Dear tech execs, you reap what you sow

By Michelle Malkin  •  May 5, 2009 11:36 AM

Yesterday, I noted that Silicon Valley expressed its displeasure with President Obama’s plans to require corporations to pay billions of dollars in U.S. taxes on foreign earnings that they have previously been allowed to defer.

Today, there’s more whining from the tech companies that boosted Obama’s campaign and filled his coffers.

Calll the wahmbulance (hat tip – William Amos):

Carl Guardino usually comes across as an amenable, mild-mannered Silicon Valley executive. But not on Monday. Not when he watched President Obama promising to end overseas tax breaks for U.S. companies that “create a job in Bangalore, India, (rather than) one in Buffalo, N.Y.” Guardino, CEO of the Silicon Valley Leadership Group, angrily described Obama’s language as “not only discouraging, but divisive.” The president’s implication that companies such as Cisco Systems and Hewlett-Packard merely “ship jobs overseas,” and are being rewarded in the bargain, came as a shock to Guardino, who otherwise described the president as “brilliant and respected by so many in the tech sector who are counting on the administration as their ally.”

Indeed, Obama’s proposal to limit U.S. companies’ ability to defer paying U.S. taxes on offshore earnings does put Bay Area companies doing a lot of business overseas directly in the crosshairs. “It would adversely impact our ability to invest and grow our business in the (United States) and to compete against our foreign competitors,” said a spokesman for Cisco.

Google, whose CEO, Eric Schmidt, is supposed to be a close buddy of Obama’s, said it is “too early to evaluate the potential effect on Google’s operations, as there will likely be multiple proposals considered.”

…So, doth Guardino et. al. protest too much? Not according to Atulya Sarin, a professor of finance at Santa Clara University. “It’s a bad idea from the word go,” said Sarin, who has consulted with the Internal Revenue Service and with Fortune 100 companies on international tax issues. “Increasing these taxes will reduce after-tax profits, which will reduce incentives. Right now, the administration should be helping Silicon Valley maintain its competitive edge, not making it less so. I hope saner minds will prevail.”

Reap. Sow. Repeat.

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Comments

« Older Comments

  1. #401
    On May 7th, 2009 at 11:57 am, zeroangel said:

    Oh wow. What did I miss?

  2. #402
    On May 7th, 2009 at 12:05 pm, chapoutier said:

    Oh wow. What did I miss?

    OHHHH GREAT. Now we have to post 98 more times to get it back to an even number.

    Thanks a lot ZA.

  3. #403
    On May 7th, 2009 at 12:13 pm, zeroangel said:

    #403

    Chap:

    Maybe we should just throw out a random insult at R4L? That will get us at least 50 posts.

  4. #404
    On May 7th, 2009 at 1:42 pm, Teddy Kennedy said:

    Errah, can someone start publishing a list of these fools and how much they were taken for??!!! Kinda sounds like they got what they deserved along with the short end of the stick just like old Arlen Sphincter got from Harry “My Lips Are Movin” Reid on committee assignments. I bet Obama campaingns for ole arlen by sending him a VHS tape of old speeches. So much for promises

  5. #405
    On May 7th, 2009 at 2:32 pm, John Deaux said:

    On May 7th, 2009 at 11:57 am, zeroangel said:
    Oh wow. What did I miss?

    Dude! I posted Hitler back in comment #398. I thought you weren’t going to post after that?

    95 left.

    I’m tired of this. Let’s play something else.

  6. #406
    On May 7th, 2009 at 2:41 pm, zeroangel said:

    John:

    Oh? Let it never be said I am beneath carrying on a thread long since it has fulfilled Godwin’s law. I regularly do so as you know *smile*.

    Besides, you kind of purposely forced a Hitler remark. It’s not like you made it apply to the discussion at hand. What was the discussion about again?

  7. #407
    On May 7th, 2009 at 2:58 pm, Joy said:

    Zero-

    Summary:

    Right4life thinks we, John, Jeff, Rags and me are all Poopy-heads (wackos, liars, stalkers, etc.)

    And I’m fat.

    Oh, and he is buff, genius and we all either want him or want to be him.

    And we are all what concealed carry laws are for……

    Are you up to date now?

