PrintNovember 20, 2009
Entrepreneurs Go on Strike
Can Barney Frank Dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do so.So what? This ridiculous image speaks to the business malaise infecting the economy since Obama took office. The point is that politicians are equally ill-equipped to run the auto industry or the health industry or the lending industry or the insurance industry -- and their determination to do so is sucking all the dynamism from the entrepreneurial class in this country.With the threat of this administration and congress, what is the possible motivation for anyone with ideas and capital to invest his time, talent, and money into a risky endeavor? There appears to be none. In fact, there appear to be powerful incentives not to invest any time or treasure -- thus an economy with almost zero creative inertia.For Obama voters, almost zero creative inertia...(Read Full Article)
