“I’ll give you a formula. This is an Andy Grove formula. So I’m sitting at this dinner in 1995—Andy Grove was the CEO of Intel—and he gives this speech, and he says, “This is easy to understand. High tech runs three-times faster than normal businesses. And the government runs three-times slower than normal businesses. So we have a nine-times gap.” And I said, “Works for me.” But all of my experiences are consistent with Andy Grove’s observation. And so what you want to do is you want to make sure that the government does not get in the way and slow things down.”
In my experience of owning and operating a business, this hits the nail on the head. Government is always going to be many steps behind. Ideas, innovation, creativity, ingenuity, all the important ingredients to economic growth and job creation, are not found in government, only taxed and regulation by government.
Our current leaders would do well to heed the words of another President, John F. Kennedy, who said that “Leadership and learning are indispensable to each other.” Our leadership recession could be turned around by learning that as long as you assault the private sector it will continue to be stunted. Here’s hoping (and praying) for a leadership turnaround—for we only have until 2012 to avoid a “double dip” leadership recession.