Thursday, June 4, 2009

Obama's America: Too Fat to Fail


"Without exception, the Obama people with responsibility for the private economy come from a lifetime in politics, public administration or academia."

"Besides Mr. Obama himself, the list includes Tim Geithner, Larry Summers, Peter Orszag, EPA's Lisa Jackson (16 years with EPA), Commerce's Gary Locke (zero private experience), or Transportation's Ray LaHood (14 years in the House). The bio for Agriculture's Tom Vilsack says he "has served in the public sector at nearly every level of government." How can the private sector -- especially the world of risk capital, sweat equity and start-ups -- be anything but an abstraction for this group?"

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