Bailouts Quotes

• Government bailouts are like potato chips: You can't stop with just one.

  Thomas Sowell

  Government, Potato Chips, Potatoes

  Thomas Sowell (2011). “The Thomas Sowell Reader”, p.398, Basic Books

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• If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.

  Matt Taibbi

  Animal, Opportunity, Order

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• Any bailout of a private company is a bad decision by our federal government. Private companies have the right to succeed, but they also should have the right to fail.

  Matt Salmon

  Should Have, Government, Decision

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• Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.

  Eliot Spitzer

  Parenting, Hazards, Moral Hazard

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• I got all the respect in the world for the front-runners in this race, but ask yourself: If we replace a Democratic insider with a Republican insider, you think we're really going to change Washington, D.C.? You don't have to settle for Washington and Wall Street insiders who supported the Wall Street bailout and the Obamacare individual mandate.

  Rick Perry

  Wall, Thinking, Race

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• The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.

  Nouriel Roubini

  Stress, Littles, Bankers

  "Not so much bail-out as rip-off". www.theguardian.com. September 29, 2008.

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• During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.

  Thomas Frank

  Average, People, Entering

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• The government cannot become a bailout organization for companies on the verge of bankruptcy.

  Martin Winterkorn

  Government, Organization, Company

  Source: www.spiegel.de

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• While the banks got big bailouts, a sizeable chunk of African-American wealth evaporated because so many people lost homes.

  Julianne Malveaux

  Home, People, African American

  Source: www.theskanner.com

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• I have no interest in increasing the size of government. I just want to make sure we have got a smart government that is regulating, for example, the financial institutions smartly, so I don't have to engage in any kind of bank bailouts.

  Barack Obama

  Smart, Government, Example

  Source: www.realclearpolitics.com

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• We are living in a time when the very integrity of the Constitution is being threatened daily, from federal bailouts to federal assumption of control over private business.

  David Limbaugh

  Integrity, Constitution, Assumption

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• The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.

  Paul Craig Roberts

  Country, World, Might

  Paul Craig Roberts (2010). “How the Economy was Lost: The War of the Worlds”, p.1976, AK Press

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• California is going to take themselves off the cliff culturally and economically, fiscally. They are going to be at the trough in Washington wanting a bailout.

  Jim DeMint

  California, Cliffs, Trough

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• I opposed No Child Left Behind, I opposed the Medicare prescription drug bill, I opposed the Wall Street bailout. What the American people are starting to see is that Republican, Republicans on Capitol Hill get it and the Democrats, from the White House to Capitol Hill, just don't get it.

  Mike Pence

  Children, Wall, White

  "Biography/Personal Quotes". www.imdb.com.

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• The Obama administration has embraced the policies of George W. Bush, and then gone much further. Wall Street bailouts went ballistic under Obama - $700 billion under Bush, but $4.5 trillion under Obama, plus another $16 trillion in zero-interest loans for Wall Street.

  Jill Stein

  Zero, Wall, Gone

  "Why I'm Voting Green" by Chris Hedges, www.truthdig.com. October 29, 2012.

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• If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

  Mitt Romney

  Goodbye, Jobs, Suicidal

  "Let Detroit go bankrupt". www.nytimes.com. November 18, 2008.

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• I find it extraordinary that I'm being told I can't trust you the voter to get a government in to protect workers rights and that we need Brussels to defend you, the euro is a broken project we are going to pay, no you are going to pay out of your taxes one bailout out of another and the European union does not protect your jobs.

  Gisela Stuart

  Jobs, Rights, Government

  Source: www.telegraph.co.uk

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• Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.

  Thomas Friedman

  Ebay, Order, Pouring

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• It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.

  Maria Cantwell

  Wall, Government, Acting

  "Wall Street Has a Gambling Problem" by Sen. Maria Cantwell, www.huffingtonpost.com. March 18, 2010.

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• Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.

  Thomas Sowell

  Real, People, Swim

  "A Political "Solution": Part II" by Thomas Sowell, www.realclearpolitics.com. September 23, 2008.

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• We should not be borrowing money from the Chinese to bail out the Greeks. What's coming next? Intergalactic bailouts?

  Jeb Hensarling

  Greek, Chinese, Bail

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• In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.

  Dick Morris

  Real, World, Matter

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• At some point the Japanese, Chinese and Saudi buyers of US and European Government bonds will see just what miserable value they offer. Then governments may have to stop all the runaway spending and bailouts and even put up interest rates.

  Luke Johnson

  Government, Chinese, May

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• A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future.

  Peter Schiff

  Mistake, Cutting, Past

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• I opposed the Medicare prescription drug entitlement. I opposed the Wall Street bailout. I opposed the stimulus bill.

  Mike Pence

  Wall, Drug, Bills

  Interview with Christiane Amanpour, abcnews.go.com. November 7, 2010.

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