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" "Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.
Ronald Wilson Reagan (6 February 1911 – 5 June 2004) was an American politician and actor, who served as the 40th president of the United States from 1981 to 1989. Prior to his presidency, he served as the 33rd governor of California from 1967 to 1975, following a career as a Hollywood actor and union leader. He was the husband of Jane Wyman (1940–1949) and Nancy Davis (married in 1952).
Biography information from Wikiquote
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AT THE END OF WORLD WAR II, I was a New Dealer to the core. I thought government could solve all our postwar problems just as it had ended the Depression and won the war. I didn’t trust big business. I thought government, not private companies, should own our big public utilities; if there wasn’t enough housing to shelter the American people, I thought government should build it; if we needed better medical care, the answer was socialized medicine.
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The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us. Business doesn't pay taxes, and who better than business to make this message known? Only people pay taxes, and people pay as consumers every tax that is assessed against a business. Begin with the food and fiber raised in the farm, to the ore drilled in a mine, to the oil and gas from out of the ground, whatever it may be — through the processing, through the manufacturing, on out to the retailer's license. If the tax cannot be included in the price of the product, no one along that line can stay in business.