Omakase

Wednesday, November 25, 2009

Obama:business::oil:water

One thing about the Obama administration that has torqued me up is the negative attitude towards business - in just 10 months, he's railed about the evil insurance industry and the horrible bankers, taken aim at credit card companies, promoted an anti-industry cap and trade policy, nationalized the car industry, and demonized the pharmaceutical and hospital industries while he tries to remake 1/6th of the US economy.

But now, it all makes sense to me after seeing some recent analysis from JP Morgan. Check out this graphic from JP Morgan showing the %age of cabinet officers with private sector experience since the Teddy Roosevelt administration.




(full explanation here. (American Enterprise blog.))

This is troublesome on 3 levels:

1) There's no business expertise around Obama to provide real world advice or context for the challenge of getting the economy going. (In fact, this may be why all of the White House rhetoric is around "jobs" and not "economic growth." While jobs and economic growth are often synonymous, the difference is that dictators and deficit-spending politicians can create jobs out of thin air by fiat, but can't make an economy grow without good ideas and expereinced managers to make them happen.)

Without real-world experience to advise Obama, count on more programs that are selected because they sound good politically or test well in focus groups, but don't do a darn net thing economically, like cash for clunkers or the proposed employee hiring tax credit.

2) You are who you surround yourself with. Seeing that only a fraction of people around Obama have ever held a real job makes me think that he's surrounded by sycophants, lifelong politicians, and issues-oriented hangers-on. Prior to their cabinet positions, these people specialized in 1 thing: getting elected. This is great if you're up for re-election in 2012, but truly terrible for the those of us who aren't. These aren't the folks who will make the best decisions for America, but will ultimately make decisions that are best for them and their political career, because it is what they have been doing for decades.

3) This is more evidence that Obama highly values the political elite ruling class, and undervalues the working class. Case in point: Obama made 3 different nominations for the Secretary of Commerce (Bill Richardson (fmr gov of NM), Sen Judd Gregg, and ultimately Gary Locke (fmr gov of WA). You'd think that the at least one of the three nominees for COMMERCE of all positions would come from the business world - either immediately, or recently, but no, all three are career politicians. Based on the composition of Obama's leadership team, when it comes time to talk about stimulus ideas, do you think he's going to hear the best ideas, or the best politically motivated ideas? Will we get the ideas that make our economy better, or the ones that get us in the best shape in late 2012, when Obama stands for re-election?


Since winning the election a year ago, I haven't posted anything critical of Obama. There's some things that Obama has done that I've liked and others that I haven't, but I fervently hope that he is generally successful. With the approach to date, and the roster of talent that we see, I don't think it likely - he'll be made vulnerable by plainly liberal policies and undone by a poor economy. I hope even the most strident Obama advocate would agree that the Obama administration would be more effective with more people on his team who have worked in the real world, and less reliance on career political class and unicorn chasers.

Wednesday, November 18, 2009

More cool stuff.....

Check out these kitesurfers jumping over a huge pier during a storm off of England. It's absolutely crazy!






Next up: some mind-blowing statistics from Worldometers.info. Did you know that every day the world expands by ~220,000 people? (It's like adding another Dallas-Fort Worth to the world every month.) Or did you know that 3X as many people will die this year due to smoking as will die from HIV/AIDS?
(Hat tip to ScienceRoll for pointing out this site.)




Finally: 35 insanely cool pictures of the Martian landscape like the one below hosted at the incomparable "Big Picture" blog at Boston.com. (You should have this in your RSS reader or check their picture compilations at least twice a week.)





(when I first saw this, I couldn't tell if it was an ink stain, a person's tattoo, or shift desert sands, but it's really Mars.)

With my new friends on the Great Wall of China

With my new friends on the Great Wall of China
Click to go to my online photography

World sun clock

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Uncommon Man's Creed

"I do not choose to be a common man. It is my right to be uncommon -- if I can. I seek opportunity -- not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I wish to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole, I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence, nor my dignity for a handout. I will never cower before any master, nor bend to any threat. It is my heritage to stand erect, proud, and unafraid, to think and act for myself, to enjoy the benefit of my creations, and to face the world boldly and say, "this I have done." All this is what it means to be an American." -- Anonymous