Friday, October 21, 2011

Steve Jobs Lectured Barack Obama On Capitalism


From Politico:
Steve Jobs told President Barack Obama he was “headed for a one-term presidency,” citing the U.S.’s competitive disadvantages with China and a “crippled” education system, a new biography of former Apple CEO indicates.

“You’re headed for a one-term presidency,” Jobs told Obama in a meeting last year where he asserted that the White House needed to be more friendly toward business, according to the Huffington Post, which obtained a copy of the Walter Isaacson’s forthcoming book, “Steve Jobs.”

Jobs also told Obama that “regulations and unnecessary costs” put the United States at a competitive disadvantage with China, where companies can build factories more cheaply.

The recently deceased Jobs also told Obama that the education system was “crippled by union work rules,” according to Isaacson.

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