Dan Swinhoe (US) - US Elections pt. I: Tech Companies Funding the Obama Machine
Business Management

Dan Swinhoe (US) - US Elections pt. I: Tech Companies Funding the Obama Machine

With the US elections hotting up before the big day next month, and polls putting Obama and Romney neck and neck, you can expect speeches and promises blurted out left, right and centre. But often the real tell of where priorities lie can be found in the contributors list.

The truth is, without the funds to keep the machine rolling, election campaigns seize up very quickly. Estimates put the cost of this year's contest at a record high of around $6 billion. The Super-PACs (Political Action Committees) have been receiving much of the press attention, due to them being allowed to accept donations of unlimited size from almost any source- individual, corporate or union- the only stipulation being they have to spend the money independently of candidates.

Which company funds which candidate is a tell-tale sign of who the companies predict will make life easier for them post-election. In June, we wrote how Obama and Romney would impact technology, and BO definitely seemed to come out on top. So unsurprisingly, as the man who has promised to protect science and tech funding, tech companies seem to be favouring the incumbent. According to Buzzfeed, tech people account for over $27 million of the $690 million Obama has raised so far.

According to Opensecrets Microsoft and Google are two of Obama's three biggest donators, the two companies' employees and related groups contributing around half a million dollars each to his cause. Lower down the list, telecoms company Comcast has given $260,000, while IBM has donated $200,000.

When speaking to Bloomberg, it seems the tech community are choosing Obama because they see him as man with a similar vision. "This is an industry that embraces people who talk about what the future is going to be," said Rusty Rueff, a Hillsborough, California-based consultant and investor in technology companies, and national co-chairman of the ‘Technology for Obama' group. "As we talk about what the president wants to do, there's not a lot of, ‘Woe is us.'" Instead, he said, "‘It's, ‘Great, let's make things better.'"

Obama's tech-support first appeared during his maiden presidential campaign. Google's Eric Schmidt was an early supporter, as was Microsoft CEO Steve Ballmer. After he was elected, Obama pinched several Googlers and other techies for an advisory board. Their vocal support in 2008 was only matched by the depths of their wallets; Microsoft and Google each gave $800,000, and IBM $500,000.

Even when it comes to Super PACs, tech companies are still donating large amounts to BO. Priorities USA Action has received $2 million apiece from Jeffrey Katzenberg, Chief executive of Dreamworks Animation and Irwin Jacobs, the founder of chipmaker Qualcomm. Medical technology companies are also chipping in, no doubt in response to Obama-care, with D.E. Shaw Research and Masimo donating hundreds of thousands.

Next week we'll look at the tech companies that have donated to the Romney election machine, but that list is far smaller than this one. In the meantime, tell us who you support and why. Does this trend continue with you?

Read part II on tech companies funding Romney here.

By Dan Swinhoe, Editorial Assistant, IDG Connect

PREVIOUS ARTICLE

«Kathryn Cave (Global) - Steve Jobs: The Model of Inspirational Leadership

NEXT ARTICLE

Mark Dean (Africa) - Innovation Leapfrogs Traditional Technologies »
author_image
Dan Swinhoe

Staff Writer at IDG Connect.

  • twt
  • twt
  • Mail

Comments

no-images

Chris on October 05 2012

First - your spelling is horrible - secondly - I think the majority of people care more about the future of the country...and less about the future of the gimme gimme companies....16 trillion is debt...President is a failure

no-images

Fred on October 05 2012

Your sentence, "In June, we wrote how Obama and Romney would impact technology, and BO definitely seemed to come out on top." shows you know absolutely NOTHING about economics and the harm this man is doing to this country! As a small business owner, my unemployment taxes went up to be higher than my payroll for a month not long after BHO got into office, since he "wanted to help these folks". HE DOESN'T HELP ANYONE, HE ONLY HELPS HIMSELF TO OUR MONEY AND DISTRIBUTES IT OUT TO BUY VOTES!!! We MUST get rid of him and his fellow communists! (If you don't believe they're communists, go to cpusa.org and I dare you to find the difference between what they promote and the democrat party agenda!)

no-images

Kathy on October 05 2012

How about the gimme gimme companies like the banks? They are all backing Romney? I don't think you can write off the influence of corporate America on the elections. In my opinion, its part of whats wrong with this country. I for one am glad to see that there are big businesses who don't believe in Romney's favortism for the corporations and the wealthy.

