Like you, I'm in favor of it too. But I think that it fails to address a lot of issues that could make it a force that is exponentially larger than it is at the moment. Of course, as you mentioned, a lot of these things are out of its scope and must originate from places like Congress. It would be awesome for Obama to create a panel with proven Serial Investors and Serial Entrepreneurs and have them create a national federally funded YC like organization. Match all the investments with government grants up to a certain amount and watch startups revitalize America.