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Government investment unlocks a huge amount of private sector activity, but the basic research that we put into it work that led to the internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in r&d that led the biotech and pharma jobs. and it creates jobs and it creates new technologies that will be productized. but the government has to prime the pump here. the basic ideas, as in those other industries, start with government investment.
-Bill Gates
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Government Investment Unlocks A Huge Amount Of

Bill Gates
Government investment unlocks a huge amount of private sector activity, but the basic research that we put into it work that led to the internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in r&d that led the biotech and pharma jobs. and it creates jobs and it creates new technologies that will be productized. but the government has to prime the pump here. the basic ideas, as in those other industries, start with government investment.
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I never said it. honest. oh, i said there are maybe 100 billion galaxies and 10 billion trillion stars. it's hard to talk about the cosmos without using big numbers. i said "billion" many times on the cosmos television series, which was seen by a great many people. but i never said "billions and billions." for one thing, it's too imprecise. how many billions are "billions and billions"? a few billion? twenty billion? a hundred billion? "billions and billions" is pretty vague. when we reconfigured and updated the series, i checked-and sure enough, i never said it.
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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.
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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.
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The insurance companies make about $15 billion a year. they have doubled their profit margin under obamacare. and so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. and i just think that's wrong. i just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. an analogous situation would be this: we all complain that new cars cost too much. why don't we have a new car stabilization fund and give $130 billion to car companies?
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We've got the emphasis on the wrong syllable when it comes to crime in this country. the fbi says burglary and robbery cost u.s. taxpayers $3.8 billion annually. securities fraud alone costs four times that. and securities fraud is nothing to the cost of oil spills, price-fixing, and dangerous or defective products. fraud by health-care corporations alone costs us between $100 billion and $400 billion a year. no three-strikes-and-you're-out for these guys. remember the s&l scandal? $500 billion.
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The country doesn't owe you anything because you're an american or especially because you have a college degree. now, if you think... if you are a college student and you've got a degree and you're out there and you can't find a job and if you think - if you agree with obama that the bush tax cuts ought to sunset - $700 billion ought to be taken out of the private sector and sent to obama, then you deserve to be out of work for the rest of your life because that $700 billion taken out of the private sector could be used to grow businesses and hire people.
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