no-images

Superhl on October 05 2012

Wake up America! What we need is tax reform! Flat tax + sales tax - no deductions. The federal government should be only a percentage of the GDP. Why do we need to do this? Because politicians will not man or woman up. They love their positions and power. I will vote for Romney. The first debate showed me that Obama is clueless! Someone else is guiding BO.

no-images

Fred on October 05 2012

These bank accusations are all smoke and mirrors. These banks donate heavily to Obama! Kathy, have you ever had to meet a payroll? Have you ever had to pay payroll taxes? Have you ever had to deal with government bureaucrats who can shut you down for political reasons??? Have you ever tried to hire someone who has been on unemployment for 99 weeks and is now looking for a job because their free money finally expired??? Their work ethic is SHOT!!! And the FIRST moment they requalify for more free money, they are out the door signing back up, and will get it if we don’t fight it! This is absurdity! The government is giving away record amounts of food stamps, housing assistance, free schooling/training, free phones, etc., etc., and I believe at least 90% of it IS WASTED!!! (I personally know many people who take advantage of the system, not one of them in real need.) This is money taken from the rest of us at gunpoint! I am not rich, just trying to survive, and yes, may end up that way. But in the meantime, I lost my house too, and I didn't get any bailout like the banks did under Obama! Instead I went back to busting my ass, and things are finally coming back for me! But all of us working now have to work 3 jobs to support all those sitting around collecting free money! IT’S NOT FREE!!! Under Obama, the D.O.L. is out of control, the E.P.A. is out of control. These bureaucrats only know power and are unelected! The amount of power they wield is incredibly dangerous! The communist takeover of our country is nearly complete, and will become so if Obama is re-elected! PLEASE PEOPLE WAKE UP!!! Check the facts! When the government gets too large, it becomes a self-sustaining parasite that feeds on the people, and the rich will always find a way to escape, (just look at John Kerry and Theresa Heinz and how little they pay) so it mostly feeds on the middle class! And the bigger it is, the hungrier it gets! It will eventually get too large and collapse the system! Just as societies have done for thousands of years! Just as we are not seeing in Europe! And then where will we be??? Freedom works! That’s not favoritism! Spreading the wealth around via government in control just makes everyone poor! Just look at the comparison between North Korea and South Korea with the night satellite photos for a stark indicator of the differences.

no-images

Joe on October 05 2012

In the debate Romney promised to not increase taxes and balance the budget. Just like Reagan, Bush 1, Bush 2. At the end of each of those presidents terms, the national debt was higher, and the annual deficits were higher than their Democratic predecessor. Get the facts, see http://home.adelphi.edu/sbloch/deficits.html . What Romney promises historically ends up making debt and deficits worse.

no-images

alan on October 05 2012

These numbers are meaningless in themselves without comparison with what the entities give Romney. A side by side comparison would tell us more.

no-images

Jerry on October 05 2012

Thanks for this article. Obviously it only scratches the surface, but I've often wondered where some of the Tech markets stand on Obama's policies. The biggest problem with the article is that you end it with asking for political opinions from your readers, so the comment area should fill with rabid silliness in no time.

no-images

Fred on October 05 2012

Joe, how old are you? Just curious. (I am a 57 year old engineer, grandfather, business owner, conservative.) The last 5 trillion are from Obama are they not? You are picking "facts" out of the air and not actually examining the systems and how they work. The democratic congress is who spent the most money, not the presidents. The only balanced budgets in the last few years were under Clinton, but not until the 1994 takeover of the House. Yes, both Bush's were not very conservative and let spending increase. But the throttle was cranked wide open under Obama! Look at gold nearing $1800 an ounce. That is due to so much money being "printed" in the last 3 years, with more to come. Romney is not the perfect conservative, but at least he was able to balance the Olympic budget, so he should be able to bring this one in line. I would love to continue this, but I have got to get back to work. All those free phones' bills need paid by someone.

no-images

Kenny G. on October 05 2012

First, the info the web page is useless unless you understand the financial reasons for why a deficit goes up or down, in most cases, the previous administrations decisions and spending with affect the deficit for the current administration. That being said, my statement does not always hold true, since Obama has overspent without any financial strategy, which in turn blows the deficit out of the water. The only reason Clinton's financial numbers looked so good, is becuase of pure accounting, which means he provided a way to allow people to spend money, without creating a government burden during his years in office, hence the realestate melt down. Clinton's "every person deserves a house" loan scheme, inflated the housing market, allowed banks to make loans that people could not afford and when it all came to a head, Bush was in office. Get your facts straight and understand how the financial trends really work.

