Ronald Reagan said this during his 1980 Presidential debates with Jimmy Carter, regarding the economy:
"A recession is when your neighbour loses his job; a depression is when you lose yours. And recovery will be when Jimmy Carter loses his."
Lol, what do you think - classic Ronnie quote! :p
2007-10-08 21:13:35 · 5 answers · asked by Quynh N 2 in Education & Reference ➔ Quotations
My favorite Reagan quote is:
"The government's view of the economy can be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
That was a classic, and if I'm not mistaken, totally original.
Kudos to Chris above who recognized Reagan's recession/depression quote as belonging to Truman. Reagan had a genius for borrowing quotes and popularizing them. Once he said them, it was hard to imagine them coming out of anyone else's mouth.
I really miss Reagan and his great sense of humor. He cheered us all up and got us out of the Carter "malaise daze". I still keep his stamps in my wallet, even though I've moved to Europe.
2007-10-08 22:07:36 · answer #1 · answered by pachl@sbcglobal.net 7 · 0⤊ 0⤋
A good quote, but not original to Reagan. It's actually from Harry Truman (and, incidentally, Reagan was a Democrat during Truman's presidency).
Of course, Reagan added the Carter bit. Equally obviously, it was probably not Truman who first said it, especially following the Great Depression, but he knew a good line when he heard one.
2007-10-08 21:23:48 · answer #2 · answered by johnny_sunshine2 3 · 1⤊ 0⤋
Yeah, good quote, but written by his speechwriter, not him.
2007-10-08 21:17:52 · answer #3 · answered by freebird 6 · 0⤊ 0⤋
hahaha... very witty Ronald is!
2007-10-08 21:22:40 · answer #4 · answered by Sarah Says 5 · 0⤊ 0⤋
kinda.
2007-10-08 21:16:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