In principle there are only three main components of spending that much matter to monetary policy: consumer spending business investment and exports and trade.

If you have a line of business - I know this as a CEO - or if you have a teenager - I know this as a parent - who have a spending problem what do you do? You quit giving them money.

My approach to cutting spending as president is to do a ten percent across the board cut of all federal agencies and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget.

There's another way we are getting behind business - by sorting out the banks. Taxpayers bailed you out. Now it's time for you to repay the favour and start lending to Britain's small businesses.

I started out mopping floors waiting tables and tending bar at my dad's tavern. I put myself through school working odd jobs and night shifts. I poured my heart and soul into a small business. And when I saw how out-of-touch Washington had become with the core values of this great nation I put my name forward and ran for office.

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down simply by spending his money somewhere else.

Well I started conducting kind of by accident. I wanted to give myself a special birthday present for my fortieth birthday and I was living in San Francisco at the time and I started attending some of the concerts and then simply dropping hints.

I stood up as best I could to their disgusting stupidity and brutality but I did not of course manage to beat them at their own game. It was a fight to the bitter end one in which I was not defending ideals or beliefs but simply my own self.

Laughter is not a bad beginning for a friendship and it is the best ending for one.

Laughter is not at all a bad beginning for a friendship and it is far the best ending for one.