no-images

j.cope on October 05 2012

You should add some more lines about how females, minorities, and bald-headed rock squirrels are unrepresented in the tech fields. Maybe add some stuff about obesity and unplugging all my servers to save energy.

no-images

Wes on October 05 2012

There are ba lot of things I don't like about Obama but Romney scares the heck out of me. He helped create the 47% he doesn't care about by sending jobs to China he is a tool for his Chinese Overlords.

no-images

Jim Polichak on October 05 2012

I honestly don't know how anyone can continue to support Mitt Romney. He's either a serial liar or worse, maybe he actually believes everything he says when he say it. If you look at what Romney has said on any given issue from abortion to welfare you'll find that his positions have evolved and devolved and rotated to encompass virtually every side of the issue. When he ran against Ted Kennedy he was a progressive liberal Republican. When he ran in the primaries he was Mr. Conservative. In the debate... Moderate Mitt emerged. Who can have the slightest notion of which Romney they might be voting for on election day? All I know for sure is that between November and January which ever Romney was elected a different Romney would take the oath. And most likely a different Romney would sit down in the oval office the next morning.

no-images

Jim Polichak on October 05 2012

I honestly don't know how anyone can continue to support Mitt Romney. He's either a serial liar or worse, maybe he actually believes everything he says when he say it. If you look at what Romney has said on any given issue from abortion to welfare you'll find that his positions have evolved and devolved and rotated to encompass virtually every side of the issue. When he ran against Ted Kennedy he was a progressive liberal Republican. When he ran in the primaries he was Mr. Conservative. In the debate... Moderate Mitt emerged. Who can have the slightest notion of which Romney they might be voting for on election day? All I know for sure is that between November and January which ever Romney was elected a different Romney would take the oath. And most likely a different Romney would sit down in the oval office the next morning.

no-images

Ric Tolboe on October 05 2012

Fred, I never post, but had to add my support to your comments. As a small business owner I have personally seen the consequences of over-regulation and government intervention. Payroll taxes, unemployment taxes, matching taxes, Medical insurance premiums mandated, work men's compensation taxes, increasing property taxes (even with a 60% loss in value), increasing regulations, rent, decreasing reimbursements, etc., have made staying in business nearly impossible. I have owned my own business for over 33 years. We need to elect those who understand how hard it is to start, build, grow, and sustain a business, not those who have never known this world. Years ago I saw the devastating effects of workers striking a company for better wages and benefits. At that time (20 years ago), they were making $55/hr, had 12 weeks paid vacation per year, medical benefits, etc. when I asked them why they were striking, they said: "Because without us the company is nothing!". Our country cannot survive when that attitude exists, but that is how many citizens feel. The government 'owes' us a living. No wonder our country is no longer competitive in the world. Time to open our eyes and take a long hard look at reality!

no-images

Sid Siddiqui on October 05 2012

i think it very essential to pitch in to Obama's election to safe guard the future technology. It's a great time for the technologies company to play an important role for the future of our country.Remember! the Buck Stop here! We are and we will be in the Leadership role for the rest of the world by helping Obama to carry on his message.

no-images

Kathy on October 05 2012

First off, the bank issue is not smoke and mirrors. What I do for a living keeps me very close to what goes on in Washington regarding regulations. I can tell you for a fact, that the banks don’t want regulation because they want to keep doing things the way they have for the last 15 years and the republicans (like Romney) agree they should be able to do whatever they want. I agree with your point regarding the bank bailouts. Isn’t time we got smart and made them play by a few rules? Then maybe they wouldn’t get themselves in so deep. And just for the record, the bailouts started with Bush. Since you did your rant about big government, I will do mine about corporate America. I am a complete believer in capitalism and democracy. But, talk about WAKING UP AMERICA – can’t you see that the big corporations are taking advantage of all of us? Believe me I worked in large corporations for 20 + years and in management. We are getting the raw end of the deal while their executives collect million dollar bonuses. That is going to collapse our system and almost completely did a few years ago. I too am a small business owner and I have had to make a payroll. I pay payroll taxes as well. I also pay unemployment taxes which I cannot collect for myself (even when I have no clients) because I am the owner. Like you I have lost everything as well and nobody came to save me either. I've never collected a dime from the federal or state government. Even though I have a struggling business due to the economy, health issues that don't allow me to work a Mon-Fri 9-5 job like a lot of people, no family to rely on, I can barely afford my health insurance and until I make $0 for probably at least 6 months I cannot collect disability. That means I live on the street for 6 months and then if they can find me maybe I’ll get some help. Believe me Fred you have NOTHING over what I have been through. And I still found a way to do it. But I can tell you that there are people out there who DESERVE what Obama wants to provide. I would never say 'everyone' is honest about it but I think it is our responsibility as good American citizens to help those who are less fortunate. What amazes Fred, is there are so many people like you who think you have had the worst end of the deal and you aren't anywhere close......

