Political Quotes

Melvin Watt: What we need to put in context, however, is that Pookies' Parcel Post and Lulu's and Anita's are all private enterprises…

On the recordSeptember 24, 1997
What we need to put in context, however, is that Pookies' Parcel Post and Lulu's and Anita's are all private enterprises in this country. This is one of those times when this notion that we should privatize everything that the Federal Government is doing basically went awry. This program, the DFS program, has been in existence for 15 years. It was put in during the Reagan administration. And now what we have found is that there are certain things that private enterprise cannot do as well as the Federal Government. So on that, I have to agree with the chairman of the committee. It probably never should have been done in the first place. This is too serious a proposition to give out to just anybody.
Said by
Melvin Watt
North Carolina

Editor's note · Context

Discussing the role of private enterprise versus federal government in a specific program during a committee meeting.

Share

More from Melvin Watt

May 22, 2018

What we learned, first and foremost, is that having one foot in the public sector and one foot in the private sector does not work because when you have a foot in the public sector, taxpayers take the risk, and a foot in the private…

congress.gov
May 22, 2018

The real problem was that I think because there was this competition to make money for the private sector, there developed a race to the bottom.

congress.gov
May 10, 2017

There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.

congress.gov
Jan 26, 2015

There is nothing worse, I have found, in this area of the market than uncertainty, and the longer this drags out, the more uncertainty there is.

congress.gov

Other voices in this conversation