--- title: "Meaning & Key Takeaway of: If you think about those bailouts that…" description: "\"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 s..." image: "https://sms4smile.com/quotes/i/8cd/angus-deaton-5260_government_if-you-think-about-those-bailouts-that-h_828145.jpg" --- # If you think about those bailouts that happened in 2008… ![“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.” quote by Angus Deaton](https://sms4smile.com/quotes/i/8cd/angus-deaton-5260_government_if-you-think-about-those-bailouts-that-h_828145.jpg) [Download](https://sms4smile.com/quotes/i/8cd/angus-deaton-5260_government_if-you-think-about-those-bailouts-that-h_828145.jpg) [Open image](https://sms4smile.com/quotes/i/8cd/angus-deaton-5260_government_if-you-think-about-those-bailouts-that-h_828145.jpg) > “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.” [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The quote criticizes government bailouts that used taxpayer money to rescue wealthy individuals, highlighting inequality and misallocation of resources. **In simple terms:** Bailouts favored the rich at public expense. Key Takeaway Question fairness in crisis aid. Themes inequality government policy economic justice Mood critical concerned Type political economic When to use this quote - policy debates - tax reform - public budgeting - financial crisis response Key Concepts public finance moral hazard wealth concentration Questions to Reflect On - How should societies balance protecting the economy and preventing elite enrichment? - What criteria should guide emergency financial assistance? A Different Perspective Assumes all bailouts are unjust; some may prevent broader collapse. ★ ★ ★ ★ ★ No ratings yet [Bailouts Happened](https://sms4smile.com/quotes/about/bailouts-happened-534038/) [Enormous Sums](https://sms4smile.com/quotes/about/enormous-sums-534041/) [Expense Enormous](https://sms4smile.com/quotes/about/expense-enormous-534040/) [Government](https://sms4smile.com/quotes/about/government/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Politics](https://sms4smile.com/quotes/about/politics/) [Richest People](https://sms4smile.com/quotes/about/richest-people/) [Situation](https://sms4smile.com/quotes/about/situation/) [Think Bailouts](https://sms4smile.com/quotes/about/think-bailouts-534039/) ## Related quotes > [I think people like Bill Gates, who have given away enormous sums of money, are shining examples for all of us to follow.](https://sms4smile.com/quotes/n-r-narayana-murthy/i-think-people-like-bill-gates-who-have-given-away-enormous-sums-of/) [N. R. Narayana Murthy](https://sms4smile.com/quotes/author/n-r-narayana-murthy/) > [I think the bailouts in 2008 were wrong.](https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong/) [Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/) > [I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented…](https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong-and-i-think-you-look-in/) [Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/) > [The richest people in the world look for and build networks; everyone else looks for work.](https://sms4smile.com/quotes/robert-kiyosaki/the-richest-people-in-the-world-look-for-and-build-networks-everyone/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [“I guess when you’re one of the richest people on the planet, you can buy yourself a window that never shows you anything ugly.”](https://sms4smile.com/quotes/mira-grant/i-guess-when-you-re-one-of-the-richest-people-on-the-planet-you-can/) [Mira Grant](https://sms4smile.com/quotes/author/mira-grant/) > [“The world’s richest people per capita were becoming the world’s most murdered.”](https://sms4smile.com/quotes/david-grann/the-world-s-richest-people-per-capita-were-becoming-the-world-s-most/) [David Grann](https://sms4smile.com/quotes/author/david-grann/) > [Some of the most miserable people I know are some of the richest people in America, they are the most miserable individuals I've ever…](https://sms4smile.com/quotes/chuck-norris/some-of-the-most-miserable-people-i-know-are-some-of-the-richest/) [Chuck Norris](https://sms4smile.com/quotes/author/chuck-norris/) > [“As of early 2016, the sixty-two richest people in the world were worth as much as the poorest 3.6 billion people! Since the world’s…](https://sms4smile.com/quotes/yuval-noah-harari/as-of-early-2016-the-sixty-two-richest-people-in-the-world-were-worth/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [I have found that the richest people I know are also the nicest.](https://sms4smile.com/quotes/t-harv-eker/i-have-found-that-the-richest-people-i-know-are-also-the-nicest/) [T. Harv Eker](https://sms4smile.com/quotes/author/t-harv-eker/) > [President Obama wants to raise taxes on the country's richest people. And you thought Donald Trump hated him before.](https://sms4smile.com/quotes/jay-leno/president-obama-wants-to-raise-taxes-on-the-country-s-richest-people/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world.