Prince Alwaleed bin Sultan,a leading investor in U.S. companies,has been expressing his thoughts about the state of the country he clearly feels deeply involved with.The prince,who will be 55 in March,said he's not sure the U.S. is on the right track.It is down,but not out.Mr.Obama needs more time.He has a tremendous amount on his plate:the deficit,the health care situation,as well as the financial crisis.There are so many issues under the table:Social Security,Medicare-they are time bombs.I'd like to get health care behind us and focus on job growth and the Middle East,Prince Alwaleed remarked.
President Obama has to prove he is as tough as former president George W. Bush was,the prince feels.The U.S. cannot be at all lenient on terrorists.Thank God their latest attempt was prevented.On the other hand,profiling is wrong.Remember Oklahoma City bomber Timothy McVeigh?Are all Oklahomans terrorists?the prince asked rhetorically.
Prince Alwaleed,a slight man with a full head of salt-and-pepper hair,owns 5.7% of NewsCorp,parent of Fox News and The Wall Street Journal.He considers it an alliance.It's a core,strategic investment that will never be sold,he insisted.It's a well-run empire by Rupert Murdoch and son James.Prince Alwaleed also owns stakes in Time Warner Communications and Citigroup.The owner of a stable of fine horses,the prince is more than an investor in the U.S.;his evident passion and knowledge confirms that he is also a close friend of America.
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