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" Why is Caterpillar bad if we create a new job in India or China to receive U.S. exports? It makes no sense to me. We want to drive all the exports we can from the United States. We want to concentrate on all those consumers, outside contractors, customers outside the United States that we possibly can. "

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" Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. I believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer dollars. "

Douglas R. Oberhelman

Investment

Believe

Wise

" All of our competitors around the world, every country is investing more in infrastructure as a percentage of their GDP than we are. And down the road our children and grandchildren will have to compete with that more and more. "

Douglas R. Oberhelman

World

Grandchildren

Children

" We're going to have to raise revenues in some form or fashion, and we're going to have to cut spending, including entitlements of all kind, including the military. We all know this. Lets get on with it. "

Douglas R. Oberhelman

Going

Fashion

Kind

" I am a human being. I started out with virtually nothing. I worked my way up like so many businesspeople have and made ourselves great in this country. And that is what we have to make sure we preserve for our grandchildren and future generations all the way through. "

Douglas R. Oberhelman

I Am

Future

Grandchildren

" Caterpillar exported $20 billion of goods in 2011, all by American hands and American workers, to all over the world. In order to do that, we have to create jobs in all those countries that we export to, to be able to sell there. "

Douglas R. Oberhelman

Hands

Create

World

" Inflation was driven by higher labor costs, not higher goods costs. Frankly, I'd love to see a little bit of that. Because I'd love to pay people more. I'd love to see rising wages for everybody. "

Douglas R. Oberhelman

See

Labor

Driven

" I, for one, believe that revenue has to increase. I think every American would pay more if they thought spending was going to be cut and the budget brought to balance. "

Douglas R. Oberhelman

Think

American

" We spend a lot of time training and retraining. It's heartbreaking because our education system has failed all of us. And again you go to China, even Mexico, Brazil the education systems are valued - ours are not in this country at K-12 level. It's amazing how that change has transpired in my lifetime. "

Douglas R. Oberhelman

Training

You

Time

" I always try to communicate to our people that we can never make enough money. We can never make enough profit. "

Douglas R. Oberhelman

Try

People

Money

" I, for one, struggle a little bit with a $250,000 education for a philosophy degree. They are a wonderful people, but we can't employ philosophers in manufacturing in the United States. We need a one- or two-year technical add-on for a high school. "

Douglas R. Oberhelman

School

Struggle

People