no-images

Jared on October 05 2012

You say the banks are for Romney. Do your homework before spreading more liberal propaganda. Citigroup, goldman sachs, chase are among Obamas top contributors. As for Microsoft and Google, they dont like Romney because he would close their loopholes. They donate to lower their tax liability. Obama wants to raise taxes but leave the loopholes open for his "friend" aka contributors. Either that or he will give them gov money like solindra. True Chicago politician for you! SHEEPLE! Wake up!

no-images

Kathy on October 05 2012

There is so much I could say but I will try to keep it brief, partly because life is way too short to spend our time debating this and in all likelihood not change anyone’s opinion…. We are just spouting off…. I too am a small business owner, I too have lost everything (home, money in the bank, business, etc) and still survived on my own with significant health issues and no second bread winner. No one helped me. In fact the options out there to get help are often so messed up they are unusable. That doesn't mean that there aren’t good decent people out there who deserve them. It just means that no one - republican or democrat can make it work. And if you think the government needs to be smaller so corporate American can answer all our problems....... then you really don't know what goes on in corporate America. I spent many years in management in large organizations before becoming self employed. They are looking out for themselves and their bonuses and don't make any mistake about that. They really don't care that much about what's good for the other guy.... only their personal charities. I believe as good citizens that it is our obligation to help those who are less fortunate. Fred, it really is too bad that you seem to think that your situation is so bad no one else can compare. I would think it would be a miserable way to live. I've had many tell me my situation is really bad and every day I feel blessed because I know it could be worse. And I smile and laugh every day.

no-images

Roger Smith on October 06 2012

What traitors. I can forgive someone who's too stupid to know better, but these companies have enough brains to know what a corrupt moron and a failure Obama is. Supporting his campaign is a total betrayal of their customers. If that's how they feel about me, I'm phasing them out. First to go, Comcast, which also owns MSNBC. Then, ...

no-images

SFSecurity on October 07 2012

"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country." I think this applies still today, no matter which presidential candidate they support.

no-images

Walter on October 13 2012

Obama inherited a surplus and racked up deficits right? Yeah, lets go back to those tax cut policies and throw in a war with Iran for good measure and our country would prosper again, right? Over regulation of the banks by the Bush2 admin gave us the bank financial crises right? Welfare and people gaming the unemployment system they contributed into vs Corporate welfare even to the likes of Exxon Mobil that's good right? Hey corporations are people, right? Romney balanced the winter olympics without gov't aid, right? Romney was so good, after his stint as Gov. of Mass. their state was not 47th in the nation right? Talk about blinders! Wow, kudos Kathy!

no-images

Duane on October 13 2012

I am amazed there are still folks who think Obama (or government, for that matter) is the answer for our problems. I shall refrain by simply quoting from Rev. Boetcker, 1916: You cannot bring about prosperity by discouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help little men by tearing down big men. You cannot lift the wage earner by pulling down the wage payer. You cannot help the poor by destroying the rich. You cannot establish sound security on borrowed money. You cannot further the brotherhood of man by inciting class hatred. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by destroying men's initiative and independence. And you cannot help men permanently by doing for them what they can and should do for themselves. Also his Seven National Crimes: I don’t think. I don’t know. I don’t care. I am too busy. I leave well enough alone. I have no time to read and find out. I am not interested. (let me add: I am only interested in myself, and what others can do for me.)

no-images

Reg Grant on October 13 2012

One commenter said - that we need to support Barak Obama - so he can carry on his message. True - his message sounds good. BUT! His actions are a whole 'nother thing. Obama failed us for these 4 years. he didn't do his job. He campaigned - working hard at harvesting votes -anyway he could - getting corporate donors to keep giving him funding, by creating policies to get voters, not for what is best for the country - i.e. - his young illegal immigrant executive order - to make hispanics feel apply. He totally lied about the Benghazi attack, because he failed us on so many levels with that whole situation, and wants to keep this hidden from voters. We need a President who will, actually, do the job, instead of campaigning for 4 years!

