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People STOP BUYING THINGS, and that is how you turn a slowdown into a RECESSION.

Author - Janet Yellen

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There were a lot of manufacturing JOBS LOST over a long period of time and particularly after - during the GREAT RECESSION. We've had some RECOVERY in manufacturing employment as the economy's recovered.

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The simple fact of the matter is, as I know EVERYONE in this room KNOWS, that the recession that this country faced when this President took office was the worst SINCE the Great Depression.

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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.

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In the last recession, 99 percent of us have LOST WEALTH, but did you know that the top 1 percent INCREASED their wealth five times? It tells you they create recessions so they GET wealthier.

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We have been dealt a very WEAK hand by the financial MARKET meltdown, bailouts, and recession. We can't ACT like it's a STRONG one.

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Let's be CLEAR: raising taxes during a very slow RECOVERY is likely to lead to another RECESSION, and it will do absolutely NOTHING to balance the budget.

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One of the defining EXPERIENCES of my life came in the mid-1980s. After working for TWO YEARS as a geologist in Colorado, I LOST my job and my career during that long RECESSION.

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We don't TELL New Zealanders we can stop the global recession, because we can't. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world STARTS growing again we can be running FASTER than other countries we COMPETE with.

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The early-'80s RECESSION was good for good restaurants, not LEAST because it PUT bad ones out of BUSINESS.

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When you're in the DEPTHS of a recession, that isn't the TIME when people WANT to CHALLENGE the system, they're too busy trying to survive. It's when they're told we're coming out of a recession, growth is RETURNING, and they're not seeing the benefits of it, or they're not seeing them quick enough.

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