Wednesday, June 29, 2011

Obama Pushing U.S. To Economic Disaster: Google Founder

The eccentric and frugal billionaire college professor who helped Sergey Brin and Larry Brin develop Google has warned that US President Barack Obama is pushing the U.S. towards a path of economic disaster

Stanford University’s David Cheriton, who is worth almost $2-billion according to Fortune magazine, believes that innovative and creative American entrepreneurs are being driven out of the country by Obama’s fiscal policies.

Cheriton told BBC: “When you look at, say, Larry and Sergey of Google, they made billions of dollars, but they contributed many more billions of dollars to the US economy. And so we should be empowering these people; we should be cultivating more of the next generation of those types. And yet, I think there’s almost a hostile attitude towards people who have been successful in this country.”

He added balefully that “the people that are taking the risks… or would be taking the risks… [now] start thinking twice about what it means to do this in the US.”
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