Doomed? Hmmm. Maybe not.
Make the tax cuts permanent, and cut taxes further.
.....Steve Forbes thinks that the doom and gloomers shouldn’t be listened to. He sees one quarter of bad news and then sees the economy coming back in the second quarter. A senior partner at Accel Venture Partners told me while we were waiting for a bus together that he’s watching the sales and other data from 250 startups reporting to Accel and he sees nothing but growth and is very optimistic. That optimism has been shared among the VC’s I’ve run into this week. Google execs are upbeat and are hiring and so are many other companies. Startups continue getting funded. Facebook’s executives tell me they are continuing to hire and expand at a rapid pace.
On the other hand, the subprime problems are very real. There are companies all across the board, however, that are still laying off workers-still struggling with the Telecom slow downs.
No. matter what we think about the mantra of Green collar workers touted by Mrs. Clinton, it is a new job market which will be worth watching, studying and investing in. Green does not have to be "New" Green company; but "Old" Big Oil already heavily investing in alternatives.
There are those who will wring their hands; but always Americans that will seize upon new opportunities to create the next Google-like experience. Just my opinion.
You can't always HOPE to ride one single wave, you'll have to stop and paddle to the next one, at some point.