Technology Investment and Stimulus Updated (Jaideep Venkatesan)

NY Times columnist Thomas Friedman argues that instead of bailing out what he views as the "losers" (Big 3 auto manufacturers), the Federal Government should invest in information technology by funding venture capitalists.

Start Up the Risk Takers. 

Friedman's simplistic approach taps into a definite rising popularity of a basic idea - that government can, and should, invest in the American economy through appropriate spending mechanisms. Whether or not funding venture capitalists is the best option, his idea that government must play a strong role in the American economic growth through strategic investment is a sound one.