In Business, I Look For

You've Got The Right - You've Got A Wonderful Person With Sheila Bair, Most Of The Viewers Have Never Heard Of Sheila Bair. [she] Has Taken Eight Percent Of The Deposits In The United States And Seamlessly Moved Those Over To Sound Institutions Which In Turn Have Gotten More Capital, Ended Up, It's Been A Magnificent Job.she'll Never Get A Golden Parachute Or Any Severance Pay Or Anything. She's Done A Great Job. We've Got Some Great Public Servants. We Have I Think The Right People In There To Get The Job Done, And Then They Need More Tools.

An Argument Is Made That There Are Just Too Many Question Marks About The Near Future; Wouldn't It Be Better To Wait Until Things Clear Up A Bit? You Know The Prose: "maintain Buying Reserves Until Current Uncertainties Are Resolved," Etc. Before Reaching For That Crutch, Face Up To Two Unpleasant Facts: The Future Is Never Clear And You Pay A Very High Price For A Cheery Consensus. Uncertainty Actually Is The Friend Of The Buyer Of Long-term Values.

I Think The Congress Will Do The Right Thing. I Think That They've - You Know, They Got Into Certain Arguments And They Start Worrying About Assessing Blame, And There Is A Little Demagoguery, But In The End, Something This Important, They'll Do The Right Thing. So This Really Is An Economic Pearl Harbor. That Sounds Melodramatic, But I've Never Used That Phrase Before. And This Really Is One.

We Have To Live With The Rest Of The World. And It's A Mistake, In My View. Trade Has Generally Developed In This Country. We Actually Export 12 Or 13 Percent Of Our Gdp. It Was Only 5 Percent In 1970. But It Benefits Us. It Benefits The Rest Of The World. It Doesn't Benefit The Steelworker Maybe In Ohio. And That's The Problem That Has To Be Addressed, Because When You Have Something That's Good For Society, But Terribly Harmful For Given Individuals, We Have Got To Make Sure Those Individuals Are Taken Care Of.

I Think People - What People Want To Do Is Make [economy] Get Worse.