A Quote by Warren Buffett
I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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I understand fully that jobs are created by the private sector, having been all my life in the private sector, but I don't buy the argument that the state has no role to play.
People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.
I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.
We want the private sector to be able to invest. The private sector works quite well.
What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand.
Ben Carson seems pretty proud that he knows how big the Medicare budget is. All that money goes to the private sector, but Carson seems to think the private sector would do a lot better if...something. I'm not quite sure what.
I was warned by the private sector that we would fail and would fail badly. 'The state can't run a railway,' I was told. Well, they were wrong.
I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.
I would argue that in the cyber arena, the need for private sector partnership is higher than really anywhere else of any program we have. So, the reality is we couldn't do what we do without the private sector, and vice versa.
In World War II, the government went to the private sector. The government asked the private sector for help in doing things that the government could not do. The private sector complied. That is what I am suggesting.
Who wants good people in government? Good people should be in the private sector. Helping us out, helping themselves out in the private sector. We want schmoes in government. We want people who can't find the doorknob. Why waste productive people, as well as looting the taxpayer?
Even CEOs police their own bureaucracy. Trump is not that. He does have more in common with these guys than most elected officials would have, particularly in the Obama administration. Obama didn't have anybody that'd ever worked in the private sector. All they had is a bunch of theoreticians who thought they were smarter than everybody that runs businesses in the private sector. And who knows what kind of pressure was brought to bear. Remember, Obama's agenda was one that was to be governed against the will of the people.
Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.
The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.
The Obama administration was filled with people that had deep resentment for people successful in the private sector, in business or what have you, with no way of understanding them or relating to them at all, and no desire to. Much of the Washington establishment, particularly the Democrat side of it, has the same view of American business and the private sector. And here comes Donald Trump entering their world, and they are not equipped to understand how he operates or what he's doing. They're plugging him and his business techniques into their political models, and it doesn't work.
I spent my whole life in the private sector, 25 years in the private sector. I understand that when government takes more money out of the hands of people, it makes it more difficult for them to buy things. If they can't buy things, the economy doesn't grow. If the economy doesn't grow, we don't put Americans to work.
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