Best Bailouts Quotes | Short & Famous Sayings

“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.”

People Periods Crisis Financial Average Hardship Entering Billionaire Financial Crisis Bailouts

Author:Thomas Frank

“I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates.”

“Governor Romney supported the bailout of Wall Street and decided not to support the bailout of Detroit.”

Support Streets Wall Republican Decided Governors Romney Detroit Bailouts Governor Romney

Author:Rick Santorum

“What our family has done is participate in the farm programs. And so the farm programs I think essentially almost every farmer in South Dakota has participated in those, and they haven't been bailouts, they have been programs that the United States has put forward for farmers to participate in.”

Thinking Has Beens States Done United United States Havens Program South Our Family Farms Farmers Dakota Bailouts South Dakota

Author:Kristi Noem

“I didn't know you were Catholic.”

Knows Support Catholic Bills Democratic Knees Secretary Treasury Bailouts

Author:Nancy Pelosi

“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.”

Littles Doe Plans Cost Direct Stress Debt Relief Resolve Investors Household Severe Disgrace Reckless Taxpayers Bankers Stressed Treasury Lenders Bailouts Meltdowns Borrowers

Author:Nouriel Roubini

“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.”

Interest Gone Streets Policy Wall Billions Administration Plus Zero Loan Bailouts

Author:Jill Stein

“The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.”

Has Beens Good Things Forgotten Collapse Fierce Prevailing Bailouts

Author:Andrew Ross Sorkin

“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.”

Should Government Decision Company Failing Succeed Should Have Federal Government Bad Decision Bailouts

Author:Matt Salmon

“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.”

Ifs Giving School Sound Money Economics Currents Reform Cycles Cheer Reserves Replaced Economist Banking Inflation Central Banks Bailouts

Author:Llewellyn Rockwell

“If there is no cost to be paid for the indiscriminate dumping of pollution into the earth's atmosphere, then it should be a surprise to no one that today we will dump another 70 million tons of global warming pollution into the thin shell of atmosphere surrounding our planet. ... We have to [act] this year, not next year. Mother Nature does not do bailouts.”

Ifs Should Years Doe Today Earth Mother Next Millions Planets Cost Paid Surprise Atmosphere Global Warming Pollution Shells Our Planet Next Year Mother Nature Dump Bailouts

Author:Al Gore

“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.”

Order Birth Billions Remembered Mail Taxpayers Detroit Pouring Catalogues Ebay Bailouts

Author:Thomas Friedman

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

Government Company Organization Bankruptcy Verge Bailouts

Author:Martin Winterkorn

“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.”

People Ifs Real Facts Left Causes Millions Involved Majors Institutions Financial Credit Favors Employment Swim Output Contractions Financial Institutions Bailouts Downturn Sink Or Swim

Author:Thomas Sowell

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

Should Next Chinese Greek Borrowing Bail Bailouts Borrowing Money

Author:Jeb Hensarling

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

Government Just One Chips Potatoes Bailouts Potato Chips

Book:The Thomas Sowell Reader

Source: The Thomas Sowell Reader

“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.”

“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.”

Integrity Constitution Assumption Threatened Bailouts

Author:David Limbaugh

“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.”

May Government Values Interest Offers Rate Spending Miserable Chinese Saudis Interest Rate Buyers Runaway Bailouts

Author:Luke Johnson

“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.”

World Real Matter Real World Loan Packages Stimulus Bailouts World Bank

Author:Dick Morris

“One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn't mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today's housing mess can be laid directly at the feet of Congress and the White House.”

Source: American Contempt for Liberty

“Punishing enemies and rewarding friends - politics Chicago style - seems to be the unifying principle that helps explain the Obamacare waivers, the NLRB action against Boeing and IRS's gift tax assault on 501(c)(4) donors. They look like examples of crony capitalism, bailout favoritism and gangster government. One thing they don't look like is the rule of law.”

“The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine.”

“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.”

“Anyone believing the TPP is good for Americans take note: The foreign subsidiaries of U.S.-based corporations could just as easily challenge any U.S. government regulation they claim unfairly diminishes their profits - say, a regulation protecting American consumers from unsafe products or unhealthy foods, investors from fraudulent securities or predatory lending, workers from unsafe working conditions, taxpayers from another bailout of Wall Street, or the environment from toxic emissions.”

“Both Mitt Romney and Newt Gingrich supported the Wall Street bailout.”

Streets Wall Romney Newts Bailouts

Author:Michele Bachmann

“After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don't have. But instead of cutting, we saw an unprecedented explosion of government spending and debt. It was unlike anything we've ever seen before in the history of the country.”

“On domestic policy, Donald Trump agreed with Barack Obama and Hillary Clinton on the Wall Street bailout, the TARP bailout of big bank. I think the government ought to be standing with mainstream, with working men and women. And then you put on top of that the ethical issues, whether it is refusing to release his taxes. And that's a real problem.”

