Quotes on Recession

Like every New Yorker, I know this place is magic. I know this place is amazing. I know that we have come back time and time again from a great recession, from high crime rates, from 9/11, from crisis after crisis.

There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.

People stop buying things, and that is how you turn a slowdown into a recession.

The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.

A lot has happened over the years. And while this nation has been tested by war, and it's been tested by recession and all manner of challenges - I stand before you again tonight, after almost two terms as your president, to tell you I am more optimistic about the future of America than ever before.