James Callaghan Quote

You cannot now, if you ever could, spend your way out of a recession.


speech at Labour Party Conference, 28 September 1976


You cannot now, if you ever could, spend your way out of a recession.

You cannot now, if you ever could, spend your way out of a recession.

You cannot now, if you ever could, spend your way out of a recession.

You cannot now, if you ever could, spend your way out of a recession.