Martin Winterkorn Quotes

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

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.

I think the bailouts in 2008 were wrong.

Whatever the economy needs to maintain itself, the government will do it.

The public in many countries is understandably concerned by the commitment of substantial government resources to aid the financial industry when other industries receive little or no assistance. This disparate treatment, unappealing as it is, appears unavoidable.

My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.

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

In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out.

I'm wondering if they haven't reported all the people with MS, because if all of the cases were reported, the government would have to step in and give more financial aid to us.

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

I opposed the bailout of banks and car companies.

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

It's better to have the taxpayer pay for the losses than have the United States of America become an economic wasteland. If the financial system collapses, it's really, really hard to put it back together again.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

See where Congress passed a two billion dollar bill to relieve bankers' mistakes. You can always count on us helping those who have lost part of their fortune, but our whole history records nary a case where the loan was for the man who had absolutely nothing. Our theory is to help only those who can get along, even if they don't get a loan.

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

When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.

56,000 companies have already benefited from the schemes that we have brought in. If we have taken the advice of the Conservative Party, no money would have been used. As Barack Obama said only yesterday, doing nothing is not an option.

Liberals believe government should take people's earnings to give to poor people. Conservatives disagree. They think government should confiscate people's earnings and give them to farmers and insolvent banks. The compelling issue to both conservatives and liberals is not whether it is legitimate for government to confiscate one's property to give to another, the debate is over the disposition of the pillage.

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

In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.

After order and liberty, economy is one of the highest essentials of a free government.

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

See, when the government spends money, it creates jobs; whereas when the money is left in the hands of taxpayers, God only knows what they do with it. Bake it into pies, probably. Anything to avoid creating jobs.

Democrats have always wanted to grow government with revenues from our society's producers. They aren't sincere about reducing the deficit, because they will not abandon their addiction to spending other people's money.