Another Warning From the Economist

http://www.futureofcapitalism.com/2009/06/another-warning-from-the-economist

The British magazine that calls itself a newspaper is less enthralled with President Obama than are the American news weeklies. We noted an earlier caution; here is the latest:

American business's next problem will be big government. One reason to worry is that there are few business people of any stature who have the president's ear, in sharp contrast to economists, lawyers, scientists, left-leaning politicians and union bosses...Bringing an enterprise tsar into the White House could change this, by ensuring that every time one of Mr Obama's other advisers suggests an intervention in the economy of any significance, he is at least forced to consider the question: 'What does this mean for business, and especially for the entrepreneurial culture that has for so long made the American economy great?'

One might think the president himself would ask that question on his own and not need to hire an "enterprise tsar" to force him to do so. Not so, apparently.

by Editor  |  Jun 10, 2009 at 3:57 pm receive the latest by email: subscribe to the free futureofcapitalism.com mailing list