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Comment by wd40 | Hacker News Reader

Amazing post - perfectly posited imo. The most powerful lines for me:

"Entrepreneurs that start and run small businesses will be the propellant in this economy. PE Obama needs to have the counsel of those who will take the real risk inherent in creating companies and jobs. Those who put their money and lives on the line with their business...Your current group has no one with 100pct of their networth on the line. I promise you that the possibility of losing it all will provide a completely different perspective than any of the “knowledge” the esteemed, learned members of his current advisory team offer."

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The danger of advice from somebody with everything on the line is a lack of objectivity.

Personally, I don't think we need to make any sweeping changes to encourage entrepreneurship directly. The United States is already a great place to start a business. The key making sure that is true 20 years from now by continuing to invest wisely in education, research, energy...etc.

>The key making sure that is true 20 years from now by continuing to invest wisely in education, research, energy...etc.

And by keeping taxes and regulations light and minimal.

I would like to point out that our government's investments in education and energy haven't gone very well, though its investment in general research probably does more good than harm.

And by keeping taxes and regulations light and minimal.

But no more than that.

I would like to point out that our government's investments in education and energy haven't gone very well, though its investment in general research probably does more good than harm.

It's also worth while to point out that many other industrialized nations have also made investments in energy and education and had better results. So, we shouldn't abandon the idea (as you seem to be implying) but rather take a good look at how we do things.

"Your current group has no one with 100pct of their networth on the line." false, warren buffett's wealth is on the line. from this forbes magazine in front of me, he also has the MOST wealth to lose too. and i'm not sure having desperate types on board give the right balance. me personally i suck at making good, sound long term decisions when a colt .45 is pressed to my head.

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