People are not going to reelect Barack Obama. But will the new president govern as a real conservative? We're going to have to apply the heat to make sure.

A promise made should be a promise kept.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

You don't change minds in Washington with sweet reason. You do it to the white light of public opinion

Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble.

As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.

Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.