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Boston Properties Chairman Mort Zuckerman on the debate over private equity within the presidential election.
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Lasting Bain Capital making Mitt Romney in private wealth seen evil -- may -- the president should take a closer look at his own supporters because.
A lot of them are looking a little Romney has themselves as national -- -- go to air for example.
It was a huge private equity guy leading the charge on multibillion dollar deals some successful some not so this guy making big bucks -- -- deals gone bad.
But the president not saying that was bad.
Weird Mort Zuckerman is a billionaire investor what -- -- -- -- -- -- Well you know has.
My my private equity investors are great your private -- investors are terrible I think the whole argument is ridiculous the fact is that private equity shares are real function and our economy.
And that if you bring -- real concentration of capital on companies that are undervalued or under managed.
And these people have both the capital and the talent to turn them around they have done at some of them have been very successful some -- being less successful Bain Capital was very successful.
To my mind that is an action due -- positive action not a negative it's just the worst kind of politics you know and America.
My of my experience where where whenever when a football games -- baseball games.
We generally tended to -- the -- if this is an administration that -- the winners are never seen anything like it.
It's purely divisive it doesn't make it possible for the country to work together to solvable all of our promised it undermines the confidence.
Of the public in the business in the business world and then the the business confidence in the business world in the administration and we see it.
Do you think he really feels that is the president this.
Anger toward business is so many people is surrounds himself would not so many but a good -- -- come from the world of business comfortable to private -- -- -- -- -- and -- didn't and don't say that there is anything.
But he has a particular political agenda which we all have to understand the country -- really upset about how bad the economy being so who with a gonna blame.
If fewer and the government you're the president -- just -- -- have been blamed business instead of the government.
He doesn't want the government to be blamed -- his whole idea of how to shift the whole dialogue so that we blamed business and believe blame private equity people and everything like that.
And the 1% however there's but -- divisive we need the country to pull together and what he is doing is dividing the country.
He is still undermine the confidence not just a big business but of small business in the country's future.
That both that Stanford and that the University of Chicago.
They measured the consequences of what they called regulatory and political uncertainty.
And we lost over two million jobs just because of that and that's being created by this administration.
What do you see happening now to win guys like -- over.
And you started on his side -- what does he have to do was to let you know to my mind at this stage of the game we've seen.
We're really would that both the best and the worst of this administration.
And I came to the conclusion -- actually quite a while ago.
That this administration was just not up to the job of dealing with the challenges facing America how soon might you caught up whatever it was -- -- really at the end of the first -- when I saw that he was playing politics with the issues rather than solving the issues.
When are I saw that he focused.
On health care at a time -- the whole economy needed.
That on.
Qualified attention of the American public and of American politics.
And when I saw for example when we had a chance to deal with the budget deficits in the budget -- -- we are accumulating.
Which with the Bowles Simpson plan well he wouldn't -- -- the commission that he set up he wouldn't even meet with them so he wasn't doing it.
The because he really wanted to live deal with the issue he was doing it for political when you're -- -- -- it sounds like it's too late for him to make inroads here I don't think he's gonna make I don't think he's gonna make inroads with the likes me a lot of people who were Democrat -- a Democrat all my life.
Have really given up on this administration what are they need more like -- -- -- soon.
-- like yourself and and -- what Q and you what are they wanna see.
-- they wanna see somebody who's just going to be a grown up I mean somebody's gonna just manage the country.
For the for purposes of trying to get this country back on track and to be willing to do a few things that may actually have a political cost to them.
Knowing that if you went beyond the first two weeks in the first two months.
You might actually get to a position where the country was doing better and therefore you we get credit -- the way people like frankly Bill Clinton did.
Bill Clinton introduced.
Budget deficit reduction -- in his first few and I office rent you know and he took a big hit for it.
And he's -- that's his -- Eisenhower Republicans in alike get right.
But he -- -- you establish a platform from which the economy began to take off.
That's what we needed Ronald Reagan did the same thing if you remember Ronald Reagan and Tip O'Neill got together and resolve the whole issue of Social Security for three decades where -- None of that has appeared in this administration.
-- -- to put 2000 may be on Obama if I'm Mort Zuckerman always goods.