…](https://sms4smile.com/quotes/peter-lynch/i-can-t-recall-ever-once-having-seen-the-name-of-a-market-timer-on/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“If past history was all that is needed to play the game of money, the richest people would be librarians.”](https://sms4smile.com/quotes/warren-buffett/if-past-history-was-all-that-is-needed-to-play-the-game-of-money-the/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to…](https://sms4smile.com/quotes/robert-orben/every-day-i-get-up-and-look-through-the-forbes-list-of-the-richest/) [Robert Orben](https://sms4smile.com/quotes/author/robert-orben/) > [It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.](https://sms4smile.com/quotes/david-korten/it-is-interesting-to-note-that-the-200-richest-people-have-more/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [“If investors only had to study the past, the richest people would be librarians.”](https://sms4smile.com/quotes/daniel-pecaut/if-investors-only-had-to-study-the-past-the-richest-people-would-be/) [Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/) ## More by Angus Deaton > [I don't think income solely determines health. I think lots of other things determine health.](https://sms4smile.com/quotes/angus-deaton/i-don-t-think-income-solely-determines-health-i-think-lots-of-other/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I, who do not believe in socialized health-care, would advocate a single-payment system... because it will get this monster that we've created out of…](https://sms4smile.com/quotes/angus-deaton/i-who-do-not-believe-in-socialized-health-care-would-advocate-a/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [Many people have mixed views about unions, but unions used to give people some measure of control at work. They gave them a social…](https://sms4smile.com/quotes/angus-deaton/many-people-have-mixed-views-about-unions-but-unions-used-to-give/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I've always - and not always happily - considered myself an outsider. Certainly at Fettes. And then the Scots are always outsiders in England.…](https://sms4smile.com/quotes/angus-deaton/i-ve-always-and-not-always-happily-considered-myself-an-outsider/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [People who have children, by and large, want children. 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If it doesn't work everywhere, we have no idea what we…](https://sms4smile.com/quotes/angus-deaton/a-good-theoretical-account-must-explain-all-of-the-evidence-that-we/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [Growth does not bring any 'automatic' improvement in the health component of wellbeing.](https://sms4smile.com/quotes/angus-deaton/growth-does-not-bring-any-automatic-improvement-in-the-health/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it.](https://sms4smile.com/quotes/angus-deaton/in-scotland-i-was-brought-up-to-think-of-policemen-as-allies-and-to/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [It's hard to know what's going to be replaced by technology tomorrow. It feels like we're all at risk. I feel only safe as…](https://sms4smile.com/quotes/angus-deaton/it-s-hard-to-know-what-s-going-to-be-replaced-by-technology-tomorrow/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [The history of Montana has been of the government giving land grants to people that could not possibly turn it into decent farms. And…](https://sms4smile.com/quotes/angus-deaton/the-history-of-montana-has-been-of-the-government-giving-land-grants/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) > [I have the great good fortune that one of my collaborators in work, Anne Case, is also my collaborator in life.](https://sms4smile.com/quotes/angus-deaton/i-have-the-great-good-fortune-that-one-of-my-collaborators-in-work/) [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) [Explore all 102 Angus Deaton quotes ](https://sms4smile.com/quotes/author/angus-deaton/) ## More Government quotes > [We could form a government of national unity fighting corruption. 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Nuclear bomb fallout radiation.…](https://sms4smile.com/quotes/steven-magee/the-global-population-of-earth-are-involved-in-the-following/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [Philosopher is a dictator who modifies accepted standards with his thoughts.](https://sms4smile.com/quotes/ilkin-santak/philosopher-is-a-dictator-who-modifies-accepted-standards-with-his/) [Ilkin Santak](https://sms4smile.com/quotes/author/ilkin-santak/) > [Right now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. We're concerned about government corruption, government handing…](https://sms4smile.com/quotes/amity-shlaes/right-now-we-re-concerned-about-budget-right-now-we-re-concerned/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [One of the worst things to come out of the Consumer Protection Board's misleading claims is the impression that government resources are to hard…](https://sms4smile.com/quotes/matthew-lesko/one-of-the-worst-things-to-come-out-of-the-consumer-protection-board/) [Matthew Lesko](https://sms4smile.com/quotes/author/matthew-lesko/) > [It is afraid of an informed, angry public demanding the constitutional government it was promised - and it should be.](https://sms4smile.com/quotes/edward-snowden/it-is-afraid-of-an-informed-angry-public-demanding-the-constitutional/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [Louisiana's spicy, colorful politics have saddled our state with a reputation for tolerating lax ethical standards in government.](https://sms4smile.com/quotes/john-kennedy/louisiana-s-spicy-colorful-politics-have-saddled-our-state-with-a/) [John Kennedy](https://sms4smile.com/quotes/author/john-kennedy/) > [Government schools, with your tax money, now discourage the teaching of multiplication tables by rote memorization but teach reading by the 'look-and-say' method which…](https://sms4smile.com/quotes/greg-perry/government-schools-with-your-tax-money-now-discourage-the-teaching-of/) [Greg Perry](https://sms4smile.com/quotes/author/greg-perry/) > [It's easy to say, let's go in and get the bad guys. 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