“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.”

Speech in Jersey City, New Jersey (1 September 1980) http://www.slate.com/id/2201249/
1980s
Context: Let it show on the record that when the American people cried out for economic help, Jimmy Carter took refuge behind a dictionary. Well, if it's a definition he wants, I'll give him one. A recession is when your neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

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Do you have more details about the quote "Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter los…" by Ronald Reagan?
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Ronald Reagan 264
American politician, 40th president of the United States (i… 1911–2004

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