The Surprise Is on Silicon Valley, Thanks to Obama

Silicon Valley did a lot to help Obama get elected and Silicon Valley naturally assumed that the Obama would do the same in return. It hasn’t quite turned out that way. The first surprise to many Valleyites is how innately anti-entrepreneurial the new administration has turned out to be. Candidate Obama looked like a high tech executive — smart, hip, a gadget freak — and he certainly talked pro-entrepreneur. But the reality of the past six months has been very different.

Almost every move the new administration has made regarding entrepreneurship seems to be targeting at destroying it in this country. It has left Sarbanes-Oxley intact, added ever-greater burdens on small business owners, called for increasing capital gains taxes and is now preparing to pile on cap-and-trade, double taxation on offshore production and a host of other new costs. Even Obamacare seems likely to land unfairly on small companies.

To read the rest of this article go to  http://abcnews.go.com/Business/Technology/story?id=7816841&page=1

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2 responses to “The Surprise Is on Silicon Valley, Thanks to Obama

  1. What did they expect from a man who spent his entire life either in non-profits or in groups devoted to rigging elections?

    Silicon Valley must learn how to read English.

  2. Pingback: COACHEP » Blog Archive » Posts about Obama Health Care Failure as of June 23, 2009

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