Tuesday, August 24, 2010

Dark Commentary

Intel CEO: U.S. faces looming tech decline | Politics and Law - CNET News: "Intel chief executive Paul Otellini offered a depressing set of observations about the economy and the Obama administration Monday evening, coupled with a dark commentary on the future of the technology industry if nothing changes.
Otellini's remarks during dinner at the Technology Policy Institute's Aspen Forum here amounted to a warning to the administration officials and assorted Capitol Hill aides in the audience: Unless government policies are altered, he predicted, 'the next big thing will not be invented here. Jobs will not be created here.'
The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be 'an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth.'
Not long ago, Otellini said, 'our research centers were without peer. No country was more attractive for start-up capital... We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case.'"
If you read the article, there's some fluff in the middle by the reporter trying to make it seem like things were just as bad under the evil W before grudgingly reporting reporting the quotes that U.S. corporate tax rates s*ck wind. And it is true that W was far from a genius in doing what it would really take to make the U.S. competitive.

But at least he didn't seem to awaken each morning with a fire in his belly to send us back to the dark ages.

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