Political Quotes

On the recordMay 12, 2010
And you have it up there too. I'm going to end with this: uncertainty, because uncertainty creates a disincentive for people to assume risk. And if they're going to assume risk, that's where bailouts are a failed economic policy because there are two sides of that coin. If you're successful, we want those folks to be rewarded and be able to keep that earned money so that they can grow their business. But if they fail, they fail. Grant failed numerous times. Lincoln failed numerous times. The history of this country is rife with very successful individuals who were not successful in many businesses but didn't turn to government to ask for a handout. I want to thank you. I wanted to come down and visit. I appreciate your yeoman's work on this, and thank you for your work.
Said by
John Shimkus
Republican · Illinois
Source
govinfo.gov
May 12, 2010

Editor's note · Context

The speaker discusses the impact of uncertainty on risk-taking and the implications of government bailouts.

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