Mike Gallagher Quotes

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

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

Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.

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 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 never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

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 do not understand how it is that financial institutions could think that they could take taxpayer money and then turn around and act like it's business as usual. I don't understand how they can't see that the world has changed in a fundamental way, that it is not business as usual when you take taxpayer dollars.

We bailed out the S&Ls. Why can't we bail out my city?

The Bush White House sold out the birthright of the Republican Party by bailing out Wall Street.

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

I turned on Wall Street for the same reason everybody else did: The American taxpayer was forced to cut mook deals to bail out guys who didn't deserve it.

I opposed the bailout of banks and car companies.

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.

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.

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

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.

The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?

If there is one person in Nigeria that believes that petroleum prices should not go up by one naira, it is President Buhari.

The railways should be run in the best interest of passengers and, overall, taxpayer's money should be spent improving the network, not subsiding it.

In 1980, aided by $1.5 billion in loan guarantees from the U.S. government and his own pitchman routines on television, Lee Iacocca brought Chrysler back from the abyss.

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.

Government can only spend a dollar to help someone when it forcibly takes a dollar from someone else.

If debtors can reasonably expect that the government will swoop in from time to time to bail them out, no one has any incentive to pay his debts.