no-images

Leslie Satenstein on October 13 2012

Technology is driving the USA economy today. It is not the policies of either major party. The parties will be there to provide stimulus, and to ensure that if the government needs to snoop, to take-over or to ensure that the newer technologies to come are designed to prevent cyberfraud. As far as spending, etc. The Bush Administration with Haliburton squandered away the American Savings by phenominally increasing debt. America is today a poor country. As a business man, it hurts me when the superwealthy, such as Romney only paid $13,000 in income tax. I earned about 75k and I paid about $25,000. Obama's plan is to bring fairness back to financing America. Yes, debt increased, but the consequences would have been a full American and worldwide recession that only your great grandparents had lived through. I agree with Bill Clinton -- trickle down economy does not work -- greed is human nature that does not allow it to happen.

no-images

Barry on October 13 2012

No one in history has given more free money to the banks, prosecuted less or created a bigger deficit than Obama. He hands out money for blue sky project here there everywhere. Unfortunately that money is yours kids and there is a pile of $16 Trillion of debt....works out to $52000 for every single person in the country! Romney can not possible be worse...and has a record of responsibly. Obama record is AWFUL. He couldn't have spent more and got less...well except for the Investment Banks they have never made more money...and now with Ben Bernanke have an unlimited supply of ZERO PERCENT money with a printing press at the FED. Vote like your life dependent on it....do you think Spain, Greece or Italy really thought their countries were headed to death spiral...we have the same debt to GDP!!!

no-images

Steve G on October 13 2012

Please! WAKE UP! Obama has already played his hand to the corporate world. He will tax away all the foreign earned profits, he will eventually take over the company, telling the Stockholders, bond holders and any non-union employees to shove it and then appoint a CZAR to decide what the company can build, charge and do with its resources Any body else, especially the thinkers that make the company the profitable entity it has become, will be subjects to this Government Rub ( into the ground) Economic Socialist model Just take a look at General Motors, the Tax payer is still on the hook for $30B, that we will never get back The "volt" is a financial failure, anll based on the Governments desire to make us in "their image" anybody know how to spell Tyrrany"?

no-images

Julia on October 13 2012

GOP voted and got us into two wars. That includes flip- flopping Romney and Lyin' Ryan! And then they complain about the spending? C'mon folks lets stop acting like spoiled children: read, research, get the facts. Obama may not be perfect, but he is magnitudes better fit the US than Romney. Romney has not specified anything they just criticize criticize..... No solution whatsoever . When pushed they say ' we actually like this part or that part of this program.' He says he is a businesan, he knows how to create jobs ! Checkout Romney's record in Mass. He was 47th. In job creation!!! He is number 1 in shipping jobs to China, after bankrupting companies, laying off workers, and making millions over those people who lost their jobs!

no-images

Sampso on October 15 2012

Anyone who votes for Romney is doing so with full blinders on or with unenlightened self-interest. As the president of an asset management / private equity firm... spot on, right choice! As the president of a company where the welfare of all shareholders is a goal... very suspect. As the president of the United States... scariest thing ever!!!!

no-images

etmax on October 15 2012

It's amazing how passionate people get at election time. I'm not in the US and so can't influence the election in any way, but would like to offer a few truths and opinions. I'll let you all be the judge of which is which. 1. There can be no peace without social justice. To ignore this is to spend more money on walls, weapons, police and insurance than you ever would have to fix the chasm between rich and poor. 2. You have to pay taxes for services, if you don't you eventually end up without services. 3. You only get to choose (to some extent) where your taxes go at election time when you vote. 4. If you got the quality and amount services based on the percentage of of your income that went on taxes the bottom 20% of earners would get better services than the top 30% Relating to 3. consider all for when you vote. Best of luck.

no-images

DC on October 15 2012

If we actually put their policies into a technology context, BO is Microsoft, centralized dictates, and MR is Open Source, distributed decision making. Does anyone believe that 15 appointed bureaucrats, awash in special interest money, making one-size fits all decisions for a diverse country, will produce better outcomes than allocating funds to the states, many of which will distribute decision making down, thus creating thousands of little laboraties for innovation and thereby providing better healthcare, to more people, for less?

no-images

Chris on October 05 2012

First - your spelling is horrible - secondly - I think the majority of people care more about the future of the country...and less about the future of the gimme gimme companies....16 trillion is debt...President is a failure

no-images

Fred on October 05 2012

Your sentence, "In June, we wrote how Obama and Romney would impact technology, and BO definitely seemed to come out on top." shows you know absolutely NOTHING about economics and the harm this man is doing to this country! As a small business owner, my unemployment taxes went up to be higher than my payroll for a month not long after BHO got into office, since he "wanted to help these folks". HE DOESN'T HELP ANYONE, HE ONLY HELPS HIMSELF TO OUR MONEY AND DISTRIBUTES IT OUT TO BUY VOTES!!! We MUST get rid of him and his fellow communists! (If you don't believe they're communists, go to cpusa.org and I dare you to find the difference between what they promote and the democrat party agenda!)

