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We've been so preoccupied with getting the government to behave in a fair and democratic way, we were not able to focus on the private sector where most of the jobs are, where most of the wealth and opportunities are.

Public education is an investment in our future.

We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.

We're throwing money down a rat hole drain of public education! We lead the world in public education spending. We lead the world in getting the least for it.

My own belief is that the way we grow the economy, create jobs, create wealth is in the private sector. The government doesn't do that.

I think we need to significantly reduce the regulatory burden on the private sector. The Obama administration is doing the opposite. They're loading on more and more regulation on the private respect to how the economy functions.

It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society.

We cannot get serious about helping the private sector create quality jobs without focusing first on the main drivers of our economy - the American middle class and those struggling to enter it.

As a society, we can and should invest more money in education.