"President Obama is enamored of government investment in new green technologies, but his problem is timing. It could take years for these efforts to come on stream, including the sorting out of likely winners from losers. Meanwhile, our economy, green shoots and all, could go over a cliff.
As Bill Clinton discovered in the 1990s, private investment can turbocharge an economy, quickly and powerfully. That's why Barack Obama needs to strategically pivot. For starters, he must rein in Washington's new anti-capitalist populism. Then he needs to engage in a new love affair with private sector investment, innovation, and entrepreneurial risk. If he pivots now, he can move us out of this quagmire."
http://money.cnn.com/2009/07/16/news/economy/anti_capitalism_economy_growth.fortune/index.htm?postversion=2009071614
Friday, July 17, 2009
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