Jim Manzi (via Will Wilkinson) lambastes the effects of Obamanomics on innovation:

Like the college students who stayed up late to hear Obama’s campaign speeches only to find his first significant action to be a stimulus program that will transfer about $1 trillion from them to the Baby Boomers, Silicon Valley Obama supporters may find themselves in an uncomfortable environment. A government-dominated economic era may not be an auspicious one in which to start companies that threaten big, incumbent corporations with lots of political clout.

What do liberal/Dem innovation policy types think? Is Manzi onto something?