John Malone on the incompetent Barack Obama

I don't think he should have been elected in the first place. I think he's incompetent. But now, I've thought that of the last couple presidents. [Obama's administration] is all academics and lawyers. I'm afraid that our real problems are systemic and long‑term. And lawyers are primarily trained in fighting over the pie, not making the pie bigger. And this country definitely needs to think about making the pie bigger.

~John Malone, chairman, Liberty Media, WSJ, July 21st, 2010

John Malone on the monetary race to the bottom

I think we're enjoying right now the fact that it's a race to the bottom with Europe. The concern about the Mediterranean countries, I think perhaps is overdone. But it led to a flow of cash into the U.S. and therefore strengthening the dollar.

And keep in mind you have all these corporations that are cash rich now because they fear for the worst. So they've built up cash hoards. But where do they put the money? They put it in money-market funds. What does the money market invest in? Short-term government securities. That's how we're financing this federal deficit.

~John Malone, chairman, Liberty Media, WSJ, July 21st, 2010