“The recession started upon my arrival. It could have been—some say February, some say March, some speculate maybe earlier it started—but nevertheless, it happened as we showed up here. The attacks on our country affected our economy. Corporate scandals affected the confidence of people and therefore affected the economy. My decision on Iraq, this kind of march to war, affected the economy.”
George W. Bush
“I was working out here during the recession that started in the late 1980s and lasted until about 1995, and it was terrible. But this market today is about as good as it gets.”
Steve Ruffner
“We went into recession in March [2001], and in April we had our first decline in payrolls. Firms responded really quickly to the downturn, and we don't see any reason why they won't respond quickly to the upturn as well.”
Melanie Jani
“The economy hit a brick wall in February and March. The risk of a recession is higher now than I thought it would have been six months ago. It's higher now than I thought it would have been six weeks ago.”
Cary Leahey
“Remember the recession in 2001? Now we're finally starting to pick up in the last few quarters.”
John Connaughton
“I believe this is tied to a recession, maybe a mild recession, but a recession in that the amount of revenue reported by telecom suppliers and dot.com companies will be lower.”
William Schrader
“Recessions usually last about a year. That would place the end around March or April.”
Sam Burns
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