  8. #408
    On May 7th, 2009 at 3:01 pm, zeroangel said:

    Joy:

    I figured as much from what I have skimmed. It’s truly astounding to me at this point that R4L hasn’t been banned yet.

  9. #409
    On May 7th, 2009 at 3:01 pm, Joy said:

    Oh, Chaps! I left you out. I AM sorry.

    Chap is also a Poopy-head.

    I knew I would miss someone if I typed the names… curses!

  10. #410
    On May 7th, 2009 at 3:04 pm, John Deaux said:

    On May 7th, 2009 at 2:58 pm, Joy said:

    And I’m fat.

    Good for you! The first step on the road to recovery is admitting you have a problem.

    Oh, and he is buff, genius and we all either want him or want to be him.

    And we are all what concealed carry laws are for……

    Are you up to date now?

    Actually, you left out the part where he can lift more and gets better looking women, but I’m sure zero gets the gist.

  11. #411
    On May 7th, 2009 at 3:11 pm, zeroangel said:

    John:

    Actually, you left out the part where he can lift more and gets better looking women,

    LOL. As Chap pointed out earlier; it is comments like that that really give good insight into R4L’s pathology.

    Truly, I am generally against banning anyone no matter how extreme or horrible their views are.

    I really only favor banning of abusive spamming, he qualifies.

    DUUUUHHHHHHHHHHHHHHHHHH~~~ Idiot!! Moron!!

  12. #412
    On May 7th, 2009 at 3:21 pm, Joy said:

    Zero – I agree.

    John – Yes, I guess I really need to get serious about losing this 5 lbs of pure blubber that plagues me. If I can shed it, maybe I can be smart and better articulate my views like Right4life. There may be hope for me yet!

  13. #413
    On May 7th, 2009 at 6:51 pm, Jeff2161 said:

    !

  14. #414
    On May 7th, 2009 at 8:32 pm, Joy said:

    ~

  15. #415
    On May 7th, 2009 at 8:43 pm, zeroangel said:

    ^_^

  16. #416
    On May 7th, 2009 at 8:44 pm, Joy said:

    =^..^=

  17. #417
    On May 7th, 2009 at 8:45 pm, zeroangel said:

    ^^;

  18. #418
    On May 7th, 2009 at 9:36 pm, Joy said:

    =^xx^=

  19. #419
    On May 7th, 2009 at 10:18 pm, Jeff2161 said:

    (“`-”-/”).___..–””`-._
    `6_ 6 ) `-. ( ).`-.__.`)
    (_Y_.)’ ._ ) `._ `. “-..-’
    _..`–’_..-_/ /–’_.’ ,’
    (((‘ (((-(((” ((((

    You forced me to bring out, The Big guns.
    ROFLMAO

  20. #420
    On May 7th, 2009 at 10:19 pm, Jeff2161 said:

    80 more Chapoutier…

  21. #421
    On May 7th, 2009 at 10:22 pm, Jeff2161 said:

    On May 7th, 2009 at 9:36 pm, Joy said:

    Amateur !!!
    But, cute.

    ;)

  22. #422
    On May 7th, 2009 at 10:55 pm, Joy said:

    Jeff – DANG! I tried SO hard to make a puppy dog but couldn’t get it to work! ARGH.

    Bravo! Bravo!

  23. #423
    On May 7th, 2009 at 11:32 pm, Joy said:

    ####___####
    ###/o o\###
    ##/ | O | \##
    ##\ / U \ /##
    #### | | ####
    ## # ( | )###
    #### |||####
    #### |||####
    ### (_|_)###

    Bah… lol There is a very skinny dog. Someone needs to feed him!

  24. #424
    On May 7th, 2009 at 11:35 pm, Joy said:

    What I type in the box doesn’t work right in the preview. The box uses fixed width and the preview and post itself isn’t!

