After a brief hiatus, Quote of the Month Club is back from summer vacation with this gem from POTUS #33, Harry S. Truman:
- It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.
- —quoted in the Observer magazine, 13 April 1958
This has been a public service announcement from the “it could be worse” school of crisis management. Our motto: “When others think they’ve hit rock bottom, we start digging.”