Comments on: Why Obamanomics Will Hurt Innovation

By: AllanErickson

AllanErickson — Fri, 04 Dec 2009 00:37:23 +0000

This is a flat out misrepresentation. Of course debt rose under Reagan, and you can argue we didn't need to rebuild the military and we should have been fine with detante, but the fact is, that while GWB increased the size of government 60%, there was also an increase in revenue to gov't thanks to tax cuts. However, Obama has increased government 3x's already over GWB's pace, while revenue is dropping in a recession, thereby creating more debt than all president's combined.

http://www.ireport.com/docs/DOC-276675

By: AllanErickson

AllanErickson — Thu, 03 Dec 2009 16:37:23 +0000

By: Will Wilkinson is Wearing Free Market Blinders About Innovation « dlPFC

Will Wilkinson is Wearing Free Market Blinders About Innovation « dlPFC — Tue, 10 Mar 2009 14:42:48 +0000

[...] that President Obama’s tax policies will depress “innovation.” It started with this post, linking and quoting this article from the City Journal. I’d recommend reading the whole [...]

By: On Going Galt

On Going Galt — Sat, 07 Mar 2009 04:30:47 +0000

[...] think Obama’s policies will be bad for innovation, but not because higher marginal tax rates will lead our best and brightest to retire from the [...]

By: On Going Galt : Pursuing Holiness

On Going Galt : Pursuing Holiness — Fri, 06 Mar 2009 21:46:44 +0000

[...] a couple of excellent posts from Will Wilkinson, whose blog I just added to my RSS list. He’s got an interesting take [...]

By: uknowbetter

uknowbetter — Fri, 06 Mar 2009 17:12:37 +0000

Business starts should probably adjusted for population.

By: Creative Class » Blog Archive » The Big Squelch - Creative Class

Creative Class » Blog Archive » The Big Squelch - Creative Class — Fri, 06 Mar 2009 15:32:54 +0000

[...] Class Wars?by Richard FloridaFri Mar 6th 2009 at 10:32am ESTThe Big Squelch Jim Manzi (via Will Wilkinson) lambastes the effects of Obamanomics on innovation:Like the college students who stayed up late to [...]

By: Michael Drake

Michael Drake — Fri, 06 Mar 2009 14:10:09 +0000

I see.

By: uknowbetter

uknowbetter — Fri, 06 Mar 2009 02:19:57 +0000

Just that dems are even more crooked than repubs. So expect more crooked nonsense (Burris, Blago, Barney, etc.)

By: Jim Manzi

Jim Manzi — Thu, 05 Mar 2009 23:13:13 +0000

Well, we sure agree on that. I've probably written a book's worth of material on this point. It's why I was so cautious about making a prediction other than "but for" this change, we would see less company formation, and didn;t even try to quantify this difference.

I think we're going to end up at way more than a percent or two of difference, btw.

Best,
Jim

By: odograph

odograph — Thu, 05 Mar 2009 19:57:23 +0000

Not to put this on you specifically Jim, but I think the failures placed upon economics of late, with respect to black swans and values at risk, revolve about “all else held equal” being rare on the ground.

Things change, and it is very hard to pull one thread (like marginal rate) from the mix and say that it mattered at a particular point of time. That's not to say that any marginal rate is as good as another … but certainly when we are talking about a percent or two in practice it is no big deal.

By: odograph

odograph — Thu, 05 Mar 2009 19:02:13 +0000

Actually I didn't see this as what I asked. When I talked about “comparative entrepreneurship” I was thinking about something more akin to “business starts.”

But regardless as I say the data show on venture funds show something more related to finance markets.

By: bianca steele

bianca steele — Thu, 05 Mar 2009 17:46:06 +0000

My intention was to dispute only (a) that the tradeoffs implied by your examples are necessarily typical (they may well be, but I can't tell from what you wrote), and also (b) that the interests of the major corporations would be better served if there were no startups (which the attitude you allude to in your article implies, I thought).

I also think Nicole Tedesco has a point, though I probably wouldn't put it the same way she does.

By: uknowbetter

uknowbetter — Thu, 05 Mar 2009 17:21:54 +0000

I agree with that. If you make innovation harder, you will get less of it.

The grass is also green (though democrats are trying to make it all brown).

By: uknowbetter

uknowbetter — Thu, 05 Mar 2009 17:20:18 +0000

A financial crisis that he and his buddy democrats created. They along with fellow-traveler republicans are to blame for the housing bubble which is the source of the mess.

See a 1999 NYT article for more info:
http://www.thedonovan.com/archives/2009/02/oka_…

And as for polls, 80% of Americans are morons and 90% of the rest of the world are morons.