Opinion

Obama's War on Silicon Valley

 

NEW YORK (TheStreet) -- In 2008, Silicon Valley's executives, investors and foot soldiers were tripping all over themselves to support Obama. As with the other 53% of voters, they painted onto Obama's image their hopes for a president.

In contrast, McCain was viewed as a man deeply out of sync with popular culture. At 72, his age, in a culture that supports younger and computer-savvy people, also likely played against him.

Hey, Obama even used a BlackBerry! (Despite Android's best efforts, so did Google's then-CEO Eric Schmidt.)

So because Obama uses a BlackBerry, and was under 50 years old and had been recently seen exercising on a basketball court, he must have been the ideal president for Silicon Valley, right?

Wrong.

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As soon as he became president in January 2009, Obama launched an all-out offensive to destroy Silicon Valley, that continues to this day. The catalog of grievances Silicon Valley now has with Obama includes, but is far from limited to, the following actions and inactions:

1. Immigration. It used to be the case, in the 1960s and 1970s, that the Democrats loved Mexicans -- but only in Mexico. They loved foreign aid, but didn't want the Mexicans here because their union buddies didn't want competition that would bid down wages. On the other hand, Democrats were in favor of immigration for well-educated workers, because they would help advance science and bring about economic growth and industrial excellence.

These tables have now turned. Democrats are now strongly in favor of Mexican immigration, because the industries were they compete have been de-unionized anyway, and they have turned to welfare benefits -- including free health care and free education -- as de-facto bribes in exchange for votes.

In contrast, Democrats and Obama have turned against immigration of educated people who are looking to earn a lot of money -- the kinds of people sought in Silicon Valley. They generally don't want people who will be faced with high tax rates and therefore would oppose Obama's war on "millionaires and billionaires." And God forbid they would be educated enough to do some math with respect to what Obama is doing to the budget and national debt.

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