"Let's go back to 2008, because it's important to understand the past to understand the present."

"There was a period of unprecedented spending and entitlements- you saw a frustration in the asset management community with the expansion of government that took place under George Bush. The embracing of the Democrats then was a hope and a wish to return to the policies of President Clinton, who demonstrated a fiscal conservatism we haven't seen in a long time in this country. The frustration with Obama is that the administration is taking the spending levels of the Bush era and multiplying them by some multiple. We are greatly concerned about the fiscal stability of this country...We need to move quickly before we reach the point of no return. I believe that's what's driving the public demonstration of hedge fund frustration."