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Drew

Is it high time for NEBA, the National Economics and Business Administration?

Cemil:

This organisation, unlike all other fed/state entities, has to be clearly business minded and thus oriented and managed accordingly, the reason why a separate National Administration besides the usual Executive Cabinet. NEBA of course has to be directly accountable to the President and its budget and activities reviewed and approved by the Congress.

.......:

And who would form this entity? Hopefully not the new administration. It would be packed with academics that never ran a company or drew a paycheck except from a university? Congress? Most of them need Velcro shoe laces. Business? The best hope, but they aren't looking too smart right now either. Perhaps a pool and random selection? But what power would they have to do anything that would matter? Congress holds the purse strings and they are about to break the bank with spending.

Cemil:

As I said the administration should put all the public stock it will end up holding as a result of the new stimulus initiatives into this new entity and float part of its equity to the public and the private companies and let the shareholders elect the BOD with the President of the USA appointing the Chairman of NEBA, kind'a as in the FED's case.

Cemil:

Mind you being a profit oriented business minded/kinded organisation, NEBA can whet the appetites of global investors and attract huge amounts of capital/equity to fund most of its restructuring/reorienting strategies...

Mac....Of Moot and Mac:

I'm reminded of the US Senate........They have a private cafeteria and they can't even turn a profit in it. To allow these people to dictate the meticulous organization you propose, would, I think, be ludicrous. The US Congress has proven it's worth many times over......Need we dig a bigger hole with these people holding the shovel?......Bigger Government is NOT the answer......it is the problem.............I do agree with you on the point of the investments that could be gleaned worldwide from this predicament we are in......Just don't allow the Government to oversee/run it.

Cemil:

That's the reason why I have proposed this MMM, otherwise it is the government that will be managing/running it and there will be millions of attachments/links to follow up. But whereas with such a new organisation running it as a business responsible to its shareholders one of which will be the government then it will be a different story, there will be little government more business in that new organisation.

.......:

Who is in charge... the same Congress that built an unneeded visitor center that went from $7m to over $30 million and was three years behind schedule? One reason I like public companies and their boards... you can boot'em out the door! Almost impossible to do with those inside the beltway.

Headache:

You mean there isn't a agency like this in place already?! That explains alot!

Cemil:

nope smilingmichael, there is none, and the need for one is urgent.

Headache:

God that is incredible! I am stunned actually! As i said That explains alot

.......:

It appears I stepped on your first comment and posted at the same time. I for one, am leery of any government body attempting to throw a saddle on this wild horse. Example: Fannie Mae and Freddie Mac. When too much money or power is floating around, there are those that will always abuse it.

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