Corporate Bailouts Quotes

Ex-Im Bank doles out billions of dollars of loans and insurance subsidies every year and has become the poster child for corporate cronyism in Washington. Think of the bank as food stamps for America's Fortune 500 companies.

Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.

People talk about Wall Street greed, but one of the things many people don't understand is that there are a lot of organizations that have been the recipient of largess from the same Wall Street.

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.

Corporate welfare, I think, is a disaster for this country. It's crippling our economy. It is contributing to a permanent underclass and corrupting the business community.

We oppose any subsidy or national aid to any private corporation for any purpose.

Welfare distorts behavior, makes one less personally responsible and reduces the role of private charity. This principle applies to corporate welfare.

I have never believed in the fallacy that the federal government can buy its way out of economic troubles through needless spending. For that reason, I am proud to oppose 'stimulus' packages and endless corporate bailouts, which will do little but weaken the long-term integrity of the American economy.

When things are going well, the companies stress the idea of free enterprise, with no need for government regulation. But when things aren’t going well, they suddenly become a close partner with the government and want it to bail them out. All they have to do is threaten to collapse and the government pours in more money.

Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.

For example, the insurance industries and the big banks are absolutely euphoric now - on the business pages they don't even conceal it - because they've succeeded in coming out of the crisis even stronger than they were before, and in a better position to lay the basis for the next crisis. But they don't care, because they'll get bailed out again. That's class consciousness with a vengeance.

You can't have some institutions that are protected by the law, not allowed to fail, and not held to account, and all the other companies in America are allowed to fail. You can't have equal justice under law and too big to fail.

The idea that either individuals or organisations are 'too big to fail' or that the tech and start-up sector is somehow different is wrong.

I'm against corporate welfare.

Thousands are losing their jobs and homes, while corporations are being bailed out with billions of dollars.

This is America. We don’t disparage wealth. We don’t begrudge anybody for achieving success. And we certainly believe that success should be rewarded. But what gets people upset – and rightfully so – are executives being rewarded for failure, especially when those rewards are subsidized by U.S. taxpayers, many of whom are having a tough time themselves.

We've seen the government give out subsidies to companies, those companies turn around and use it for executive bonuses.

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.

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.