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Intel CEO: Things Need to Change in the U.S.
Tom's Hardware US ^ | 08/25.2010 | Kevin Parrish

Posted on 09/01/2010 9:24:59 PM PDT by ThinkingBuddha

Intel's Paul Otellini predicts that the "next big thing" won't happen in the States unless government policies change.

ZoomMonday night Intel CEO Paul Otellini warned government officials that the U.S. will face a huge tech decline if government policies are not altered. In fact, the "next big thing" won't be invented here in the States, and jobs will be created outside our borders.

The warning was part of his observations about the Obama administration and the nation's economy during dinner at the Technology Policy Institute's Aspen Forum. He took aim at the U.S. legal environment, claiming that its become so hostile to business that there could be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

He went on to criticize the administration's Keynesian policy of economic stimulus and its inability to understand the concept of creating new jobs. "They're in a 'Do' loop right now trying to figure out what the answer is," Otellini told the audience........


TOPICS: Business/Economy; Culture/Society; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: business; economy; elections; government; innovation; intel; obama; otellini; paulotellini; taxes; technical

1 posted on 09/01/2010 9:25:04 PM PDT by ThinkingBuddha
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To: ThinkingBuddha

No doubt that it will happen out side the US India is selling laptops for 35 bucks. So all their students will have one.


2 posted on 09/01/2010 9:27:12 PM PDT by guitarplayer1953 (Rebellion to Tyrants is Obedience to GOD! Thomas Jefferson)
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To: ThinkingBuddha

That’s racist!


3 posted on 09/01/2010 9:27:48 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: ThinkingBuddha
Et tu Silicon giants?

Where were all you geniuses when it mattered back in 2008?

4 posted on 09/01/2010 9:29:18 PM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: ThinkingBuddha

Imagine you are a manufacturer in California or NY. You face OSHA, FDA, EPA, HHS and all the massively staffed, heavy-handed CA/NY State equivalents. You have pretty much forced unionization of your plants, unionized Gov’t employees, high property taxes, extortionary school taxes, and high taxes on employment. You will soon be taxed to pay for Obamacare, even if you have never offered health-care to your employees. You face politically-connected tort lawyers who will take millions from you for the slightest mistake, and therefore, you pay astronomical insurance rates as well.

Is ANYONE surprised when a company decides not to manufacture in the United States, but rather set up plants overseas, and then also use those plants to import into the USA?


5 posted on 09/01/2010 9:30:48 PM PDT by PGR88
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To: ThinkingBuddha
do
{
      us.economy.destroy();
      us.constitution.ignore();
}
loop until us.isDestroyed();
6 posted on 09/01/2010 9:32:45 PM PDT by DigitalVideoDude (It's amazing what you can accomplish when you don't care who gets the credit. -Ronald Reagan)
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To: ThinkingBuddha

“...its inability to understand the concept of creating new jobs....”

When, oh, WHEN will these “brilliant” business owners REALIZE obama doesn’t WANT jobs created?!?!?


7 posted on 09/01/2010 9:34:38 PM PDT by Mortrey (Impeach President Soros)
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To: ThinkingBuddha

More details:

Intel CEO Blasts Obama Administration, Says Anti-Business Policies Are Killing The Country

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/08/25/businessinsider-intel-ceo-blasts-obama-administration-says-anti-business-policies-are-killing-the-country-2010-8.DTL

“If our tax rate approached that of the rest of the world, corporations would have an incentive to invest here,” Otellini said. But instead, it’s the second highest in the industrialized world, making the United States a less attractive place to invest—and create jobs—than places in Europe and Asia that are “clamoring” for Intel’s business.”


8 posted on 09/01/2010 9:41:27 PM PDT by SmartInsight (Bad officials are elected by good citizens who do not vote. ~ G. J. Nathan)
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To: ThinkingBuddha
Thanks very much...

Great article to mass e-mail your friends & politicians!

I have done so!

