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Memo to Senator Barack Obama:

The great industrialist Andrew Carnegie said, "Pioneering don't pay." Oil tycoon John D. Rockefeller believed the same thing.

Some pioneers get rich in business. But few of the most successful businesspeople were pioneers.

In government, President Lyndon B. Johnson liked to experiment with tax money. Unfortunately, many of his Great Society programs failed to achieve their goals.

To avoid costly mistakes, you need well-tested ideas rather than left-wing assumptions. Who tested your ideas, Senator Obama? Which countries do you want to emulate? Give me the names. Show me the results.

One more thing:

We live in an age of globalization. Entrepreneurs no longer have to endure tax-happy politicians in the United States. Remember this quote from banker Walter Wriston: "Capital goes where it's welcome and stays where it's well treated."