Washington is Killing Silicon Valley

The Wall Street Journal ^ | December 22, 2008 | Michael S. Malone

[giant sable]

Even as economic losses and unemployment levels mount, America's most effective engine for wealth and job creation is being dangerously -- perhaps fatally -- compromised.

[Mark was here]

Crazy idea. I know. But work with me here...

The value of a dollar will vary with the date it was printed. Say a 1971 bill is worth 99% of a 1970 Bill a 2000 bill is worth 30% of the 70 etc... The exact scale will have to be worked out. The thing I am driving at here is to limit the ability of the printing presses to drive down the value of saved money.

[econjack]

Go back prior to 1990...

Last time I checked, 1900 is prior to 1990. I'm not arguing that there are multiple factors contributing to the current decrease in the IPO count. I was simply questioning your conclusion that it's a statistical blip caused by the time period selected.

[cmdjing]

silly-con valley and by extension the entire Nasdaq exchange is just one giant ponzi scheme. Raise capital for an IPO, earlier joiners get millions of stupid money chasing after non-existent business. Bankruptcy follows as negative revenue coupled with outrageous overhead costs (5000 dollar massage chairs + blackberries for everyone!) leaving the multitude poorer but a few richer. Rinse and Repeat.

[CORedneck]

The mentality, "you better know your place and stay there". It is a popular saying with liberal types. I had one libtard manager where I worked at one time. He was so curious of where I got the money to pay my house off, no car payments, etc. I am sure he looked at county records concerning my house but he kept asking me where I got the money from. I told him it was none of his business which made him livid. He had that kind of attitude. He mentioned that I did not have his approval to be in such a position. I told him I could care less what he thought. In fact I went to this one shopping center - it has many high end stores like Apple, Sharper Image and he mentioned to me that people like me don't belong there and it was a place for the executive types. He warned me that if I am seen there, there will be consequences. I of course disregarded his "advice". He is the reason I am unemployed today.

“Obama is the president Silicon Valley wanted.”

Exactly. The people currently on top want to stay on top. They don’t want a group of young, energetic upstarts filled with new ideas and new products to come along and overthrow them.

[InABunkerUnderSF]

Washington is Killing Silicon Valley

With outsourcing, offshoring and illegal immigration it's more like assisted suicide.

[pburgh01]

He warned me that if I am seen there, there will be consequences. I of course disregarded his "advice". He is the reason I am unemployed today.

Let me get this straight ...You got fired for shopping in Sharper Image in your local galleria. I tend to think you got fired cause you went off your meds not becuase of the retail outlets you were shopping in. Maybe this post was some kind of Monty Python-esque parody that I did'nt get the humor.

[Cronos]

you know, i never quite believed it when they wrote that by 2050 the Chinese would have the largest economy in the world. However, now I think they’ll reach that position a lot earlier than 2050, maybe even 2020

[CRBDeuce]

Government kills most everything it touches. And it is doing its very best to increase the killing process re: the current financial mess.

Thank you....I thought for a second I had stumbled into a DU chat room! Oughta be a prize for first sane post! But perhaps it's our education system that fails to mention the fact that 99% of ALL new jobs are created in SMALL businesses and startup companies! All big business does efficiently is 'lay off'. GE used to be the MOST efficient, for decades, under Jack Welch whose Known corporate policy was that the bottom performers, 10%, exited stage left every year! Kept GE empoyees on their toes as no other large corporation ever matched them.

[SFC Chromey]

Most have a (D) after their name.

[HardStarboard]

>>>Obama said he’d rather have more equality, even if it means everyone would be worse off.<<<

Socialism = Sharing the Misery Equally

[coydog]

So why did he think it was his business where you got your money and where you shopped? I’m sure Sharper Image was glad to take your money regardless of what he thought.

[CORedneck]

Conveniently laid off.....

You got fired for shopping in Sharper Image in your local galleria.

[CORedneck]

He was on a power trip.... I would not go along with it.

So why did he think it was his business where you got your money and where you shopped? I’m sure Sharper Image was glad to take your money regardless of what he thought.

[TenthAmendmentChampion]

Hey, Bay Area: actions have consequences!

[Jacquerie]

IPO doesn’t mean jack

Of course not. New public companies mean nothing. They don't mean new jobs or potential new wealth at all.