If there's a severe RECESSION, the automatic stabilizers will come into EFFECT, and we will STILL try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

In GOD, there is no LACK and no RECESSION.

I REALIZED it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a RECESSION or a cutback in the ECONOMY, we FEEL it FIRST. Because many self-employed people provide services that are nonessential.

I think that CAPITALISM in general is responsible, not for the WORLDWIDE recession, but for a lot of suffering, both in the United STATES and around the WORLD.

Anyone who has FOLLOWED the U.S. economy in recent years can tell you while corporate America and their WEALTHY executives have recovered from the last RECESSION, middle-class FAMILIES have not. About 95 percent of INCOME gains between 2009 and 2012 went to the top one percent.

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

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.

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.

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.

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.

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.

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.

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.