With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
Sentiment: NEGATIVE
We simply can't spend our way out of a recession.
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Every time there is a recession, consumers will typically be more cautious, more conservative, take more time, and make more serious price-performance trade-offs.
The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.
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.
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
In a recession, you must be able to call into question everything you've done before.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
People stop buying things, and that is how you turn a slowdown into a recession.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.
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