„Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.“
— Ronald Reagan American politician, 40th president of the United States (in office from 1981 to 1989) 1911 - 2004
Speech in Jersey City, New Jersey (1 September 1980) http://www.slate.com/id/2201249/
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.