Quotes by Steven Rattner

About Steven Rattner:

Steven Lawrence Rattner is an American financier who served as lead adviser to the Presidential Task Force on the Auto Industry in 2009 for the Obama administration. He was a managing principal of the Quadrangle Group, a private equity investment firm that specialized in the media and communications industries. Prior to co-founding Quadrangle, he was an investment banker at Lehman Brothers, Morgan Stanley, and Lazard Freres & Co., where he rose to deputy chairman and deputy chief executive officer. Rattner began his career as a journalist for The New York Times.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financi...

Steven Rattner

Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.

Steven Rattner

The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a napkin - that cutting taxes would lead to higher tax revenues.

Steven Rattner

From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves.

Steven Rattner

Thanks to decades of accumulated federal budget deficits and, more significantly, imprudent Medicare and Social Security policies, we've stolen almost $60 trillion from our children.

Steven Rattner

To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the...

Steven Rattner

Most troublesome is the legalization of 'crowd funding,' the ability of start-up companies to raise capital from small investors on the Internet.

Steven Rattner

The largest number of jobs likely to be created by the JOBS Act will be for lawyers needed to clean up the mess that it will create.

Steven Rattner

China has lunged into the 21st century, while India is still lurching toward it.

Steven Rattner

Visits to crowded Indian urban centers unleash sensory assaults: colorful dress and lilting chatter provide a backdrop to every manner of commerce, from small shops to peddlers to beggars.

Steven Rattner

India's rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.

Steven Rattner

The weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and political themes of 2012.

Steven Rattner

Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between top executives and shop floor laborers; between 'Master of the Universe' financiers and pretty much e...

Steven Rattner

Slapping a catchy acronym like the JOBS Act on a piece of legislation makes it more difficult for politicians to oppose it - and indeed that's what happened with the Jumpstart Our Business Startups Act.

Steven Rattner

Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it's pure folly. Buy a lottery ticket instead. You...

Steven Rattner

To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.

Steven Rattner

Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.

Steven Rattner

Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of i...

Steven Rattner

Finally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as possible, markets do occasionally fail, and when they do government can play a constructive role, as i...

Steven Rattner

The highest-income Americans don't need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds.

Steven Rattner

Author Bio

  • NameSteven Rattner
  • DescriptionAmerican private equity and venture capital investor
  • BornJuly 5, 1952
  • CountryUnited States Of America
  • ProfessionJournalist