Do exceptions prove rules? How many civil servants walk away with that sort of package?
If you want to talk about outrageous severance packages, what standard for CEO's of large corporations.
McCain Economic Adviser Carly Fiorina's Golden Parachute - Political Radar
Has that happened yet? Or do CEO's still get multi-million dollar payouts???
Is your rage against everyone who gets outrageous packages or just civil servants...
Then they are disobeying the law of the land.
They are directed by the people to enforce a law until it is repealed no matter what we personally think about it. Has Harper done anything to have gun registry done away with? If not he is a supporter just doesn't want the public to know. Yes there are laws ignored, but the people do not care if they are or not.
August 24, 2010 10:59 AM PDT
Intel CEO: U.S. faces looming tech decline
ASPEN, Colo.--Intel Chief Executive Officer 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.
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."
The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."
Not long ago, Otellini said, "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."
The phenomenon of technology executives advancing dismal predictions and offering pointed critiques of Washington politicking isn't new, of course.
For instance: In 2005, midway through the Bush administration, Microsoft's Bill Gates told a Washington audience that curbs on immigration and guest workers would provide a boost to research institutions in China and India. A year earlier, then-Intel CEO Craig Barrett warned that the U.S. must dramatically improve its education system.
That never happened. Nor did politicians follow Gates' advice to rethink laws that led to foreign engineers being kicked out of the country as soon as they finish their degrees.
And now, six years later with no significant reforms, it should come as no surprise that the predictions have become more dire.
Deep in a 'Do' loop
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."
Since an unusually sharp downturn accelerated in late 2008, the Obama administration and its allies in the U.S. Congress have enacted trillions in deficit spending they say will create an economic stimulus but have not extended the Bush tax cuts and have pushed to levy extensive new health care and carbon regulations on businesses.
"They're in a 'Do' loop right now trying to figure out what the answer is," Otellini said.
As a result, he said, "every business in America has a list of more variables than I've ever seen in my career." If variables like capital gains taxes and the R&D tax credit are resolved correctly, jobs will stay here, but if politicians make decisions "the wrong way, people will not invest in the United States. They'll invest elsewhere."
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. (Cypress Semiconductor CEO T.J. Rodgers elaborated on this in an interview with CNET, saying the problem is not higher U.S. wages but antibusiness laws: "The killer factor in California for a manufacturer to create, say, a thousand blue-collar jobs is a hostile government that doesn't want you there and demonstrates it in thousands of ways.")
"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.
The comments from Intel's chief executive echoed statements made a day earlier by Carly Fiorina, the former HP CEO turned Republican Senate candidate.
America's skilled-worker visa system is so badly broken and anti-immigration that "we have to start from scratch," Fiorina said, adding that too many government policies push jobs overseas instead of making U.S. companies competitive against international rivals.
"Our corporate tax rates are the second highest in the world," and Congress has repeatedly failed to make an R&D tax credit permanent, Fiorina told the Aspen audience. It's time to start "acknowledging the reality that companies go where they're welcome," she said. (The effective U.S. corporate income tax is 35 percent, far over the industrialized-nation average of 18.2 percent.)
Read more: Intel CEO: U.S. faces looming tech decline | Politics and Law - CNET News
Read more: Intel CEO: U.S. faces looming tech decline | Politics and Law - CNET News
It goes back to GWB and all the way back to GHB and Ronnie.
Obama and American leftists bear full responsibility and will suffer at the polls. These facts add fuel to the fire.![]()
BT, you are a Libertarian.
I understand and support your choice to go it alone rather and disdain for unions. However other people don't share your opinion and prefer to work in cooperative groups. If you were truly a libertarian, you would support the right of others to choose freely. For some people that would mean a career associated with the pros and cons of a union.
Just because you have a right, doesn't mean you have to use it. The rights the good people of Wisconsin fight to preserve, were won a long time ago through courage, sacrifice and struggle. Now you support taking away their right to choose, so that they have to make the same choice as you. Doesn't that contradict your Libertarian philosophy?
BTW, I was a union member for 20 years. I've been independent for the last 10. I know both sides. Even as an independent I seek out cooperative mutually beneficial relationships. I find "networking" helps me find new clients. My peers and I can cover for each other, take on work the other can't do. We can specialize. I know how much compensation is standard for my skill set...
I agree. You aren't reading what Avro wrote.
The 'tolerant' left:
“Kill Scott Walker”: Angry libs flood Twitter with death threats after Wisconsin recall defeat
“Kill Scott Walker”: Angry libs flood Twitter with death threats after Wisconsin recall defeat | Twitchy
Oh yeah... they're going bananas out there. That is what happens when US Libs get their butts kicked in US elections. There was one saying that Talk Radio should be banned. lol.
The morning of the election the Democrats started acusing GOP of voter repression. I then knew that Walker had a good chance and the US libs were starting their typical excuses of why they lost.
The BC government union types that were there are not happy with the outcome. Vowing to carry on with no regard for the democratic process when it doesn't turn out how they want. Much like the separatists in Quebec.