A Quote by Ronald Reagan
We have to realize that this country in its private sector has been fighting the most successful war on poverty the world has seen for the last 200 years.
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It's just the banks who are the latest target of the American socialist left. There is a war on the entirety of the private sector. It is the private sector that employs most of you, that services most of you, that creates the economic prosperity that our nation has enjoyed - and there is a war on that private sector, and it's being waged from the Oval Office, and its foot soldiers are on Wall Street and in other cities around the country.
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 I care about poverty, I have to care a lot about investments in the private sector. The private sector creates the vast majority of jobs in the world, and social protection only goes so far.
Private sector unionization is down to practically seven percent. Meanwhile the public sector unions have kind of sustained themselves [even] under attack, but in the last few years, there's been a sharp [increase in the] attack on public sector unions, which Barack Obama has participated in, in fact. When you freeze salaries of federal workers, that's equivalent to taxing public sector people.
Around the time President Lyndon B. Johnson was declaring a War on Poverty in the 1960s, federal, state and local governments began accelerating a veritable War on the Private Sector.
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.
We think there are better solutions to fighting poverty because we see what the War on Poverty has produced. It produced tens of trillions of dollars in spending. It has been a 51-year exercise, and yet the poverty rates in America today are not much better than when we started the War on Poverty.
There has been a huge attack against private sector unions. Actually, that's been going on since the Second World War.
The governments are seen to be less effective than they used to be. The private sector is perceived as being so much more efficient, and so globalization implies a transfer of power to the private sector.
The fact is that America has been at her most prosperous when government and the private sector have been not at war, but in a wary, if often underplayed, alliance. History is unmistakable on this point.
Small and mid-sized companies in this country historically have been responsible for creating the overwhelming majority of new jobs in the private sector. One of the most-common misconceptions about our private enterprise system is that large companies, such as the Fortune 500, are integral to the process of job creation in this country. The truth is quite the opposite.
I have seen war. I have seen war on land and sea. I have seen blood running from the wounded. I have seen men coughing out their gassed lungs. I have seen the dead in the mud. I have seen cities destroyed. I have seen 200 limping, exhausted men come out of line—the survivors of a regiment of 1,000 that went forward 48 hours before. I have seen children starving. I have seen the agony of mothers and wives. I hate war.
Liberals cling to the idea that critics of welfare are motivated by greed or callous disregard for the less fortunate. In fact, during the twenty-five years that followed Lyndon Johnson's declaration of war on poverty, U.S. tax payers spent $3 trillion providing every conceivable support for the poor, the elderly, and the infirm. Private foundations spent scores of billions more, and private and religious charities even more. Nevertheless, as Ronald Raegan later quipped, 'in the war on poverty, poverty won.'
My father has been out of office for 25 years and I've been working in the private sector. I've been raising a family and I've been working in the charitable sector as well.
Al Gore's problem, in my view, is that he never liked politics. He's actually deeply uncomfortable in it but felt he had to do it because of his father. He's much more comfortable in a private sector role and has, in fact, been much more successful in a private sector role, and I admire him for that.
Let me say that I think the economic history of the last 150 years clearly shows that if you want to industrialize a country in a short period, let us say 20 years, and you don't have a well-developed private sector, entrepreneurial class, then central planning is important.
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