With the fate of U.S economy in the hands of new administration, industry veterans believe it is time for the new setup to take certain bold decisions to bolster the ailing US economy. Economists are of the opinion that President Obama must encourage an environment, which can get American economy back on its track. "Obama must return America to a time which spawned HP, Microsoft, Intel, Dell, Wang, DEC, Apple, Compaq, Cisco, Sun, and many other great companies," feels Forrester Research Chairman and CEO George F Colony.
In a straight advisory blog posting--"How Can Obama Stimulate the Tech Economy"--addressed to President Obama, Colony, who believes tech spending correlates closely with GDP growth, says that the new president should build an environment in which the new Steve Jobs and the new Bill Gates and the new Ken Olsen can easily and quickly start companies and not be instantly absorbed or destroyed by the big guys or bogged down by regulation.
Writing for his blog--Counter Intuitive--Colony details how Obama's predecessors generated healthy competition in tech markets by taking some strong actions. "The new government must take steps that increase competition in tech markets. Nixon charged IBM with anti-trust--ushering competition in the independent software and plug-compatible hardware businesses. Reagan presided over the breakup of AT&T--setting the stage for massive innovation in telecommunications," Colony writes.
Source: Chief Executive