle into the underworld of the poor validated our suspicions that perhaps these citizens never really were bona fide, middle class Americans. Indeed, some economists assert that the middle class evaporated decades ago. ~ Cornel West

You create your life, and you can recreate it, too. In times of economic downturn and uncertainty, it's more important than ever to look deep inside yourself to fathom the sort of life you really want to lead and the talents and passions that can make that possible. ~ Ken Robinson

Raising taxes in an economic downturn is not a good idea. ~ Martha McSally

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. ~ Seth Klarman

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. ~ Ron Paul

Reasons to be positive. The economic downturn could be the catalyst for positive change. It should be translated into the wake-up call we need for a major change in aspirations and lifestyles to save humanity from the ecological and economic disaster that would otherwise result from continuing on the high carbon and resource depleting path we have been pursuing ~ Phil Harding

When you're in an economic downturn, what you want is to create jobs and economic growth. And the recipe isn't Republican or Democrat. It's low taxes, low spending, less regulation, free trade. ~ Nancy Pfotenhauer

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it. ~ Jonathan Sacks

The ad industry isn't struggling for a new set of principles or abandoning the ones that made it great from the start. It's simply in the midst of a business cycle. I don't think it's more profound than that. And despite the economic downturn, I'm having more fun today than at any other moment in my 30-year advertising career. The game is more interesting and more relevant than ever. ~ Rochelle B Lazarus

High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. ~ Major Owens

I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy. ~ Paula Poundstone

Even without an economic downturn, women sometimes want to keep their shopping habits to themselves. ~ Natalie Massenet

A gasline will help shape our economic future - the same way that oil has shaped our economic present. ~ Sarah Palin

The fact is that life has become a sweepstake. Millions of people who have lost the sense of being able to make anything of the collective effort of shaping their economic society, now expect fortune to descend like pie from the sky. ~ Max Lerner

as inflation has fallen, so bonds have rallied in what has been one of the great bond bull markets of modern history. Even more remarkably, despite the spectacular Argentine default - not to mention Russia's in 1998 - the spreads on emerging market bonds have trended steadily downwards, reaching lows in early 2007 that had not been seen since before the First World War, implying an almost unshakeable confidence in the economic future. ~ Niall Ferguson

Christians need to pay attention to how their educational choices for their own children reinforce racial and economic segregation in schools. ~ Jemar Tisby

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods. ~ Ludwig Von Mises

The most widely discussed formulation of [the One World model] was the "end of history" thesis advanced by Francis Fukuyama. "We may be witnessing, Fukuyama argued, " ... :;the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government.":; ... The future will be devoted not to great exhilarating struggles over ideas but rather to resolving mundane economic and technical problems. And, he concluded rather sadly, it will all be rather boring. (P. 31 ~ Samuel P. Huntington

I consider it important, indeed urgently necessary, for intellectual workers to get together, both to protect their own economic status and also, generally speaking, to secure their influence in the political field. ~ Albert Einstein

We must recognize that we can't solve our problems now until there is a radical redistribution of economic and political power ... a radical restructuring of the architecture of American society. ~ Martin Luther King, Jr.

If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences. ~ Henry Hazlitt

There are a lot of problems in the world, a lot of tragic things that have to be addressed, economic, medical, political, all kinds of things, but, to my way of thinking, they pale in comparison to the overall problem of the environmental deadline. ~ Dean Stockwell

The Obama administration seems to be following what might be called 'the Detroit pattern increasing taxes, harassing businesses, and pandering to unions. In the short run, it got mayors re-elected. In the long-run, it reduced Detroit from a thriving city to an economic disaster area, whose population was cut in half, as its most productive citizens fled. ~ Thomas Sowell

Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions. ~ Clayton Christensen

Generally speaking, beliefs arise from an event or character that may or may not be authentic, and rapidly evolve into social movements that are conditioned and shaped by the political, economic and societal circumstances of the group that accepts them. ~ Carlos Ruiz Zafon

The earth will probably sink and drown; but at least it will be the result of generally acknowledged political and economic ideas, at least it will be accomplished with the help of the science, industry, and public opinion, with the application of all human ingenuity! No cosmic catastrophy, nothing but state, official, economic, and other causes. Nothing can be done to prevent it. ~ Karel Capek

The 1.8 million child deaths each year related to clean water and sanitation dwarf the casualities associated with violent conflict. No act of terrorism generates economic devastation on the scale of the crisis in water and sanitation. Yet the issue barely registers on the international agenda. ~ Rose George

We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place; the last thing we were going to do is lay them off. ~ Steve Jobs

If our system continues without modification involving environmental and social concern, we will face an economic and social break down. ~ Jacque Fresco

Before Sutter, native people had heeded the cycle of the seasons, time was infinite, and life's rhythms were unchanging. Now, for at least part of their lives, some Indians were wedded to a concept that proclaimed that time was limited and that it had economic value. The clang of Sutter's bell announced that time was money, that it marched onward, and that it waited for no man, including Indians in the 1840s. ~ Albert L. Hurtado

If you look at the statistics regarding Native Americans, you will see that most of the tribes since the 70s have improved their economic situation in some form. And this has been brought about by their aggressive assertion of their sovereign treaty rights. ~ Leonard Peltier

Economics is a subject that does not greatly respect one's wishes. ~ Nikita Khrushchev

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy. ~ James Meade

I believe economic growth should translate into the happiness and progress of all. Along with it, there should be development of art and culture, literature and education, science and technology. We have to see how to harness the many resources of India for achieving common good and for inclusive growth. ~ Pratibha Patil

