Leon Cooperman
๐ค SpeakerAppearances Over Time
Podcast Appearances
So, you know...
Well, I think the needs are even greater.
The government has reduced funding for
dramatically and the needs are growing.
I caught on TV the other day, the mayor of Los Angeles said something like there's 50,000 homeless people in LA and they're looking to wealthy people to help cover the cost.
And I said to myself, my God, the state of California has the highest state income tax in the country and they can't afford to pay the bills.
So I think the private sector has to step up and the government has to kind of reduce their cost of living.
not an easy thing to do.
We've had inappropriate policies on both sides.
I think what Trump is objected to by many people, I think he understands the need to do something, and I just think he's doing it the wrong way.
Well, I have a long list of things I support.
One of the things that I like the most, other than New Jersey Foreign Law Center, is I created something called Coopman College Scholars.
And so basically, if you live in Essex County, New Jersey, and you take a three-week free course offered to explain what to expect when you're in college, and you're academically qualified, I'm big on giving people equal opportunity, but not equal outcomes, that we'll give you a four-year college education for free.
And so, you know, now you ask for measurements.
So I did, I gave that program $25 million seven years ago.
And I told them I knew the statistics, 35% new type of case,
35% of Newcastle kids went to college, only 5% graduated.
I told him I worked too hard for this money for 5% graduation rate.
He had to show me a change.
Well, our first cohort graduated a year ago, and we had a 35% graduation rate, which is competitive nationwide.