Thomas Friedman on the Obama Administration

New York Times columnist Thomas Friedman writes: "This administration is heavily staffed by academics, lawyers and political types. There is no senior person who has run a large company or built and sold globally a new innovative product. And that partly explains why this administration has been mostly interested in pushing taxes, social spending and regulation — not pushing trade expansion, competitiveness and new company formation." Mr. Friedman proposes cuts in the payroll, corporate income, and capital gains tax rates.