Ronald Reagan actually said...

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

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

08/22/1982

More Ronald Reagan Quotes

Good news is not bad, it's good.

I'm determined to finish the job we've begun.

Understanding begins with the knowledge that the most powerful force for progress in this world comes not from government bureaucracies, nor...

The dream of human progress through freedom is still the most revolutionary idea in the world today.