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Forbes Column 08: Weapon Of Mass Reconstruction

Posted on Friday, Aug 29th 2008

My new Forbes column, Weapon Of Mass Reconstruction, is one that Barack Obama and John McCain should read for a much-needed education on entrepreneurship and economic policy.

Obama’s speech at last night’s Democratic National Convention was fabulous, although he still exhibits a colossal ignorance of economics and small business issues. He makes some really stupid statements like, “I will reduce capital gains taxes for small business.” Well, small businesses don’t pay capital gains taxes. Rich/affluent people who “invest”, take the risks, and make startups and entrepreneurship possible, do. And he plans to tax them more than ever before. This will choke up entrepreneurship, precisely what he wants not to do. Someone needs to sit him down and give him a lesson on entrepreneurial finance. Frustrating.

McCain, on the other hand, just lost me this morning with his Palin pick. I was hoping he would pick Romney, who does know a thing or two about economics, and could have re-engineered “businesses” like healthcare and education with the savvy of an operating executive. Oh well!

This segment is a part in the series : Forbes Column 08

. Connecting With Your Intimate Bot
. The Gap in Google's Defenses
. A Recession-Proof Corner of the Tech Sector
. eBay's Bounce-Back Opportunity
. How To Dig Out Yahoo's Treasures
. The Microsoft-Yahoo! Battle Plan
. What Microsoft Should Do While Yahoo! Dithers
. The Next VMWare
. The Smartest Unknown Indian Entrepreneur
. The Coming Death of Indian Outsourcing
. India - Cash Rich, Product Poor
. How to Save the World's Back Office
. Latin America's eCommerce Leader
. The Next Indo-China War
. The Real VCs of Silicon Valley
. Fund Envy
. Bootstrap Yourself
. The Coming Convergence
. Lighting The Way In India
. Hydro-Alchemy
. How Amazon Could Change Publishing
. A Technological Fix For Education
. How Technology Can Save Retailers
. Mobile Microfinance
. How To Heat Up Solar
. How Chip Toolmakers Can Survive
. Kill The Business Trip
. Water Firm Enlivens IPO Market
. Web-Savvy Authors Reap Fame, Fortune
. Peeking Inside the iPhone
. Bootstrapping, Montana Style
. Entrepreneurs Flock To Online Travel
. Silicon Lazarus
. Carts Ahead Of Horses
. Weapon Of Mass Reconstruction
. Barack Obama' s Finance Lesson
. Stimulus Package For Entrepreneurs
. Building A Smarter Corporation
. Deconstructing The Cloud
. 'SaaS-ing' Back At The Economy
. Web 3.0
. My Adventure With Amazon
. An S.O.S. To Silicon Valley
. OLPC’s Last Billion
. Capitalism Revisited
. Bargains For Private Equity
. President Obama
. Perilous Protectionism
. Healing Health Care
. Stop The Fear Epidemic
. Obama
. 'Edutainment' Needs Entrepreneurs

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You left the best part out of the Forbes piece and only stated it on your blog, LOL. 🙂

Since Clinton had the likes of Bob Rubin to help steer things straight economically, perhaps Obama will have someone he will listen to, if he will listen, or perhaps McCain could use Romney in some similar position, some kind of economic czar as neither the P nor the VP on that ticket has any economic depth.

Great Forbes column, by the way. Love your emphasis on bootstrapping up in quite a few of your posts and columns now.

Bob Kirk Friday, August 29, 2008 at 3:08 PM PT

PS did you know that the Canadian Prime Minister Stephen Harper, has an M.A. in Economics… a very very bright guy.

Bob Kirk Friday, August 29, 2008 at 3:11 PM PT

We had to close this story yesterday afternoon, 6pm Eastern. The “best part” had not unfolded yet 🙂

I mentioned to Betsy Corcoran, my Forbes editor, that it would be interesting if this morning McCain picks Romney. But this morning, McCain showed gross lack of judgment, so by and large, it seems that this election is going to be about Foreign Policy and Social Issues.

Economics, as you point out, would need to be dealt with by some cabinet position, AFTER the election.

I didn’t know about the Canadian PM’s background. Will check him out.

Sramana Mitra Friday, August 29, 2008 at 3:23 PM PT

[…] On the heels of my Weapon For Mass Reconstruction column, I’d like to welcome Greg Gianforte, CEO of RightNow, whose interview you have read […]

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