9 posted on 09/01/2010 9:41:34 PM PDT by fight_truth_decay
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To: Army Air Corps

Word!


10 posted on 09/01/2010 9:46:49 PM PDT by allmost
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To: Mortrey

I wonder how many of the young Obama voters, just eligible to vote in 2008, had jobs this year.


11 posted on 09/01/2010 9:57:09 PM PDT by Ciexyz
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To: SmartInsight
“If our tax rate approached that of the rest of the world, corporations would have an incentive to invest here,” Otellini said. But instead, it’s the second highest in the industrialized world, making the United States a less attractive place to invest—and create jobs—than places in Europe and Asia that are “clamoring” for Intel’s business.”

Meanwhile, Mr. Otellini expects the United States to bear the sole burden of its very expensive military for providing safe conduct of his overseas operations.

12 posted on 09/01/2010 9:59:36 PM PDT by Carry_Okie (Grovelnator Schwarzenkaiser, fashionable fascism one charade at a time.)
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To: Army Air Corps
He better be prepared for an IRS audit. The Obama regime doesn't handle criticism all that well.
13 posted on 09/01/2010 10:01:07 PM PDT by peeps36 (Obama, The Worst President In American History, By Far)
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To: Lakeshark
"Et tu Silicon giants?

Where were all you geniuses when it mattered back in 2008? "

Thank you.

My thought exactly.

If Obama is losing the silicon Asbergers he's losing a significant segment of his base.

14 posted on 09/01/2010 10:01:23 PM PDT by TheClintons-STILLAnti-American
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To: guitarplayer1953

We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid.

Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.


15 posted on 09/01/2010 10:03:24 PM PDT by USALiberty
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To: ThinkingBuddha
As a chip-maker beginning in the mid-60's, my engineers developed a process in the late 80's that required the daily use of about one gallon of (regular store bought) Clorox bleach....about $1.00 at the time.

I was truly amazed to find out that the EPA required us to dispose of the empty bottle to their specifications...that cost us $16.00 each (empty) bottle. But, the same bottle at home was just thrown in the 'regular' trash.

16 posted on 09/01/2010 10:07:47 PM PDT by blam
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To: ThinkingBuddha
the U.S. will face a huge tech decline if government policies are not altered. In fact, the "next big thing" won't be invented here in the States, and jobs will be created outside our borders.

Same thing happened to Michigan.

17 posted on 09/01/2010 10:13:28 PM PDT by Slyfox
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To: ThinkingBuddha

How much do you want to bet that these clowns filled The Messiah’s coffers with millions of dollars?


18 posted on 09/01/2010 10:14:10 PM PDT by 2ndDivisionVet (I don't need a newspaper to know the world's been shaved by a drunken barber.)
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To: Ciexyz
Obama is losing in a match-up against a generic Republican challenger by 37 percent to 34 percent among voters in the 18-34 age group, according to a stunning Quinnipiac University poll.

In March, voters in this group approved of Obama by 54 percent to 37 percent.

“The youngest age group may be the most impatient and the most easily disillusioned among all age groups,” said Molly Andolina, a youth-vote expert and DePaul University political-science professor.

VIDEO- Obama is going to pay for my gas.....

BUT, No free mortgage; no free car; no free gas — hell, no free health care even if only for preexisting conditions health insurance (accidents early stage in life etc.) ...NO NADA!!

"WE ARE THE WORLD"..

must mean pack up and follow industry outside this country--soon we will see ads: Applicants Opportunities: Extensive travel, live & work abroad..


19 posted on 09/01/2010 10:25:16 PM PDT by fight_truth_decay
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To: ThinkingBuddha

But that’s what the Leftist-Marxist-Progressive-Cloward-Piven professors and academics who run the US want!


20 posted on 09/01/2010 10:25:44 PM PDT by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: ThinkingBuddha

Or, in plain English, with Comrade Lenin in the White House, the United States is in the sh*tter and headed much, much farther downward.


