“The money he’s spent is all short-term thinking…it’s all expenditures, not investments that would change the competitive advantage of the U.S.,” the professor says, drawing a stark distinction between President Obama and the President he’s often compared to: FDR.
“This current recession is just the tip of the iceberg,” says Richard D’Aveni, a professor of strategic management at Dartmouth’s Tuck School. “If things don’t change and we don’t start investing for the long-term, we are going to look like China.”
And by that, D’Aveni doesn’t mean a rising economic power: He means the standard of living in the U.S. will fall and China’s will rise “until we’re all equalized. I don’t think that’s what we want.”
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