Posted on 01/04/2010 4:20:22 PM PST by FromLori
Schmidt, once a big Obama supporter, seems to be worried about what the Democrats are up to.
Eric Schmidt has been on Twitter for about a month, and he's yet to take a real liking to it. He's only blasted out eight tweets. So, on the rare occasion that he does send out an update to his 20,993 followers, we like to see what he's talking about.
Today he sent out two tweets, one a link to the Op-Ed column from Ross Douthat at the NYT, another to a story that Douthat cited.
Douthat's column deals with America's rise through the nineties, its stagnation in the last decade, and its prospects for this decade.
Douthat isn't particularly optimistic about what the government is doing:
...instead of seeking a new post-Reagan consensus, the Obama Democrats are returning to their party’s long-running pursuit of European-style social democracy — by micromanaging industry, pouring money into entitlement and welfare programs, and binding the economy in a web of new taxes and regulations.
...Social democracy has its benefits, but global competitiveness isn’t one of them. As Jim Manzi points out, in an essay on “Keeping America’s Edge” in the latest issue of National Affairs, “from 1980 through today, America’s share of global output has been constant at about 21 percent. Europe’s share, meanwhile, has been collapsing in the face of global competition — going from a little less than 40 percent of global production in the 1970s to about 25 percent today.”
If we hope to avoid a similar plunge, the Obama-era tilt toward government intervention needs to be balanced, and soon, by a new growth-oriented agenda.
(Excerpt) Read more at businessinsider.com ...
ping
All I can say is duh...
Well, Eric, you mug, you voted for this guy and NOW you are not happy? Go suck a lemon. We don’t care about you..you didn’t care enough about the nation to do your homework before you cast your vote.
20,993 tweet followers?
You'd think Schmidt was the guy who ran the McLame campaign? /s
Article assumes everyone knows that Schmidt is the CEO of Google.
If Obama has lost him, he’s really in trouble.
Retractions, corrections, and clarification soon to follow...
Boy is he a SLOW learner.
There just SEEM to be advantages because WE pay for the defense of all the socialists in Europe, which free’s them up to pour more money into their socialist programs, prolonging the inevitable collapse.
Democratic socialism CANT work, as soon as the majority figure out they can vote themselves the treasury it collapses in on itself.
“European-style social democracy — by micromanaging industry, pouring money into entitlement and welfare programs, and binding the economy in a web of new taxes and regulations.”
8 tweets + 2 new ones 20,993 over a period of how many months.
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