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Why Republicans Won't Retake Silicon Valley
An anonymous reader writes "Republican consultant Patrick Ruffini, who counts Google as one of his clients, sketches out a way that the GOP could 'win back' Silicon Valley — but he gets smacked down by tech businessman Francis Cianfrocca. 'Patrick's basic thesis is that the VC firms that fund the Valley will rebel at being regulated by [Treasury Secretary] Tim Geithner, who is talking about increasing reporting requirements for both private equity and venture capital. Assuming I understand them both correctly, something tells me that neither Geithner nor Ruffini understand deeply what venture capital is all about.'"
The GOP just needs to embrace that aspect of the party more.
but let's summarize the summary. A political guy says people will come to his side because they wont like what a politician from the other side will do. A business guy says both political guys are clueless. What makes this a Republican issue? Sounds like a politicians are stupid issue. (And I already knew that.)
It's hard to believe that's how Micronians are made. Why don't we see it right now by having you both kiss one another?
The "business as usual" thing is what got us all into this economic mess in the first place. I don't see what the problem is with a little more regulation of all things financial. Sure, it may suck for a little while, but it's the price we have to pay for 30+ years of financial shenanigans.
Anonymous Coward: "This is slashdot. Accuracy is second class citizen here, unlike King Bias."
Actual venture capitalists are relatively few, and their business reporting practices obscured from the average citizen's eye. High-five/six-figure-salaried software engineers who'll have to pay their "fair share" of Obama's triple-the-national-debt package sooner or later (since, like all rich people, they obviously lied/cheated/murdered the lower classes to get where they are) are probably more common. Even in These Perilous Economic Times (tm).
The World Wide Web is dying. Soon, we shall have only the Internet.
I'm not convinced that the overall political leaning of Silicon Valley has anything to do with the respective benefits of the parties on the industry. Rather, it just so happens that the industry is made up, largely, of people who live in a pretty liberal area. Silicon Valley leaned Republican back when California, itself, leaned Republican, and hasn't leaned that way since. I live in an southeast red state, and by straw poll, the people involved in the tech industry here have politics that pretty heavily reflect the general population.
Silicon Valley isn't up for grabs because San Francisco isn't up for grabs.
that the "us vs them" bullshit is ruining america in every measurable sense?
There's full blown media war between fox (right) and msnbc (left), and the victims are anybody with the ability to absorb two opinions, then form their own.
If you are registered voter for either party, you are a follower, a simpleton, and are part of the problem.
Vote for the MAN, not the PARTY.
How is this a troll? Its kind of a tough position for someone living on either a) Mommy and Daddy's money, b) Subsidized student loans, or c) Scholarships to be truly libertarian. Yet middle class white kids do take that hypocritical position while undergrads fairly often. Seems like a fair thing to point out.
My Babylon
It's hard to take seriously an article that makes no mention of Sarbanes-Oxley, which effectively closed the IPO market for venture funded start-ups.
Whichever party cracks that door back open has a shot at winning big supporters from Silicon Valley.
Apolitical? Research donations online, it's easy enough to do. Venture capitalist contributions are large, and in the last election cycle went about 2 to 1 in favor of Democrats.
Could that go to 1 to 1, or even 1 to 2, in favor of Republicans? Certainly, it's up for grabs. Every day employment falls in Silicon Valley, even more so.
There's no plausible reason I've heard or can think of to regulate VCs more closely. They don't pose any systemic risk in the way that lending, derivatives, or insurance can. They're one manifestation of the big virtue in a sea of mixed issues with capitalism: entrepreneurship. If you lose, you lose your money, the business ceases to exist. If you win, you make money (potentially lots of money) creating and selling a viable business. That's it. No bailouts. Investors lose, people may lose jobs, but there's nothing else for anybody to do. All the arguments for regulation that make a certain amount of sense in other sectors tend don't seem to apply well here.
Heck, even if VCs for some reason COULD pose systemic risk, it's a small enough part of the economy (yearly less than what we're probably going to end up loaning to the auto industry) that it probably still wouldn't.
Tweet, tweet.
The Bush era GOP embraced the religious lunatics so much that the rest of America were eventually turned off by them and kicked them out of office. Like any ousted party, their ONLY role in life is to get back into power, which means fooling enough people who they'd turned off before to vote for them again. For this, they will try what the polls tell them they need to try, regardless of their real plans when they get back into power. Those plans will no doubt fall back to mirror the religious lunatics who can be relied on to "vote God". The same applies with the party in power, their ONLY goal is to stay in power. Beyond that, everything is false promises and rhetoric.
I used to think the GOP were all about the rich, conservative middle / upper classes who seek to be allowed to profit from everything without any limitations, and let the poor carry the tax burden. I used to believe the Democrats were a slightly more socialist version of the GOP. I used to think Obamma would be willing to change a few things in the balance of corporation / government / people, but the more I see his decisions, the more I was right to think that the system IS broken and needs to be changed in favor of the tax paying US people.
Politicians deal in speeches. Speeches talk AT the people, not WITH them. Speeches are pre-planned rhetoric carefully worded to mean many things to many audiences as well as written FOR a specific audience. Speeches are rehearsed and performed; not unlike actors on stage in a play. Actors play roles which are not them, doing stuff they wouldn't do, saying stuff they wouldn't say. It's performance lying....and politicians wonder why they are never believed.
If you strongly identify with the Democrats decrying Republicans or the Republicans decrying the Democrats, could you please just re-examine why you're allowing either of the two dominant political parties control you like a mindless sheep. These guys are pretty much all liars and using you. Until Americans think for themselves and hold office holders of all parties responsible for their actions, all the rest of this is cheering at a football game and useless for solving real problems.
Why are you letting these clowns ruin our country?
In my experience, geeks are generally in favor of civil liberties, but also in favor of significant government provision of public services, such as high-speed rail, NASA, and funding for the National Science Foundation. Many also support significant regulation of markets, such as more vigorous enforcement of antitrust law, and institution of net-neutrality rules.
10 PRINT CHR$(205.5+RND(1)); : GOTO 10
Psycho-Sociologists refer to it as "The Ayn Rand Phase."
Bill Gates, Warren Buffett, Michael Dell ... They never worked a hard day in their life?
Color me impressed. I thought Michael Dell started Dell computers out of his Dorm room while in school. I thought Bill Gates started Microsoft in college as well. Warren Buffett started out in his grandfather's grocery store.
I think everyone here would agree they are in the top 5%. I hate dumb blanket statements that people have never worked a hard day in their life when there is so much evidence to the contrary.
I would agree that most people in the top 5% that earned their money through inheritance, did not work hard jobs. Please note I used the word most, not all.
For 2006, top 5% = $153K+. That's good money, but people probably still work pretty hard in that range.
Top 1% = $388K+. Still not necessarily idle rich.
If you get 1 million plus a year in interest, dividends, capital gains, and tax payer bailouts then yes you are probably free of any calluses or stress.