21 posted on 09/01/2010 10:27:48 PM PDT by Jack Hammer
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To: USALiberty; guitarplayer1953

“We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid.

Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.”

#####

Nailed.

Although, in the last sentence I would replace “will” with “have been”.

Our lunch, breakfast, dinner and midnight snacks.....


22 posted on 09/01/2010 10:30:14 PM PDT by EyeGuy
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To: ThinkingBuddha; 1rudeboy
'He took aim at the U.S. legal environment, claiming that its become so hostile to business that there could be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."'

Not to worry, I am assured by the resident Free Republic Protectionists that all we need is some tariffs and a new Government agency to protect American Jobs and everything will be "hunky dory"

23 posted on 09/01/2010 10:35:51 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: ThinkingBuddha

There will be start ups that cannot go outside this country..there are young companies with new ideas to compete against Intel, Google, Apple; perhaps only fledglings now and may be picked off and bought up..but the small business start-ups are the ones that will suffer the most trying to raise the capital they need to grow (no IPO hopes) their ideas in an uncertain economy, where money is kept close, where government punishes wealth creation which in turn creates jobs..and business to business shared opportunities


24 posted on 09/01/2010 10:37:17 PM PDT by fight_truth_decay
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To: ThinkingBuddha
Once it really leaves, it will be a LOOOOONNNGGGGG time before it comes back, if ever. Who would think the U.S. would be this anit-capitalistic? That is what will keep companies and innovation out of the United States. Could it happen AGAIN?
25 posted on 09/01/2010 10:37:37 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: SmartInsight

Intel CEO Blasts Obama Administration, Says Anti-Business Policies Are Killing The Country

He’s right!


26 posted on 09/01/2010 10:38:47 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: SmartInsight

“Not long ago...’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.’”

“Otellini singled out the political state of affairs in Democrat-dominated Washington, saying: ‘I think this group does not understand what it takes to create jobs. And I think they’re flummoxed by their experiment in Keynesian economics not working.’ “

“If our tax rate approached that of the rest of the world, corporations would have an incentive to invest here,” Otellini said. But instead, it’s the second highest in the industrialized world, making the United States a less attractive place to invest—and create jobs—than places in Europe and Asia that are “clamoring” for Intel’s business.”

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/08/25/businessinsider-intel-ceo-blasts-obama-administration-says-anti-business-policies-are-killing-the-country-2010-8.DTL#ixzz0yLbHGWln

yes, Intell is firing a warning shot over the bow!

Listening Obama?


27 posted on 09/01/2010 10:41:15 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: ThinkingBuddha
But Why? an interview with Sir James Goldsmmith, (1994)
28 posted on 09/01/2010 11:11:11 PM PDT by Vince Ferrer
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To: ThinkingBuddha
"the U.S. will face a huge tech decline....."

Unfortunately, for a number of reasons, that tipping point was reached about ten years ago.
29 posted on 09/01/2010 11:15:20 PM PDT by indthkr
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To: Lakeshark

“Where were all you geniuses when it mattered back in 2008?”

Drooling at the prospect of computer and data base software sales to an exponentially expanding Nanny Ntate bureaucracy.


30 posted on 09/01/2010 11:25:17 PM PDT by haroldeveryman
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To: PGR88

Or decide altogether NOT to carry a product their customer base wants and uses only because they do NOT want a bullseye painted on their backs by the alphabet soup of agencies that will and can descend on them at a moments notice. I know of where I speak...Loss of income and business but peace of mind


31 posted on 09/01/2010 11:52:39 PM PDT by Semperfiwife (This is the "Ba-roke" era.)
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To: ThinkingBuddha
Yeah, to remain competitive we must rest control of the educational system from union thugs so that children have a chance to succeed.

Now that's change we can believe in!

32 posted on 09/02/2010 12:17:10 AM PDT by TheThinker (Communists: taking over the world one kooky doomsday scenario at a time.)
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To: TheThinker

rest = wrest


33 posted on 09/02/2010 12:17:39 AM PDT by TheThinker (Communists: taking over the world one kooky doomsday scenario at a time.)
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To: USALiberty
We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid. Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.

