A Quote by Warren Buffett
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.
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The country doesn't owe you anything because you're an American or especially because you have a college degree. Now, if you think... If you are a college student and you've got a degree and you're out there and you can't find a job and if you think - if you agree with Obama that the Bush tax cuts ought to sunset - $700 billion ought to be taken out of the private sector and sent to Obama, then you deserve to be out of work for the rest of your life because that $700 billion taken out of the private sector could be used to grow businesses and hire people.
Well, Congress gave us a billion dollars to dig the hole, this gigantic hole. Bigger, much bigger than the hole in Geneva, Switzerland. Then they canceled the machine and gave us a second billion dollars to fill up the hole. Two billion dollars to dig a hole and fill it up. That is the wisdom of the United States Congress and it really makes you wonder: Is there intelligent life on the Earth? Certainly not in the United States Congress.
At the beginning of the 20th century, there were less than 3 billion people on the earth, closer to 2 billion. By all measures that we can come up with right now,. with the lifestyle and consumption pattern of the Western industrial civilization, we can probably sustain about 2 billion people on this earth. We already have over 6 billion. China and India are aspiring to come on as industrial nations, aspiring to the lifestyle of the Western world, and it simply can't happen.
Six billion of us walking the planet, six billion smaller worlds on the bigger one. Shoe salesmen and short-order cooks who look boring from the outside - some have weirder lives than you. Six billion stories, every one an epic, full of tragedy and triumph, good and evil, despair and hope. You and me - we aren't so special, bro.
What we forget is that African Americans made the largest contribution to America, economically, before the Civil War of any sector of society. I read that the railroads were worth about $2 billion, but slavery was a $3 billion asset.
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.
If we could magically transport ourselves back to the young Earth, when it was only a billion years old or two billion years old or three billion years old or four billion years old, we wouldn't be able to survive. We would have a hard time surviving if we were transported to the time when dinosaurs were around.
Uganda's budget is 40 percent aid-dependent. Ghana's budget is 50 percent aid-dependent. Even if you cancel the debt, you don't eliminate that aid dependency. This is what I mean by getting to the fundamental root causes of the problem. Government, the state sectors in many African countries need to be slashed so that, you know, you put a greater deal of reliance on the private sector. The private sector is the engine of growth. Africa's economy needs to grow but they're not growing.
The long term sustainable growth in job creation comes from the private sector. It is important that the Obama administration partner with the private sector and come up with the best possible ideas for creating jobs.
Man's inhumanity to man is as old as humanity itself. Some people just do evil things. Most do not. A billion people have seen 'Batman' movies over the past 20 years, and they have been entertained and inspired. One man saw it as a sick entry point for mass murder. The one is tragic. The billion are not. I choose to write for the billion.
We right now give $15 billion every year as subsidies to private insurers under the Medicare system. Doesn't work any better through the private insurers. They just skim off $15 billion.
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.
There are 6.6 billion people on the planet today. With organic farming we could only feed four billion of them. Which two billion would volunteer to die?
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.
If everyone agreed to become vegetarian, leaving little or nothing for livestock, the present 1.4 billion hectares of arable land (3.5 billion acres) would support about 10 billion people.
The private sector must play a role in ensuring the prosperity and health of the people who comprise its market. It is time for the private sector to become a proactive partner contributing to the efforts of governments and philanthropies.
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