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Ted Cruz: “I believe we would have lost our money [if the government…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Published | Video Starts at 03:53

And so if. If we'd ended up giving $500 million to Spirit and having the federal government own 90% of Spirit number one, I believe we would have lost our money [if the government bailed out Spirit Airlines]. In fact, I had said, somewhat cynically, a better idea was simply to put $500 million in a pile on the floor, pour gasoline on it and light it, because then at least you'd get some warmth. (03:53–04:04)

CLAIM

Asserts that the bailout would have resulted in financial loss.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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