no-images

Kathy on October 05 2012

How about the gimme gimme companies like the banks? They are all backing Romney? I don't think you can write off the influence of corporate America on the elections. In my opinion, its part of whats wrong with this country. I for one am glad to see that there are big businesses who don't believe in Romney's favortism for the corporations and the wealthy.

no-images

Superhl on October 05 2012

Wake up America! What we need is tax reform! Flat tax + sales tax - no deductions. The federal government should be only a percentage of the GDP. Why do we need to do this? Because politicians will not man or woman up. They love their positions and power. I will vote for Romney. The first debate showed me that Obama is clueless! Someone else is guiding BO.

no-images

Fred on October 05 2012

These bank accusations are all smoke and mirrors. These banks donate heavily to Obama! Kathy, have you ever had to meet a payroll? Have you ever had to pay payroll taxes? Have you ever had to deal with government bureaucrats who can shut you down for political reasons??? Have you ever tried to hire someone who has been on unemployment for 99 weeks and is now looking for a job because their free money finally expired??? Their work ethic is SHOT!!! And the FIRST moment they requalify for more free money, they are out the door signing back up, and will get it if we don’t fight it! This is absurdity! The government is giving away record amounts of food stamps, housing assistance, free schooling/training, free phones, etc., etc., and I believe at least 90% of it IS WASTED!!! (I personally know many people who take advantage of the system, not one of them in real need.) This is money taken from the rest of us at gunpoint! I am not rich, just trying to survive, and yes, may end up that way. But in the meantime, I lost my house too, and I didn't get any bailout like the banks did under Obama! Instead I went back to busting my ass, and things are finally coming back for me! But all of us working now have to work 3 jobs to support all those sitting around collecting free money! IT’S NOT FREE!!! Under Obama, the D.O.L. is out of control, the E.P.A. is out of control. These bureaucrats only know power and are unelected! The amount of power they wield is incredibly dangerous! The communist takeover of our country is nearly complete, and will become so if Obama is re-elected! PLEASE PEOPLE WAKE UP!!! Check the facts! When the government gets too large, it becomes a self-sustaining parasite that feeds on the people, and the rich will always find a way to escape, (just look at John Kerry and Theresa Heinz and how little they pay) so it mostly feeds on the middle class! And the bigger it is, the hungrier it gets! It will eventually get too large and collapse the system! Just as societies have done for thousands of years! Just as we are not seeing in Europe! And then where will we be??? Freedom works! That’s not favoritism! Spreading the wealth around via government in control just makes everyone poor! Just look at the comparison between North Korea and South Korea with the night satellite photos for a stark indicator of the differences.

no-images

Joe on October 05 2012

In the debate Romney promised to not increase taxes and balance the budget. Just like Reagan, Bush 1, Bush 2. At the end of each of those presidents terms, the national debt was higher, and the annual deficits were higher than their Democratic predecessor. Get the facts, see http://home.adelphi.edu/sbloch/deficits.html . What Romney promises historically ends up making debt and deficits worse.

no-images

alan on October 05 2012

These numbers are meaningless in themselves without comparison with what the entities give Romney. A side by side comparison would tell us more.

no-images

Jerry on October 05 2012

Thanks for this article. Obviously it only scratches the surface, but I've often wondered where some of the Tech markets stand on Obama's policies. The biggest problem with the article is that you end it with asking for political opinions from your readers, so the comment area should fill with rabid silliness in no time.

no-images

Fred on October 05 2012

Joe, how old are you? Just curious. (I am a 57 year old engineer, grandfather, business owner, conservative.) The last 5 trillion are from Obama are they not? You are picking "facts" out of the air and not actually examining the systems and how they work. The democratic congress is who spent the most money, not the presidents. The only balanced budgets in the last few years were under Clinton, but not until the 1994 takeover of the House. Yes, both Bush's were not very conservative and let spending increase. But the throttle was cranked wide open under Obama! Look at gold nearing $1800 an ounce. That is due to so much money being "printed" in the last 3 years, with more to come. Romney is not the perfect conservative, but at least he was able to balance the Olympic budget, so he should be able to bring this one in line. I would love to continue this, but I have got to get back to work. All those free phones' bills need paid by someone.

