To: Lizzie Tudor who wrote (55067 ) 7/1/1999 2:10:00 PM From: Zoltan! Read Replies (1) | Respond to of 67261
Return of the Jedi: Silicon Valley goes Republican, dumps troglodyte Gore for the future:Bush Gets Big Support From Silicon Valley Full Coverage Presidential Election 2000 By Alan Elsner, Political Correspondent PALO ALTO, Calif. (Reuters) - Republican presidential front-runner George W. Bush's money-raising juggernaut roared through Silicon Valley Thursday, drawing support from a stellar list of high-tech industry titans. Bush, the governor of Texas, has smashed all previous records by raising more than $36.3 million in the first half of the year. He began the second half with a fund-raising breakfast that had been expected to bring in an additional $300,000 but seemed likely to far exceed that estimate. ''This is not my first trip to this incredible land called Silicon Valley. This is my first trip as president of the United States,'' an elated Bush said, before quickly correcting himself to say, ''As soon-to-be president of the United States.'' Among the executives there to greet him were Cisco Systems chief executive John Chambers, Microsoft executive vice president Robert Herbold, Oracle Corp. (Nasdaq:ORCL - news) president and CEO Ray Lane, Intel Corp. (Nasdaq:INTC - news) chairman Gordon Moore, eBay president and CEO Meg Whitman, Hewlett Packard president Lew Platt and Charles Schwab, chairman and CEO of the stockbroker company that bears his name. It was a highly impressive turnout from a region that Vice President Al Gore, who may be Bush's Democratic presidential opponent in next year's election, has been courting for years. But Bush had already raised more money from Silicon Valley than Gore in the first three months of this year. Executives said they were attracted by Bush's program of supporting innovation, breaking down trade barriers and removing government regulation. ''The governor has strong support from the high-tech industry that is driven by ingenuity, innovation and the free enterprise system. It's great to have a candidate focused on those fundamentals,'' said Herbold. Lane added: ''This industry needs support from government to continue growing and the Republicans and Bush have been more supportive of business aspects of building this industry.'' Bush, who leads the field for the Republican presidential nomination by a wide margin and has a 10 to 20 percentage point advantage over Gore in recent polls, said the attendance of so many prominent executives at his fund-raiser sent an important message that would be noted all across the country. In his speech, Bush pledged to ''take the side of innovation over litigation every single time'' and put forward a number of general ideas of what he might do as president. He said he would reduce the threat of massive litigation arising from the Year 2000 computer bug known as Y2K. He gave grudging praise to President Clinton, who this week struck a compromise with Congress to limit liability awards. Bush has promised to fight for meaningful tort reform to limit lawsuits against business, a favorite Republican theme. He also proposed making the Internet a duty and tariff-free zone worldwide and promised to combat theft of U.S. intellectual property. Bush said he would loosen regulations limiting the export of civilian computer technology while still protecting militarily sensitive technology. He also proposed a permanent tax credit for research and development. Currently, the credit, worth about $2.5 billion, needs to be renewed annually by Congress. Bush's unprecedented fund-raising prowess has led some commentators to predict the race for the Republican presidential nomination is virtually over before it has begun. Only publisher Steve Forbes, who can draw on a vast personal fortune, will be able to come close to matching Bush's financial resources. Of the other Republicans, Arizona Sen. John McCain has a war chest of $6.1 million and the rest of the field is under $3.5 million. Bush also outpaced Gore in fund raising by two-to-one. dailynews.yahoo.com Gore, the forever "Atari Democrat". Gee, you wouldda thought that they would have been more grateful to the self-professed "inventor of the internet". I mean, he did make them all laugh as none other can.