"First National Bank laid off 1,000 people; where do they go? There are no jobs for them. So we are having serious economic problems in this country. We are in a real economic crisis"
- Richard M. Daley
About this Quote
This quote by Richard M. Daley speaks with the severity of the economic crisis in the United States. The truth that the First National Bank laid off 1,000 individuals signifies the financial hardship that lots of services are dealing with. The quote also highlights the absence of task chances for those who have been laid off, as there are no jobs for them. This absence of job chances signifies the recession that the country is facing. The quote also talks to the severity of the recession, as it is described as a "genuine recession". This quote serves as a tip of the economic challenge that numerous businesses and individuals are facing in the United States.
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