    I can do a kind of fancy two cat ASCII pic too, but this won’t accept the spaces…

  25. #425
    On May 8th, 2009 at 12:37 pm, Jeff2161 said:

    75 more…

  26. #426
    On May 8th, 2009 at 12:56 pm, Jeff2161 said:

    ………./\…………../\
    …_…/….\,-~’””~-,/…\
    ./.././…………………..\
    |..|..|……O……..O……|
    |..|…\………..>………./
    .\..\….’~-,_V__V__,-~’
    …\..\…/…………….\
    …..\..\|………………|
    ……/.|…..|…….|……|
    …./…|…..|…….|……|
    ../…..|…..|____|……|
    {,.,.,}^{,.,.,}{,.,.,}{,.,.,}

    :)

  27. #427
    On May 8th, 2009 at 3:57 pm, Joy said:

    Welllllll, you should see my two cat thingy… and you would… if I could get it to work! :lol:

    Shame, all I feel is shame… I bow to the ASCII artist Jeff!

    You win!

    Now what?

  28. #428
    On May 8th, 2009 at 3:58 pm, Joy said:

    Hey Right4life –

    .

  29. #429
    On May 8th, 2009 at 4:09 pm, Joy said:

    ……..,@;@;@;@;@;@/ )@;@;
    ……,;@;@;@;@;@;@|_/@’ e\
    ……(|@;@:@\@;@;@;@:@( .. \
    ……..@;@;@|@;@;@;@;..’`”–’
    ………@;@;/;@;/;@;’
    ………) //……| ||
    ………\ \\ …. | ||
    ……….\ \\ …..) \\
    ………..`”` ….`”“

  30. #430
    On May 8th, 2009 at 4:40 pm, Jeff2161 said:

    Good sheep !
    Only 70 more…
    :)

  31. #431
    On May 8th, 2009 at 5:01 pm, Joy said:

    Only 70 more…

    :o \

  32. #432
    On May 8th, 2009 at 6:41 pm, Jeff said:

    Shame, all I feel is shame…

    Too much time on my hands, is all…

    ;)

  33. #433
    On May 8th, 2009 at 6:45 pm, Jeff said:

    Try setting it on a different page then, copy and paste. It still distorts some but, not so badly.
    :)

  34. #434
    On May 8th, 2009 at 7:01 pm, Joy said:

    Hey! How did you drop the 2161 from your name??

  35. #435
    On May 8th, 2009 at 7:42 pm, Jeff said:

    Hey! How did you drop the 2161 from your name??

    Click on your name above the comment box, change nickname and then save. You have to logout after, then log back in.

  36. #436
    On May 8th, 2009 at 7:52 pm, Jeff said:

    Oops…It’s Display name publicly as…

  37. #437
    On May 8th, 2009 at 8:59 pm, Joy said:

    I can’t click on my name…

    :(

  38. #438
    On May 8th, 2009 at 9:01 pm, Joy said:

    Wait… Testing…

  39. #439
    On May 8th, 2009 at 9:02 pm, Joyless said:

    Testing again…

    :lol:

  40. #440
    On May 8th, 2009 at 9:03 pm, Joyless said:

    TESTING!

    It ate my 2nd testing post…

  41. #441
    On May 8th, 2009 at 9:04 pm, Joyless said:

    Testing again!

    :lol:

  42. #442
    On May 8th, 2009 at 9:07 pm, Joy said:

    It let me change it, but kept eating the posts…

    I was trying to show as ‘Joyless’… lol

  43. #443
    On May 8th, 2009 at 9:28 pm, Joy said:

    Wonder why it works for you but not for me. Seems to me Chap was telling folks how to change this once and it wasn’t working for them either. There must be some trick to it.

  44. #444
    On May 8th, 2009 at 9:33 pm, Jeff said:

    I think it has something to do with your first or, last name only. I apologize if the info was bad; I rather just use my first name, anyway.

  45. #445
    On May 8th, 2009 at 9:34 pm, Jeff said:

    I live in Phoenix, AZ. Where are you living ? Just curious…
    :)
    58 more…

  46. #446
    On May 8th, 2009 at 9:35 pm, Jeff said:

    ” There is no Joy, in Mudville; Casey has struck out…”

    LOL

  47. #447
    On May 8th, 2009 at 9:55 pm, Joy said:

    I’m from the Phoenix area. Lived near 78th and Thomas until age 4 and then moved to Paradise Valley near the corner of Tatum and Lincoln. Then I moved to Scottsdale and then to Mesa and finally to Apache Junction. After 6 years there I moved to Northern Calif.

