
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.