When will they get it?
A colleague recently pointed to a WSJ (subscription needed) interview with Liberty Media’s John Malone. Mr. Malone is normally a reluctant interviewee, but he came out of his shell with some choice nuggets. To summarize, Mr. Malone thinks this country is in trouble and the current administration isn’t helping matters at all.
Regarding the Obama Administration:
I don’t think he should have been elected in the first place. I think he’s incompetent. But now, I’ve thought that of the last couple presidents. [Obama’s administration] is all academics and lawyers. I’m afraid that our real problems are systemic and long-term. And lawyers are primarily trained in fighting over the pie, not making the pie bigger. And this country definitely needs to think about making the pie bigger.
From AllAccess.com, a radio and music-industry website, on U.S. taxes:
The U.S. has the highest corporate tax rate in the world. Big companies are sitting on their cash because they are not sure what they should do, but small businesses can’t get cash. The economy is stalled.
What are his plans for the future with regards to the American economy and his own personal investments:
Well, my wife, who is very concerned about these things, moved all her personal cash to Australia and Canada. She wants to have a place to go if things blow up here. Canada has a lot more fiscal and bank responsibility than most places in the world and lots of natural resources. We have a retreat that’s right on the Quebec border. We own 18 miles on the border, so we can cross. Anytime we want to we can get away. It would probably be illegal but we could go. Actually our snowmobile trail goes right on the border.
At a time when President Obama is trying to seem pro-business, we get this kind of response from industry big-whigs? I hope that those who voted for “Hope and Change” really are thinking about (a) whether that’s really what they got, (b) what kind of lasting damage this administration is doing to this country.

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