Michelle Malkin » Dear tech execs, you reap what you sow

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.

Posted in: Barack Obama, Web 2.0

Regular View

comments (462)

trackbacks (10)

See what others have said

Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.

Trackbacks

Trackback URL

Comments

« Older Comments

#696182

On May 7th, 2009 at 12:08 am, Joy said:

And I’m fat! Boy, he sure let me have it! How can anyone argue with such pure intellect?

Zounds… Buff and smart! Who wouldn’t want him or want to be him?
#696192

On May 7th, 2009 at 12:30 am, Jeff2161 said:

Who wouldn’t want him or want to be him?

Trick question…

.
#696193

On May 7th, 2009 at 12:31 am, Jeff2161 said:

Only 6 more posts…
#696200

On May 7th, 2009 at 12:49 am, Joy said:

This has got to be, hands down, the weirdest MM thread e-vah!

5 more posts…
#696204

On May 7th, 2009 at 1:03 am, Ragspierre said:

This is the thread that goes on forever….
#696216

On May 7th, 2009 at 1:57 am, Joy said:

Okay, when I get up tomorrow I expect to see the last 3 posts!

.
#696273

On May 7th, 2009 at 8:25 am, John Deaux said:

Far be it from me to disprove Godwin’s law.

. = Hitler
#696274

On May 7th, 2009 at 8:26 am, John Deaux said:

So who wants number 400?
#696278

On May 7th, 2009 at 8:36 am, Ragspierre said:

Eww…

Ewww…

LET ME….!!!
#696479

On May 7th, 2009 at 11:57 am, zeroangel said:

Oh wow. What did I miss?
#696492

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.
#696504

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.
#696598

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
#696662

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.
#696678

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?
#696699

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?
#696705

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.
#696706

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!
#696710

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.
#696715

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!!
#696726

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!
#696878

On May 7th, 2009 at 6:51 pm, Jeff2161 said:

!
#696970

On May 7th, 2009 at 8:32 pm, Joy said:

~
#696980

On May 7th, 2009 at 8:43 pm, zeroangel said:

^_^
#696982

On May 7th, 2009 at 8:44 pm, Joy said:

=^..^=
#696983

On May 7th, 2009 at 8:45 pm, zeroangel said:

^^;
#697031

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

=^xx^=
#697069

On May 7th, 2009 at 10:18 pm, Jeff2161 said:

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

You forced me to bring out, The Big guns.
ROFLMAO
#697070

On May 7th, 2009 at 10:19 pm, Jeff2161 said:

80 more Chapoutier…
#697073

On May 7th, 2009 at 10:22 pm, Jeff2161 said:

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

Amateur !!!
But, cute.
#697087

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!
#697108

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!
#697109

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…
#697435

On May 8th, 2009 at 12:37 pm, Jeff2161 said:

75 more…
#697447

On May 8th, 2009 at 12:56 pm, Jeff2161 said:

………./\…………../\
…_…/….\,-~’””~-,/…\
./.././…………………..\
|..|..|……O……..O……|
|..|…\………..>………./
.\..\….’~-,_V__V__,-~’
…\..\…/…………….\
…..\..\|………………|
……/.|…..|…….|……|
…./…|…..|…….|……|
../…..|…..|____|……|
{,.,.,}^{,.,.,}{,.,.,}{,.,.,}
#697613

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!

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

You win!

Now what?
#697614

On May 8th, 2009 at 3:58 pm, Joy said:

Hey Right4life –

.
#697629

On May 8th, 2009 at 4:09 pm, Joy said:

……..,@;@;@;@;@;@/ )@;@;
……,;@;@;@;@;@;@|_/@’ e\
……(|@;@:@\@;@;@;@:@( .. \
……..@;@;@|@;@;@;@;..’`”–’
………@;@;/;@;/;@;’
………) //……| ||
………\ \\ …. | ||
……….\ \\ …..) \\
………..`”` ….`”“
#697659

On May 8th, 2009 at 4:40 pm, Jeff2161 said:

Good sheep !
Only 70 more…
#697680

On May 8th, 2009 at 5:01 pm, Joy said:

Only 70 more…

\
#697762

On May 8th, 2009 at 6:41 pm, Jeff said:

Shame, all I feel is shame…

Too much time on my hands, is all…
#697765

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.
#697777

On May 8th, 2009 at 7:01 pm, Joy said:

Hey! How did you drop the 2161 from your name??
#697798

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.
#697804

On May 8th, 2009 at 7:52 pm, Jeff said:

Oops…It’s Display name publicly as…
#697827

On May 8th, 2009 at 8:59 pm, Joy said:

I can’t click on my name…
#697828

On May 8th, 2009 at 9:01 pm, Joy said:

Wait… Testing…
#697829

On May 8th, 2009 at 9:02 pm, Joyless said:

Testing again…
#697830

On May 8th, 2009 at 9:03 pm, Joyless said:

TESTING!

It ate my 2nd testing post…
#697833

On May 8th, 2009 at 9:04 pm, Joyless said:

Testing again!
#697835

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
#697850

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.
#697853

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.
#697854

On May 8th, 2009 at 9:34 pm, Jeff said:

I live in Phoenix, AZ. Where are you living ? Just curious…

58 more…
#697856

On May 8th, 2009 at 9:35 pm, Jeff said:

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

LOL
#697865

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.
#697866

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.
#697867

On May 8th, 2009 at 9:58 pm, Joyless said:

Testing… 1,2,3
#697868

On May 8th, 2009 at 10:00 pm, Joyless said:

One more time…
#697869

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…
#697870

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.
#697875

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.
#697879

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.
#697882

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
#697883

On May 8th, 2009 at 10:43 pm, Jeff said:

Nowadays, Mesa only shows up on the news for illegals, and drug busts.
#697886

On May 8th, 2009 at 10:53 pm, Jeff said:

48 more posts…
#697887

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.
#697888

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.
#697901

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.
#697902

On May 9th, 2009 at 12:45 am, Jeff said:

Your probably right, enjoy the movie…
Jeffsemenak@gmail.com
#698027

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.