Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Peter Ecclesine who wrote (28114)	9/25/2008 11:40:52 AM
From: Rob S.	Read Replies (1) \| Respond to of 46821

I sympathize with Craig Barrett's frustrations. Intel has a long-term development culture out of the nature of their business. Many companies focus on quarterly results to because that is what drives stock prices, and salaries and bonuses. And our government has become corrupted by legacy industries rather than focus on long term investments. We are in a similar situation as the years leading up to the great depression of the 30s. We pulled out of that with spending on infrastructure that had the immediate impact of jobs creation but also the more important benefit of economic payoff enabled by transportation systems, hydroelectric, rural electrification, and enhanced education. What are we 'investing' in today that will enable the productivity gains, education, business growth, jobs, and to improve our use of resources to become more ecological in tune and less dependent on foreign sources? Barrett is absolutely right. Our country has allowed the system to get out of control. We respond to major malfunctions by cutting off the life blood of innovation and future jobs creation while putting band aides on distortions caused by escalation of greed driven stimulus to legacy industries and financial sector fixes. The result is taxing the very industries that continue to drive exports and jobs that are based on products rather than 'derivatives'. We are building a nation based on false promises of quick fixes and rewards for those who are the very ones who create the problems we now must bail out. This has grown to become a downward spiral: no doubt there will be a further justification for reducing spending on basic research as a result of the need to pay to have the gun removed from head of the economy. We are paying those who corrupted the system while denying spending on those things that pay long term dividends. Barrett has good cause to be frustrated. The entire industry should be up in arms imo.