Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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.
Quote:
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."
Quote:
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."
Quote:
Take factories. "I can tell you definitively that it costs $1 billion more per factory for me to build, equip, and operate a semiconductor manufacturing facility in the United States," Otellini said.
The rub: Ninety percent of that additional cost of a $4 billion factory is not labor but the cost to comply with taxes and regulations that other nations don't impose.
This really shouldn't come as a surprise. Businesses do their best to avoid taxes. Including going to other countries. Thanks Obama! It's not like we need jobs or anything.
Business has been leaving America for over 20 years............you can't blame Obama.
You can wqhen he keeps pushing for more and more taxes and regulation.
He is in a perfect position to reverse the policies of the past that have driven away business. Instead he gives us more of the same. He is just as much at fault as anyone before him.
It seems every day you hear that some company can't do anything in the U.S. due to high costs. Perhaps the answer is to print money like crazy so the U.S. is a cheaper country. Tell the Chinese and other foreign bondholders we don't need their money, we'll print our way out of the deficit. We all know the Chinese yuan (or renbimi, or whatever they call it these days) is too cheap. Of course, it didn't work for Zimbabwe.
This really shouldn't come as a surprise. Businesses do their best to avoid taxes. Including going to other countries. Thanks Obama! It's not like we need jobs or anything.
Which regulations? When you have seen how factories work in some countries such as China, how they pollute the environment, how the safety of employees is neglected, etc., I can hardly wonder if Western (not just in the US, I know the same discussion from Europe) standards are wrong just because they cause additional costs.
Which regulations? When you have seen how factories work in some countries such as China, how they pollute the environment, how the safety of employees is neglected, etc., I can hardly wonder if Western (not just in the US, I know the same discussion from Europe) standards are wrong just because they cause additional costs.
There must be something wrong in the US since businesses don't want to open new factories! Here in Europe we have a lot of factories (Germany/Switzerland/Romania that's were I travel/live) and they open more and more. And the factories are not as 20-30-50 years ago. From some of them you'll see almost no pollution. In China they use 50 years old machinery and that's why you believe that a factory pollutes and so on! Things have changed!
This really shouldn't come as a surprise. Businesses do their best to avoid taxes. Including going to other countries. Thanks Obama! It's not like we need jobs or anything.
Translated from ExecuSpeak to the Truth:
We need to screw Americans, pollute America, just as we do the Chinese and China.....so that I, Your God, can make more money in a week than most Americans make in a year. Bush gave me a HUGE TAX BREAK to create jobs but I stored it away in my own private fortune never to see the light of day. I want American taxpayers to pay for my factory while I screw them with low wages.
There must be something wrong in the US since businesses don't want to open new factories! Here in Europe we have a lot of factories (Germany/Switzerland/Romania that's were I travel/live) and they open more and more. And the factories are not as 20-30-50 years ago. From some of them you'll see almost no pollution. In China they use 50 years old machinery and that's why you believe that a factory pollutes and so on! Things have changed!
Regulations are very strict in Germany and probably in Switzerland as well, dunno. Romania, not so sure. Maybe Europeans simply don't expect to make so much money on a factory. The outsourcing and off-shoring from the US has always been more extreme than from Europe, in my opinion because American managers are traditionally more interested in short-term gains and higher dividends.
I assume subsidies from the state of Saxony have helped convince AMD to build its factory in Dresden.
We need to screw Americans, pollute America, just as we do the Chinese and China.....so that I, Your God, can make more money in a week than most Americans make in a year. Bush gave me a HUGE TAX BREAK to create jobs but I stored it away in my own private fortune never to see the light of day. I want American taxpayers to pay for my factory while I screw them with low wages.
I think strawmen are so cute.
"Are YOU shovel ready?"
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
