Ronald Reagan: “I told him that a recession was when your neighbor lost his job; a…”

On the recordAugust 22, 1982

I told him that a recession was when your neighbor lost his job; a depression was when you'd lost yours.

Said by

Republican · California

Source

Remarks at a Fund-raising Dinner in Los Angeles, California, for United States Senate Candidate Pete Wilson

More from Ronald Reagan

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Are you better off than you were four years ago?

Jan 17, 1989

Let us always take with us the spirit of vision, skill, and excellence.

Dec 21, 1988

It was a message of peace.

Jan 17, 1989

This is a great day.

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Ronald Reagan: “I told him that a recession was when your neighbor lost his job; a depression was when you'd lost yours.”