no-images

Kenny G. on October 05 2012

First, the info the web page is useless unless you understand the financial reasons for why a deficit goes up or down, in most cases, the previous administrations decisions and spending with affect the deficit for the current administration. That being said, my statement does not always hold true, since Obama has overspent without any financial strategy, which in turn blows the deficit out of the water. The only reason Clinton's financial numbers looked so good, is becuase of pure accounting, which means he provided a way to allow people to spend money, without creating a government burden during his years in office, hence the realestate melt down. Clinton's "every person deserves a house" loan scheme, inflated the housing market, allowed banks to make loans that people could not afford and when it all came to a head, Bush was in office. Get your facts straight and understand how the financial trends really work.

no-images

j.cope on October 05 2012

You should add some more lines about how females, minorities, and bald-headed rock squirrels are unrepresented in the tech fields. Maybe add some stuff about obesity and unplugging all my servers to save energy.

no-images

Wes on October 05 2012

There are ba lot of things I don't like about Obama but Romney scares the heck out of me. He helped create the 47% he doesn't care about by sending jobs to China he is a tool for his Chinese Overlords.

no-images

Jim Polichak on October 05 2012

I honestly don't know how anyone can continue to support Mitt Romney. He's either a serial liar or worse, maybe he actually believes everything he says when he say it. If you look at what Romney has said on any given issue from abortion to welfare you'll find that his positions have evolved and devolved and rotated to encompass virtually every side of the issue. When he ran against Ted Kennedy he was a progressive liberal Republican. When he ran in the primaries he was Mr. Conservative. In the debate... Moderate Mitt emerged. Who can have the slightest notion of which Romney they might be voting for on election day? All I know for sure is that between November and January which ever Romney was elected a different Romney would take the oath. And most likely a different Romney would sit down in the oval office the next morning.

no-images

Jim Polichak on October 05 2012

I honestly don't know how anyone can continue to support Mitt Romney. He's either a serial liar or worse, maybe he actually believes everything he says when he say it. If you look at what Romney has said on any given issue from abortion to welfare you'll find that his positions have evolved and devolved and rotated to encompass virtually every side of the issue. When he ran against Ted Kennedy he was a progressive liberal Republican. When he ran in the primaries he was Mr. Conservative. In the debate... Moderate Mitt emerged. Who can have the slightest notion of which Romney they might be voting for on election day? All I know for sure is that between November and January which ever Romney was elected a different Romney would take the oath. And most likely a different Romney would sit down in the oval office the next morning.

no-images

Ric Tolboe on October 05 2012

Fred, I never post, but had to add my support to your comments. As a small business owner I have personally seen the consequences of over-regulation and government intervention. Payroll taxes, unemployment taxes, matching taxes, Medical insurance premiums mandated, work men's compensation taxes, increasing property taxes (even with a 60% loss in value), increasing regulations, rent, decreasing reimbursements, etc., have made staying in business nearly impossible. I have owned my own business for over 33 years. We need to elect those who understand how hard it is to start, build, grow, and sustain a business, not those who have never known this world. Years ago I saw the devastating effects of workers striking a company for better wages and benefits. At that time (20 years ago), they were making $55/hr, had 12 weeks paid vacation per year, medical benefits, etc. when I asked them why they were striking, they said: "Because without us the company is nothing!". Our country cannot survive when that attitude exists, but that is how many citizens feel. The government 'owes' us a living. No wonder our country is no longer competitive in the world. Time to open our eyes and take a long hard look at reality!

no-images

Sid Siddiqui on October 05 2012

i think it very essential to pitch in to Obama's election to safe guard the future technology. It's a great time for the technologies company to play an important role for the future of our country.Remember! the Buck Stop here! We are and we will be in the Leadership role for the rest of the world by helping Obama to carry on his message.

