That White House summit of young business leaders actually happened. We know because our new economic saviors are posting their cameraphone pics on Twitter. Here's noted thought leader Ivanka Trump and Twitter founder Ev Williams.

The nation is in crisis, our economy on the brink. And yet President Change is spending time with a group of technowastrels whose sole noteworthy accomplishment has been to spend other people's money.

Virgin Mobile and EMI veteran Tom Ryan, most recently kept on the entepreneurial dole by Bessemer Venture Partners, will join Chicago-based SkinnyCorp, the parent of online T-shirt company Threadless, as its CEO, founder Jake Nickell writes on the company blog. In response, users commented: "^5!" which, according to Google, means "high five!" in hipster. Silicon Alley Insider reports that Threadless earns annual revenues of $20 million off of just 20 employees. The site keeps costs so low by having the users design the products, typically fanciful T-shirts that look good when worn with Chuck Taylors and posted to Tumblr.