Ray Flynn Quotes

I opposed the bailout of banks and car companies.

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

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

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

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

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.

It's become glib political conventional wisdom in Washington that a massive spending plan will provide a parachute rescue for a cliff-diving economy - landing it safely and with strong enough legs to move toward a healthy future.

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.

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

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.

I think the bailouts in 2008 were wrong.

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 did not forsee a day where the government had to intervene to bail out basically everybody.

As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.

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.

There is no one in America more qualified to talk about bailouts than Mitch McConnell.

If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.

When the banks grow to or when these financial institutions grow to such a size that they can't sustain themselves, or what have you, they have problems, economic problems, or financial problems, they shouldn't be able to look back to you and I, the taxpayer, to be bailed out.

TARP became so politicized that having money from it was almost like a scarlet letter. There were debates over compensation, worry that the rules were going to get changed. All the banks were desperately rushing to get that money back as soon as possible - in part, so they could pay themselves bonuses without any government restrictions.

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.

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.

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.