Definitions Quote by Ronald Reagan

Recession is when a neighbor loses his job. Depression is when you lose yours.

— Ronald Reagan

A recession is when your neighbor loses his job. A depression is when you lose yours.

— Ronald Reagan

Its a recession when your neighbor loses his job; its a depression when you lose your own.

— Harry S Truman

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

— Harry S Truman

“It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”

— Harry S. Truman

The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.

— Amity Shlaes

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a…

— Tommy Douglas

A recession is when you have to tighten your belt; depression is when you have no belt to tighten. When you've lost your trousers…

— Adam Thomson

Recession leads to depression, from our obsession, of what was once our possession

— Anonymous

If you raise taxes during a recession, you head to depression.

— George W. Bush

You've heard of mental depression; this is a mental recession.

— Phil Gramm

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends…

— James Buchan