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Steven Rattner Biography

Steven Lawrence Rattner (born July 5, 1952) 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 is currently Chairman and Chief Executive Officer of Willett Advisors LLC, the private investment group that manages billionaire former New York Mayor Michael Bloomberg's personal and philanthropic assets. He continues to be involved in public policy matters as the economic analyst for MSNBC's Morning Joe, and as a contributing opinion writer for The New York Times Op-Ed page.

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Steven Rattner Quotes

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.

Business Success, Centers, India, Jobs, Jousting

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 interventions, particularly in the industrial sector.

Auto, Avoid, Bail, Government, Principles, Subscribed

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.

Children, Deficits, Security, Social, Thanks

Indias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.

Acceptance, Fosters, India, Indias, Intergenerational, Mobility

Well, maybe not death panels, exactly, but unless we start allocating health-care resources more prudently – rationing, by its proper name – the exploding cost of Medicare will swamp the federal budget.

Budget, Cost, Exploding, Names, Population, Swamp

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 it did in the case of the auto rescue.

Case, Government, Mind, Play, Role

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

Economic, Economic Inequality, Gridlock, Political, Presidential, Widening

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 financial health - should provide those funds.

America, Funds, Long, Recession, Successful

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 everyone else.

Eye, Financiers, Income, Inequality, Pay Gap, Top

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

Income, Insurance, Interest, Needs, Retirement, Taxation

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

21St, Century, China, India, Toward

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. Your chance of winning is likely to be higher.

Individuals, Instead, Likely, Running, Tickets, Winning

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

Crowds, Funding, Internet, Troublesome