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. ~ Paul Samuelson

In money-lenders' capital the form M-C-M is reduced to the two extremes without a mean, M-M , money exchanged for more money, a form that is incompatible with the nature of money, and therefore remains inexplicable from the standpoint of the circulation of commodities. Hence Aristotle: since chrematistic is a double science, one part belonging to commerce, the other to economic, the latter being necessary and praiseworthy, the former based on circulation and with justice disapproved (for it is not based on Nature, but on mutual cheating), therefore the usurer is most rightly hated, because money itself is the source of his gain, and is not used for the purposes for which it was invented. ~ Karl Marx

But Empire building also bears the seeds of its own destruction. The closer a state comes to the ultimate goal of world domination and one-world government, the less reason is there to maintain its internal liberalism and do instead what all states are inclined to do anyway, i.e., to crack down and increase their exploitation of whatever productive people are still left. Consequently, with no additional tributaries available and domestic productivity stagnating or falling, the Empire's internal policies of bread and circuses can no longer be maintained. Economic crisis hits, and an impending economic meltdown will stimulate decentralizing tendencies, separatist and secessionist movements, and lead to the break-up of Empire. We have seen this happen with Great Britain, and we are seeing it now, with the US and its Empire apparently on its last leg. ~ Hans-Hermann Hoppe

We face a deep moral crisis, which we might also describe as a 'crisis of community.' Alongside increasing economic stratification and the continuation of an adaptive racism, a 'morality' of individualism has grown more and more severe. With this deadly combination, we have been losing the spirit that's needed to hold any community or any nation together: a sense of responsibility for each other. In the long term no community can survive when greed and irresponsibility are incentivized instead of reined in. This crisis point to a decision we have to make as a society: Do we want to live in a nation that is defined by inclusionary, solidaristic community values, or one that is defined by the moralistically bankrupt values of Wall Street and the bigoted, exclusionary "solidarity" of reactionaries? ~ Jonathan Smucker

The vast majority of Americans, at all coordinates of the economic spectrum, consider themselves middle class; this is a deeply ingrained, distinctly American cognitive dissonance. ~ Ellen Cushing

Some foreign states will act against a dictatorship only to gain their own economic, political, or military control over the country. ~ Gene Sharp

Energy is necessary for economic growth, for a better quality of life, and for human progress. ~ Mac Thornberry

OUCH

"The arrabal (a term used for poor neighbourhoods in Argentina and Uruguay) and carpa (informal mobile theatre set up inside tents, once common in Latin America), with their caliente (hot) rhythms such as the rumba or the cha-cha-cha, were conquering audiences all over the world, a trend allegorised in song lyrics about their popularity among the French and other non-Latin Americans - "The Frenchman has fun like this/as does the German/and the Irishman has a ball/as does even the Muslim" ("Cachita") - even as they filtered in the presence of a blackness - "and if you want to dance/look for your Cachita/and tell her "Come on negrita"/let's dance" - denied in the official discourse of those Spanish=speaking countries wielding the greatest economic power in the region: namely, Argentina and Mexico, the latter of which would eventually incorporate Afro-Latin American culture into its cinema - although being careful to mark it as Cuban and not Mexican. ~ Robert McKee Irwin

Are you familiar with the economic concept of 'replacement value'? Hermione's replacement value is infinite! There's nowhere else I can go to buy another one! ~ Eliezer Yudkowsky

It was almost forbidden in the Soviet Union to study the New Economic Policy. ~ Anatoly Chubais

Since high capacity utilization simultaneously raises efficiency and increases delay cost, we need to look at the combined impact of these two factors. We can only do so if we express both factors in the same unit of measure, life-cycle profits. If we do this, we will always conclude that operating a product development process near full utilization is an economic disaster. ~ Donald G. Reinertsen

Build a World based on Economic Equality and Infrastructures and Not Military Aids and Weapons Because Producers of Weapons
Does Not Love PEACE ~ John Kanu Woko

This tough-love, winner-take-all narrative dominating policymaking is far too limited a way to think about how a complex, modern, diverse economy like ours expands and thrives. The strongest periods of economic growth in the 20th century were also times when incomes rose across the board. ~ John Podesta

America has a history of political isolation and economic self-sufficiency; its citizens have tended to regard the rest of the world as a disaster area from which lucky or pushy people emigrate to the Promised Land. ~ Alison Lurie

The same wind blows on us all. The economic wind, the social wind, the political wind. The same wind blows on everybody. The difference in where you arrive in one year, three years, five years, the difference in arrival is not the blowing of the wind but the set of the sail. ~ Jim Rohn

Don't be economic Girlie-Men ~ Arnold Schwarzenegger

Perhaps, like bureaucracies everywhere, government officials in Singapore are uncomfortable with groups who appeal successfully to the public's sense of idealism, and whose work cannot be easily quantified in economic terms. Officials can handle individuals and organisations who are in it for the money, but seem not to know how to deal with people who seek and promote more intangible and selfless rewards. ~ Cherian George

Insulin is not a cure for diabetes; it is a treatment. It enables the diabetic to burn sufficient carbohydrates, so that proteins and fats may be added to the diet in sufficient quantities to provide energy for the economic burdens of life. ~ Frederick Grant Banting

The negotiation of city space has been made more difficult with the idea that redevelopment is an improvement for some vague future - but it's never like that, is it? Once you get there, for economic reasons you have to generate the next project - so you're immediately starting to dig up something else, and so it goes on. ~ Iain Sinclair