Louie Gohmert Quotes

When Obama was inaugurated, he and his team had an insight - though whether the insight was conscious or not I don't know. But it was this: The TARP $700 billion price tag was a new kind of model.

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

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

I saw the government really using the excuse of a weak economy and a financial crisis to create more government and to push onto the American entrepreneurial society more and more restraints and government activity.

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.

The bailout of Fannie Mae is completely off the books. It's going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt.

Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.

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 we don't have. But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.

It’s not the government’s job to bail out speculators.

When the economy gets wobbly, people pay attention to the leadership failures.

When historians look at the Obama presidency, they're likely to credit him especially for doing the politically unpopular things that were needed in 2009 to salvage the financial wreckage.

The economic meltdown that would define every aspect of Obama's economy came to a head well before he became president, of course, and so did the legislation that would be the basis for everything that came after.

The Republican platform specifically says we don't believe in bailing out private business, and yet we did.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he's a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an institution, I think, went against every part of him.

You don't set up an implicit promise from the federal government that everybody is getting bailed out.

The passage of the American Recovery and Reinvestment Act - or stimulus bill, as it is often called - is a perfect example in which dire circumstances necessitate immediate action. But with such large amounts of taxpayer money at stake, a hastily developed, under-thought-out plan could have been disastrous.

When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see.

Chet Edwards votes for every bailout and against ending any bailout!

I think the bailouts in 2008 were wrong.

We should not have the U.S. government buying stock in American industries - the financial industry or any other industry.

The federal government is enormous; it never shrinks. And the interest is killing us.

I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster.

Nationalizing businesses, nationalizing banks, is not a solution for the democratic party, it's the objective.