You're watching...
WL Ross & Co. CEO Wilbur Ross on what is needed to boost optimism about the economy’s outlook.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- high is a -- didn't come from editing -- Wilbur Ross is one of the richest people on the planet and he got that way because he has about -- investment -- I could go into all that Wilbur Ross doesn't look at what he sees.
I could tell you about all the money -- to charity.
He doesn't want to talk about that here's something -- you -- a local laws.
He buys into technologies and industries.
-- company's others abandoned -- think you're going nowhere fans.
And turns them around he is like a Bain Capital only richer.
-- -- very good to have you I don't fitness and you know from.
You know other crap is that.
-- ideas are just greedy fat cats and the Democrats are saying you don't want you don't wanna be part of the party that appeals to them.
What do you think of that.
Well I think it's just silly and and it's about the only thing that they can say.
Their attitude is what negatives -- Republicans.
Obviously don't have anything positive.
Going for them.
But what they seem to be saying is that its billionaires -- guys that -- disproportionately.
Benefited in our society needed bill that or whatever you know.
Cannot around we go and and that you are.
The problem and we've got to address the problem by going after tax and guys like you.
That's right if they get rid of employers he'll be very good for the employees' right annual explaining why a lot of the guys you know at it.
Maybe not quite up to your -- but all of them -- read it sit and generally reluctant.
This stand what did you mean by that and what's keeping them back there.
And certainly.
People can adjust to good news businesses can adjusted bad news uncertainty is very very different.
We're willing to compete in any -- loans to -- the rules.
Can't keep changing the rules.
The rules that most -- be changed our what.
Well health care nobody's really sure what that -- means my own guess is it's gonna cost people more.
Because that's the history of all government programs.
-- within certain -- attacks and certainly.
The worst of all this regulatory and certain.
You heard this -- here the floor about the Keystone Pipeline.
This no good reason that was -- decide.
If you wanted to go against this goes against that could decide that.
There's no reason only one export permit through its shale gas has been -- institution you know.
There's money -- any -- shale gas could transform.
Our entire.
Well you're right about the but I icy water rates what it's reviewing incidents that I adults that you didn't Q would it says he will ready business advice I can -- you actually -- you -- else.
But I do think it'll -- is -- comes down to work.
Human beings are united in that we -- -- by.
Like here and hope.
-- if we're afraid we don't spend if we're hopeful we do.
If we had something look forward to it will take a -- -- it will invest if we don't we'll thank sites where money.
What do you need to do loans.
To get people to look forward to something to open their wallets.
And businesses to hire down -- even folks at home -- what what you need to do.
So first of all people need to have confidence in the government in the administration.
Should nobody has confidence in the decision.
One thing they would like to say.
One thing -- this is a lot less regulation.
All of which -- They make it harder to lose lose melodies.
And there's no mine is -- nuisance to most of.
Forward we'll -- it was good seeing my friend good luck I don't know what's happened here career but whatever the proceeds that I didn't you have to.
-- of Wilbur Ross ten -- -- story a rags to riches story.
That's our country -- -- that so again I don't -- when -- on the left or right.
Yes that's in doing that and it's amazing.
Amazing just.
