Quotes & Sayings About Bailouts

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. — Russell D. Moore

You know, Bob, school is school, one of those life experiences we kids all have to get through in order to become you. Then we wonder what all the fuss was about, especially while we're cleaning up your little messes: toxic waste, war, bank bailouts. Honestly, if we ran up debt the way you guys do? You'd ground us, take away our cells, and make us clean toilets with a toothbrush until we'd pay back every penny. — Ilsa J. Bick

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. — Al Gore

As Americans, we shouldn't like bailouts. Where I come from, if someone takes a risk and they're going to make the profit from that risk, they shouldn't have the taxpayer pay for the losses. — Henry Paulson

Most Ohioans would be surprised to know that the same Wall Street megabanks which received bailouts from taxpayers in 2009 also receive taxpayer-funded advantages today simply because of their 'too big to fail' status. — Sherrod Brown

I've criticized President Bush for his failure to use his veto pen. There's plenty of blame to go around. The question is how to solve problems. It's not bailouts. What made America great? Free markets, free enterprise, manufacturing, job creation. That's how we're gonna do it, not by enlarging government. — Scott Brown

Well you know I'm very supportive of what the Tea Party is trying to do. They're very concerned with spending, the deficit, the bailouts, you know all of those kinds of things. But I really think that the strength of the Tea Party is being a grassroots movement. — John Boozman

The picture of bankers slavering after bonuses soon after they had been rescued by government bailouts was not only outrageous but also pitiable - pitiable because they were clamoring for their primary measure of self-worth and status to be restored — Raghuram G. Rajan

Stimulus spending, permanent bailouts, government takeovers, and federal mandates have all failed our nation. America's employers are afraid to invest in an economy racked with uncertainty over what Washington's next set of rules, regulations, mandates, and tax hikes will look like. — Geoff Davis

Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts. — Charles Koch

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

The Europeans waited so long that they are impacting people who depend on their pensions. We are still early enough to fix it for the next generation. A few states have started scaling back their programs, while others have come hat in hand for billion-dollar federal bailouts. — Timothy Griffin

In the meantime, powerful industries and business investors spend considerable sums of money in secretive lobbying; persuading, cajoling and needling politicians to pursue policies that are, in effect, corporate welfare programmes. Corporations and banks receive huge public subsidies and bailouts, while the rest of us are largely left to the cold biting winds of 'market' economics. It's socialism for the rich, and capitalism for the rest of us. — David Cromwell

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. — Mike Pence

Berlin has traditionally backed a rules-based eurozone in which every member state is responsible for its own finances, including bank bailouts, with political union limited to a fiscal overlord's possessing veto power over national budgets that violate the rules. — Yanis Varoufakis

Currently we're suffering from the fear instilled into Americans that another 9/11 is just around the corner. We've also been brainwashed into believing the Federal Reserve just saved us from a total financial collapse in the past seven years even though the Fed was one of the most important causes of the crisis. To deal with the threats of another attack and another financial crisis we are expected to complacently accept endless spending, endless debt, endless bailouts, endless inflation by the Federal Reserve, endless spending by the Congress, and even endless war. — Ron Paul

The fact is, if our primary legislative goals are to repeal and replace the health spending bill; to end the bailouts; cut spending; and shrink the size and scope of government, the only way to do all these things it is to put someone in the White House who won't veto any of these things. — Mitch McConnell

Mother Nature does not do bailouts. — Al Gore

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

As bank customers, we tend to believe that we can have both perfect security for our money, drawing on it whenever we want and never expecting it not to be there, while still earning a regular rate of return. In a true free market, however, there tends to be a tradeoff: you can enjoy a money warehouse or you can hope for a return on your investment. You can't usually have both. The Fed, however, by backing up this fractional-reserve system with a promise of endless bailouts and money creation, attempts to keep the illusion going. — Ron Paul

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

If the 'Athens Spring' - when the Greek people courageously rejected the catastrophic austerity conditions of the previous bailouts - has one lesson to teach, it is that Greece will recover only when the European Union makes the transition from 'We the states' to 'We the European people.' — Yanis Varoufakis

Trillions of dollars are being spent in the name of 'saving' the economy: bailouts, 'stimulus,' omnibus spending bills, budgets, government takeovers of the auto, health care and energy industries, all of which require ever more spending. — Monica Crowley

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

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. — Matt Taibbi

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. — Llewellyn Rockwell

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. — Seth Klarman

Whether it is Obamacare, the stimulus, Wall Street bailouts, the food safety bill - on vote after vote, Bill Nelson has chosen to side with Harry Reid, Nancy Pelosi, and President Obama over the people of Florida. — Adam Hasner

Public anger over bank bailouts was as much about fairness as the billions of dollars spent. — Nina Easton

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

In Washington, we've seen enough tax hikes, government takeovers, bailouts, and other big government solutions under Speaker Pelosi's control. — Kevin McCarthy

Our government has failed us. From the billion-dollar bailouts to the 'stimulus' package that failed to stimulate to the government takeover of health care, you cried 'Stop!' ... but the Democratic Majority in Washington has refused to listen. — Kevin McCarthy

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. — Kristi Noem

No one forces you to buy a Twinkie. But governments do force you to fight in their wars and pay for their bailouts. — Thomas E. Woods Jr.

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

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

This nation was founded on the principle of wealth creation. As
a young Henry Clay said in the House of Representatives in 1812,
"It [wealth creation] is a passion as unconquerable as any with which
nature has endowed us. You may attempt to regulate - you cannot
destroy it." That is supposed to be the federal government's primary objective.
It is supposed to promote the creation of an environment conducive
to the creation of wealth - not job creation, not bailouts, not subsidies,
not expansion of the federal bureaucracy, and not providing lifetime
support to those who choose not to take advantage of the innumerable
opportunities that exist in this nation for them to create a better,
more productive life for themselves. — Ziad K. Abdelnour

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

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

I think people are sick and tired of bailouts, domestically and internationally. — Leonard Lance