    Now I live slightly North from a tiny town called Smith River, California. I’m about 3 miles from the Oregon border on the coast.

    What area of Phoenix?

    I only tried to change nickname… I’ll try to fill in my name and see if that works.

  48. #448
    On May 8th, 2009 at 9:57 pm, Joy said:

    Oh, and I’m almost 50 now. I moved around during college and after, but returned to AZ in 1986 and that’s when I lived in Scottsdale.

  49. #449
    On May 8th, 2009 at 9:58 pm, Joyless said:

    Testing… 1,2,3

  50. #450
    On May 8th, 2009 at 10:00 pm, Joyless said:

    One more time…

  51. #451
    On May 8th, 2009 at 10:02 pm, Joy said:

    Nope… just eats the posts. Shows me logged in as Joyless, and lets me preview the posts, then just eats them when I submit.

    Oh well…

  52. #452
    On May 8th, 2009 at 10:10 pm, Jeff said:

    I moved here from Michigan, I was born and raised in the U.P. Moved here, last year since jobs went away. I live on the border of Phoenix, and Tempe 42nd St, off of Southern Ave. I’m sure this place has changed alot since you lived here.

  53. #453
    On May 8th, 2009 at 10:24 pm, Jeff said:

    Oh, I’m a 47 widower…At least here, I haven’t had to shovel snow ONCE since I moved here…

    LOL
    I like S. Mountain Park…I got some nice photos of sunset through the smog.

  54. #454
    On May 8th, 2009 at 10:38 pm, Joy said:

    I road my horse in South Mountain Park once.

    I know the area of 42nd and Southern.

    I saw Phoenix go from a 2 terminal mini airport the huge complex it is now. I used to hike in ‘remote’ areas that are now in the middle of everywhere. Our house used to be on the outskirts and now the city goes on for, what… 30 miles north? 50? Casa Grande to past Cave Creek, Gold Canyon (east of AJ) to Litchfield Park… Mindboggling.

    Nothing more beautiful than an Arizona sunset. When I lived in AJ I always watched the sunset. Every night. I have tons of AZ sunset photos. The mountain (Superstition) would turn amazing colors.

    I do miss the desert, and used to be immune to the heat, but one year I had a mild heat stroke and that was it.

    I love where I live now. Beautiful Redwoods, lakes, rivers and of course the ocean.

    My father has always had a private plane, and even when I was little I can remember literally flying through the smog. At one point you’d just fly right out of it, like coming out of a cloud. Weird.

  55. #455
    On May 8th, 2009 at 10:42 pm, Jeff said:

    I hear you…Having lived surrounded by nature, it’s weird here because of the people , does anyone here know how to drive ?
    LOL

  56. #456
    On May 8th, 2009 at 10:43 pm, Jeff said:

    Nowadays, Mesa only shows up on the news for illegals, and drug busts.

  57. #457
    On May 8th, 2009 at 10:53 pm, Jeff said:

    48 more posts…

  58. #458
    On May 8th, 2009 at 10:55 pm, Jeff said:

    I would love to see Redwoods; A high school buddy lives in Washington, I’ll have to take a scenic drive up there.

  59. #459
    On May 8th, 2009 at 10:55 pm, Jeff said:

    My current project is a 1974 Mercury Montego. It would be great for the drive.

  60. #460
    On May 9th, 2009 at 12:26 am, Joy said:

    Worthy road trip.

    It looks like the others have abandoned us. I guess they don’t like ascii art.

    It’s a bit refreshing to get away from politics momentarily and just be goofy.

    About changing the nickname.. maybe you filled in all the blanks when you signed up? I’m thinking something about MM’s settings don’t allow a person to change their original info. And all I filled in was my nickname.

    Well, I’m going to watch a movie and turn in.

  61. #461
    On May 9th, 2009 at 12:45 am, Jeff said:

    Your probably right, enjoy the movie…
    Jeffsemenak@gmail.com

    ;)

  62. #462
    On May 9th, 2009 at 3:54 pm, Joy said:

    Thanks. I’ll send a mail soon.

    I dunno about this thread though…

    :)

    :)
    :)

    :)
    :)
    :)

    Don’t want to start making pics with those cuz too many of those can break stuff… and I don’t want MM to have to fix anything.

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