“Your story is for - voting for every disastrous trade agreement, and voting for corporate America. Did I vote against the Wall Street bailout?”

Stories America Streets Wall Vote Trade Corporate Voting Agreement Corporate America Trade Agreements Bailouts

Author:Bernie Sanders

“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.”

Needs Doe I Can Government Jobs Pay Rights Broken Protect Taxes Projects Unions Extraordinary Workers Voters European Union Euro Brussels Bailouts Workers Rights Can't Trust You

Author:Gisela Stuart

“The ESM, the European Stability Mechanism, is not funded by Germany alone. Twenty-seven percent of the bailout package comes from Germany. Italy and France together cover a total of 38 percent. That's reality. It makes no sense to say that everyone wants to get at Germany's money.”

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Author:Martin Schulz

“We call for a bailout for an entire generation that is basically held hostage by unpayable student-loan debt.”

Generations Students Debt Loan Hostage Student Loan Bailouts

Author:Jill Stein

“We're calling for that bailout for young people in order to jumpstart the economy of our future.”

People Young Order Economy Calling Our Future Bailouts Jumpstart

Author:Jill Stein

“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.”

Want Kind Government Interest Example Smart Institutions Financial Size Financial Institutions Bailouts Size Of Government

Author:Barack Obama

“I think one can see the [Donald] Trump program as if it were that element of the bailout of 2009 writ very large, and now extended out towards both fossil fuels, and, on the other hand, the infrastructure program, which is such a key element of the spending side of the Trump program.”

Ifs Thinking Hands Sides Keys Trump Elements Program Spending Fuel Fossils Infrastructure Fossil Fuel Bailouts

Author:Judy Woodruff

“I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.”

Thinking Knows Term Streets Wall Couple Bailouts

Author:Warren Buffett

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

People Home Bigs Lost Wealth African American Chunks Bailouts

Author:Julianne Malveaux

“400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have as much loot, stock and property as the assets of 155 million Americans combined.”

Way Littles Individual Millions Four Hundred Dollars Property Wealthy Assets Cash Taxpayers Bailouts Mubarak

Author:Michael Moore

“If your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union.”

People Ifs Unions Credit Bailouts Credit Unions

Author:Michael Moore

“Barack Obama likes to point to General Motors as the poster child for the job creation success of his economic policies. However, whatever your sentiments about the government's bailout of General Motors, for every job Barack Obama 'saved-or-created' in the U.S. there were two jobs off shore.”

Children Two Government Jobs Economic Policy Creation Saved Likes Barack Sentiments Shore Motor Posters Economic Policy Job Creation General Motors Bailouts Two Jobs

Author:Bob Beauprez

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

Streets Wall Drug Bills Stimulus Entitlement Prescriptions Medicare Prescription Drugs Bailouts Entitlement Programs

Author:Mike Pence

“All we're getting from the Democratic majority in Congress and from this White House is more bailouts, more spending, more planned stimulus, more deficits and debt, and the American people have had it.”

People House White Majority Democratic Congress Debt Spending White House Deficit Stimulus Bailouts

Author:Mike Pence

“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.”

“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.”

Ifs Thinking World Asks Individual Race Streets Fronts Wall Republican Democratic Settling Runners Obamacare Mandates Insiders Bailouts

Author:Rick Perry

“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.”

Firsts Said Moral Behavior Parenting Rewards Financial Misfortunes Incentives Loan Hazards Bad Behavior Bailouts Moral Hazard

Author:Eliot Spitzer

“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.”

Ifs Two Order Opportunity House Grows Animal Fats Meals Pet Lazy Hunts Jungle Lending Wild Animal Bailouts

Author:Matt Taibbi

“We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country - and still have had enough money left over to buy a new house for every American who does not already have one.”

Kind Doe Stills Country Enough House Energy Left Generations Cost Paid Brands Alternatives Plus Prime Highways Mortgage Had Enough Brand New Grids Bailouts Paid Off Alternative Energy

Author:Matt Taibbi

“Conservative evangelicals don't want government support for our faith, because we believe God created all consciences free and a state-coerced act of worship isn't acceptable to God. Moreover, we believe the gospel isn't in need of state endorsement or assistance. Wall Street may need government bailouts but the Damascus Road never does.”

Want Needs Believe May Doe States Government Politics Support Streets Wall Worship Conscience Conservative Believe In God Acceptable Assistance Endorsements Bailouts

Author:Russell D. Moore

“Mother Nature does not do bailouts.”

Doe Mother Environment Mother Nature Bailouts

Author:Al Gore

“Do you realize that the 850 billion dollar bank bailout, that sum of money is greater than the entire 50 year running budget of NASA. And so when someone says, 'We don't have enough money for this space probe.' No, it's not that you don't have enough money. It's that the distribution of money that you're spending is warped in some way that you are removing the only thing that gives people something to dream about tomorrow.”

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Bailouts Quotes