1. Welcome to CowboysZone!  Join us!  Come on!  You know you want to!

Mark Cuban: President-Elect Obama's First Big Mistake

Discussion in 'Political Zone' started by Maikeru-sama, Nov 17, 2008.

  1. Maikeru-sama

    Maikeru-sama Mick Green 58

    14,547 Messages
    0 Likes Received
    Mark CubanPosted November 13, 2008 | 02:44 PM (EST)

    President-Elect Obama's First Big Mistake
    stumble digg reddit del.ico.us news trust mixx.com

    Its great to see President-elect Obama aggressively taking on the economy prior to his taking office. Unfortunately, the economic advisory team that he has put together looks more like a semester's worth of great guest speakers for an MBA class than an economic advisory team that can truly help him.

    There are a lot of great minds on the list:

    Robert Rubin, Larry Summers, Laura Tyson, who served as Clinton's top economic adviser; former Fed Vice Chairman Roger Ferguson; Time Warner Inc. Chairman Richard Parsons; former Securities and Exchange Commission chairman William Donaldson and Xerox Corp. Chief Executive Officer Anne Mulcahy.

    Google Inc. CEO Eric Schmidt, Michigan Governor Jennifer Granholm and Roel Campos, an ex-SEC commissioner, and Warren Buffett are also on the advisory board.


    Notice anything missing?

    Not a single entrepreneur. Yes Warren Buffett started a business, but he will be the first to tell you that he "doesn't do start ups". Which means there isn't a single person advising PE Obama that we know of that knows what it's like to start and run a business in this or any economic climate. That's a huge problem.

    If we are going to solve our current economic problems, our president needs to get first hand information on the impact his proposed policies will have on real Joe the Plumbers. People who are 1-person companies living job to job, hoping they get paid on time. We need to know what the impact of his policies will be on the individually owned Chrysler Dealership in Iowa. The bodega in Manhattan. The mobile phone software startup out of Carnegie Mellon. The event planner in Dallas. The barbershop in L.A. The restaurant in Boston.

    Entrepreneurs that start and run small businesses will be the propellant in this economy. PE Obama needs to have the counsel of those who will take the real risk inherent in creating companies and jobs. Those who put their money and lives on the line with their business.

    Without it, the rules of unintended consequences of any economic policy could hit you in the mouth in ways you never expected. Things like forcing companies from being taxpayers to the underground cash economy, or forcing new hires to be independent contractors to avoid having to pay their insurance or higher matching social security amounts. Your current group has no one with 100% of their net worth on the line. I promise you that the possibility of losing it all will provide a completely different perspective than any of the "knowledge" the esteemed, learned members of his current advisory team offer.

    PE Obama, I'm always available to help, but my recommendation would be to randomly go through the new incorporation filings and ask for volunteers to give feedback. Ask the people who are actually starting new businesses what they need.

    Entrepreneurs will lead us out of this mess. Talk to them.


    link
  2. Sasquatch

    Sasquatch Lost in the Woods

    4,450 Messages
    130 Likes Received
    I think what Mr. Cuban objects about President-elect Obama is the possibility of stricter oversight for things like, say, insider trading.
  3. MilesAustinforMVP

    MilesAustinforMVP Benched

    782 Messages
    0 Likes Received
    oh snaps.

    I think the problem is that these people don't understand that running the nation's economy takes a great understanding of Macroeconomics, and running a for-profit business is barely relevant to fiscal policy.
  4. DaBoys4Life

    DaBoys4Life Benched

    15,621 Messages
    0 Likes Received
    Obama black of course he know bout the struggles of the little man.
  5. ethiostar

    ethiostar Well-Known Member

    6,300 Messages
    41 Likes Received
    :confused:
  6. iceberg

    iceberg detoxed Zone Supporter

    27,995 Messages
    1,014 Likes Received
    what in the hell does that have to do with anything?
  7. DaBoys4Life

    DaBoys4Life Benched

    15,621 Messages
    0 Likes Received
    yes we can!
  8. ethiostar

    ethiostar Well-Known Member

    6,300 Messages
    41 Likes Received
    :confused:
  9. iceberg

    iceberg detoxed Zone Supporter

    27,995 Messages
    1,014 Likes Received
    ok. you go play over THERE and i'll go do something more productive like grout my tille.
  10. MrMom

    MrMom Well-Known Member

    1,545 Messages
    30 Likes Received

    :laugh2:

    If CZ kept track of most ignored users, this joke would have to be near the top.
  11. DaBoys4Life

    DaBoys4Life Benched

    15,621 Messages
    0 Likes Received
    have fun.....

    oh noes that hurts....:rolleyes:
  12. Rogah

    Rogah Well-Known Member

    3,634 Messages
    61 Likes Received
    If Cuban is wise, he will cooperate with the authorities to the utmost. Remember, it wasn't insider trading that sent Martha Stewart behind bars, it was the obstruction of justice. Many people think that if she had cooperated from the get-go, she wouldn't have done any time.
  13. Phrozen Phil

    Phrozen Phil Active Member

    3,860 Messages
    12 Likes Received
    Combining posting with drinking is a bad idea.:nono2:
  14. DaBoys4Life

    DaBoys4Life Benched

    15,621 Messages
    0 Likes Received
    I could of sworn Obama was the solution to everything.
  15. Phrozen Phil

    Phrozen Phil Active Member

    3,860 Messages
    12 Likes Received
    Careful, or I'll revert to my role as grammar cop and make it my mission to edit your posts.:p:

Share This Page