George W. Bush Quotes

I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people.

We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.

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

Obama came in and gave $700 billion to the bankers off the top as opposed to giving $700 billion to the poor.

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.

Let’s have a moratorium on press conferences …. Get off your asses and let’s do something and fix the biggest doggone crisis in the history of this country.

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.

[Obama White House] rescued the economy from the worst recession.

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.

Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do.

2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.

The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer.

I don't want the federal government to rush in and bail the out right away.

Since taking office, President Obama has signed into law spending increases of nearly 25 percent for domestic government agencies - an 84 percent increase when you include the failed stimulus. All of this new government spending was sold as 'investment.'

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.

And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

When you stop and look at so much of the kind of activism that has been triggered, the Tea Party and the like, as a result of Obama's efforts - TARP, the stimulus package, and now the health care reform - there is a lot of sense this government is changing.

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.

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

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.

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