Red Herring has an interview with Bob Ackerman, the Director of Allegis Capital and its not a good report:

America’s innovation engine may be stalling at the hands of lawmakers. For some venture firms, that’s led to the pursuit of greener pastures in India and China. But that’s taking a toll on the United States’ once-robust job creation machine fueled by startups and fronted by entrepreneurs. Some international investors have gone even so far as to say, ‘The best is over for the U.S.,’ Mr. Ackerman says. “If that’s the perception, we have our work cut out for us.”

Would someone please tell the Solons in Washington D.C. to read articles like this – the law of unintended consequences is running rampant from K Street to Pennsylvania Avenue and it is killing jobs and opportunity in our country.

Advertisements