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.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
You cannot spend your way out of recession or borrow your way out of debt.
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.
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.
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.
I have voted to make tough decisions in budgetary times, I've served on two recessionary budgets, my opponent has never served on any a budget committee where there was less money to spend than the year before.
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.
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.
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.
A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.
People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.
No one saw the recession coming.
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.
In God, there is no lack and no recession.
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