Nightly News | November 22, 2011
Langone: US to recover when Obama leaves
Billionaire investor and Home Depot co-founder Ken Langone told CNBC the United States will get back on the road to recovery once President Obama leaves the White House. NBC’s Brian Williams reports.
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This content comes from a Full-Text Transcript of the program.
BRIAN WILLIAMS, anchor: Well, here's something you don't hear every day because people usually don't say it out loud. Ken Langone is a businessman, co-founder of Home Depot , a philanthropist and an ardent foe of President Obama . And this morning on
"Squawk Box" on CNBC, under questioning by Andrew Ross Sorkin, he said this: If we change the faces in the White House , we're on the road to recovery.
Mr. KEN LANGONE (Home Deport Co-Founder): You think it's that simple?
ANDREW ROSS SORKIN reporting: I believe it's that simple. We need leadership, we need cheerleading, we need encouragement. We need businessmen and fat cats ...
Mr. LANGONE: Right.
SORKIN: ...to feel like their doing something good. Not that their villains and not that they're criminals.
Mr. LANGONE: As you might imagine, people had at Mr. Langone all day. The writer John Cook on the website Gawker said, "Why should fat cats feel badly about getting fat while the middle class taxpayers who financed that bailout slide into poverty? They need to be made to feel good about earning record profits. It's hard enough without cheerleaders," end of quote.
WILLIAMS: