Thursday, March 27, 2008


A key component of Obama's economic plan is more regulation of investment banks. And then he proclaimed his ultimate goal is to end business cycles. And he has the audacity to make fun of McCain? And besides Clinton already did that.

Then he tells business they have to do a better job of managing risk.

I don't disagree with the first part, streamlining regulation but the second part ... I'm not sure what role a President plays in managing risk unless he intends to cover every business in America and two ... all businesses ... all attempt to minimize risk ... it's Business School 101. The ones that do it well ... usually survive.