I am pleased to see that President Obama delivered the ('till now) speah of his life. By being forward looking, telling it straight, and taking responsibility he proves to all the value of good leadership in crisis.
Now for the part he is making drastic mistakes with. The recovery plan. First and foremost, this plan should build infrastructure and infrastructure alone (or 90%). It should then buy homes that have been foreclosed (and still occupied) and then put the homeowners who can't afford those mortgages to work on the infrastructure projects in their local area. Let them keep their day time jobs, and work during the weekends to cover their short falls. That way, the government gets assets and value for our money and the American People get real benefits. An example is the Internet (infrastructure!) which was paid for by the Government...look at the value it has returned!
The worst possible thing this government can do is continue to bail out car companies and banks that failed in the most lucrative point in their industry's histories. Failed.
I disagree with many VC's I work with concerning the shutting down of their investment companies that either can't grow or can't get profitable. But I admire their discipline, and for the VC's that are still around from the bubble burst, they understand how to preserve the value they have built and get rid of the costs that take from that value.
The government should do the same.
Build value every day.
Brad van Siclen
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