"This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined"

In this quote, Austan Goolsbee is highlighting the intensity of the current economic crisis. He states that it is the inmost one that has actually taken place in our lifetimes, indicating it is the worst financial slump that many people have experienced. He then compares it to the Great Depression of 1929, which is commonly thought about to be the worst economic crisis in American history. Goolsbee goes on to discuss that if you integrate the variety of individuals who lost their jobs in the recessions of 1982, 1991, and 2001, it still does not match the variety of individuals who have actually been affected by the existing economic crisis. This emphasizes the magnitude of the present economic crisis and the challenges that lie ahead.