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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Peter Ecclesine who wrote (30953)	8/13/2009 1:40:06 AM
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Hi Peter - I haven't read Kushnick's piece, but I'm pretty sure I'd agree with it. A couple of months ago, the New Yorker commented (paraphrasing, here) that Obama is a great respecter of traditional institutions, not a boat-rocker. I was unsure whether the column was an explanation or an apology. Particularly with respect to reforms in finance and economics, one emerging sentiment is that he's been captured by the forces that created the present crises. Supposedly capture is demonstrated in staffing choices such as Geithner and Summers. Capture seems extreme, but in several areas including telecomms the thinking seems to be: let the legislators and stakeholders work it out, and spend the money the way they see fit. That's it. One can think of many administrations, Democrat and Republican, where the White House had an agenda, a distinct policy, actively prosecuted by staff through every step of execution. That does not seem to be the case with this administration. Jim

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