"Places like Hong Kong"? What other places? Singapore maybe? Do you really think these two tiny footprints are going to eat our lunch? Unfortunately, the rest of the world is even worse. Corporate taxes seem to be one area where we clearly are more hostile to business, but I don't really see any other country where liberty is championed and secure. And it's not Hong Kong -- they exist only at the mercy of China, do they not?

34 posted on 09/02/2010 3:12:26 AM PDT by Old_Grouch (63 and AARP-free. Monthly FR contributor.)
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To: USALiberty
We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid. Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.

"Places like Hong Kong"? What other places? Singapore maybe? Do you really think these two tiny footprints are going to eat our lunch? Unfortunately, the rest of the world is even worse. Corporate taxes seem to be one area where we clearly are more hostile to business, but I don't really see any other country where liberty is championed and secure. And it's not Hong Kong -- they exist only at the mercy of China, do they not?

35 posted on 09/02/2010 3:12:36 AM PDT by Old_Grouch (63 and AARP-free. Monthly FR contributor.)
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To: Mad Dawgg
Intel probably donated to the Obama campaign. Therefore, Otellini is wrong about everything.
/paleo
36 posted on 09/02/2010 8:18:26 AM PDT by 1rudeboy
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To: USALiberty
We need to jettison a LOT of government-imposed distortions of the economy — unions, minimum wages, liberty-sapping “health and safety” regulations, unemployment insurance (you pay people to be unemployed and guess what? More of them become unemployed!), and 100% of “entitlements” like Social Security and Medicare. Welfare, of course, has to go too, especially Medicaid. Places like Hong Kong are unburdened by stuff like that. And they will eat our lunch if we maintain those kinds of burdens.

"Places like Hong Kong"? What other places? Singapore maybe? Do you really think these two tiny footprints are going to eat our lunch? Unfortunately, the rest of the world is even worse. Corporate taxes seem to be one area where we clearly are more hostile to business, but I don't really see any other country where liberty is championed and secure. And it's not Hong Kong -- they exist only at the mercy of China, do they not?

37 posted on 09/02/2010 10:09:15 AM PDT by Old_Grouch (63 and AARP-free. Monthly FR contributor.)
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To: EyeGuy

Another big problem we have to address: The 40-hour work week. That was an idiotic idea from the start. America will not be great again so long as worker feel entitled to “weekends,” overtime pay, paid vacations, etc.

Pay for most workers should be by the DAY, not the hour. That day should last as long as it needs to last in order to get a decent, world-competitive amount of work done — usually 10-12 hours, not 8. And a work week should lat 6 days, not 5.

Paid vacations and other “benefits” should be negotiated — something better, more in-demand workers and managers get, but not everyone. The average worker in the USA is, in my opinion, FAR too spoiled. We could learn a LOT from Hong Kong.


38 posted on 09/02/2010 11:58:27 AM PDT by USALiberty
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To: EyeGuy

SS AND MEDICARE ARE NOT ENTILEMENTS I HAVE PAID IN FOR OVER 40 YEARS INTO THOSES ALONG WITH MY EMPLORYERS.


39 posted on 09/02/2010 2:53:54 PM PDT by guitarplayer1953 (Rebellion to Tyrants is Obedience to GOD! Thomas Jefferson)
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To: guitarplayer1953

Yeah, me too. And I agree with you.

Perhaps you were responding to a quote I included in my response.


40 posted on 09/02/2010 2:59:05 PM PDT by EyeGuy
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To: EyeGuy
May be I know one thing there is going to be a bunch of baby boomers pissed off if the system crashes after they have paid in for 50 years. Most of us no collar workers started working at 16 years of age and have been working since.
41 posted on 09/02/2010 3:59:11 PM PDT by guitarplayer1953 (Rebellion to Tyrants is Obedience to GOD! Thomas Jefferson)
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