no-images

Kathy on October 05 2012

First off, the bank issue is not smoke and mirrors. What I do for a living keeps me very close to what goes on in Washington regarding regulations. I can tell you for a fact, that the banks don’t want regulation because they want to keep doing things the way they have for the last 15 years and the republicans (like Romney) agree they should be able to do whatever they want. I agree with your point regarding the bank bailouts. Isn’t time we got smart and made them play by a few rules? Then maybe they wouldn’t get themselves in so deep. And just for the record, the bailouts started with Bush. Since you did your rant about big government, I will do mine about corporate America. I am a complete believer in capitalism and democracy. But, talk about WAKING UP AMERICA – can’t you see that the big corporations are taking advantage of all of us? Believe me I worked in large corporations for 20 + years and in management. We are getting the raw end of the deal while their executives collect million dollar bonuses. That is going to collapse our system and almost completely did a few years ago. I too am a small business owner and I have had to make a payroll. I pay payroll taxes as well. I also pay unemployment taxes which I cannot collect for myself (even when I have no clients) because I am the owner. Like you I have lost everything as well and nobody came to save me either. I've never collected a dime from the federal or state government. Even though I have a struggling business due to the economy, health issues that don't allow me to work a Mon-Fri 9-5 job like a lot of people, no family to rely on, I can barely afford my health insurance and until I make $0 for probably at least 6 months I cannot collect disability. That means I live on the street for 6 months and then if they can find me maybe I’ll get some help. Believe me Fred you have NOTHING over what I have been through. And I still found a way to do it. But I can tell you that there are people out there who DESERVE what Obama wants to provide. I would never say 'everyone' is honest about it but I think it is our responsibility as good American citizens to help those who are less fortunate. What amazes Fred, is there are so many people like you who think you have had the worst end of the deal and you aren't anywhere close......

no-images

Jared on October 05 2012

You say the banks are for Romney. Do your homework before spreading more liberal propaganda. Citigroup, goldman sachs, chase are among Obamas top contributors. As for Microsoft and Google, they dont like Romney because he would close their loopholes. They donate to lower their tax liability. Obama wants to raise taxes but leave the loopholes open for his "friend" aka contributors. Either that or he will give them gov money like solindra. True Chicago politician for you! SHEEPLE! Wake up!

no-images

Kathy on October 05 2012

There is so much I could say but I will try to keep it brief, partly because life is way too short to spend our time debating this and in all likelihood not change anyone’s opinion…. We are just spouting off…. I too am a small business owner, I too have lost everything (home, money in the bank, business, etc) and still survived on my own with significant health issues and no second bread winner. No one helped me. In fact the options out there to get help are often so messed up they are unusable. That doesn't mean that there aren’t good decent people out there who deserve them. It just means that no one - republican or democrat can make it work. And if you think the government needs to be smaller so corporate American can answer all our problems....... then you really don't know what goes on in corporate America. I spent many years in management in large organizations before becoming self employed. They are looking out for themselves and their bonuses and don't make any mistake about that. They really don't care that much about what's good for the other guy.... only their personal charities. I believe as good citizens that it is our obligation to help those who are less fortunate. Fred, it really is too bad that you seem to think that your situation is so bad no one else can compare. I would think it would be a miserable way to live. I've had many tell me my situation is really bad and every day I feel blessed because I know it could be worse. And I smile and laugh every day.

no-images

Roger Smith on October 06 2012

What traitors. I can forgive someone who's too stupid to know better, but these companies have enough brains to know what a corrupt moron and a failure Obama is. Supporting his campaign is a total betrayal of their customers. If that's how they feel about me, I'm phasing them out. First to go, Comcast, which also owns MSNBC. Then, ...

no-images

SFSecurity on October 07 2012

"I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country." I think this applies still today, no matter which presidential candidate they support.

no-images

Walter on October 13 2012

Obama inherited a surplus and racked up deficits right? Yeah, lets go back to those tax cut policies and throw in a war with Iran for good measure and our country would prosper again, right? Over regulation of the banks by the Bush2 admin gave us the bank financial crises right? Welfare and people gaming the unemployment system they contributed into vs Corporate welfare even to the likes of Exxon Mobil that's good right? Hey corporations are people, right? Romney balanced the winter olympics without gov't aid, right? Romney was so good, after his stint as Gov. of Mass. their state was not 47th in the nation right? Talk about blinders! Wow, kudos Kathy!

no-images

Duane on October 13 2012

I am amazed there are still folks who think Obama (or government, for that matter) is the answer for our problems. I shall refrain by simply quoting from Rev. Boetcker, 1916: You cannot bring about prosperity by discouraging thrift. You cannot strengthen the weak by weakening the strong. You cannot help little men by tearing down big men. You cannot lift the wage earner by pulling down the wage payer. You cannot help the poor by destroying the rich. You cannot establish sound security on borrowed money. You cannot further the brotherhood of man by inciting class hatred. You cannot keep out of trouble by spending more than you earn. You cannot build character and courage by destroying men's initiative and independence. And you cannot help men permanently by doing for them what they can and should do for themselves. Also his Seven National Crimes: I don’t think. I don’t know. I don’t care. I am too busy. I leave well enough alone. I have no time to read and find out. I am not interested. (let me add: I am only interested in myself, and what others can do for me.)

no-images

Reg Grant on October 13 2012

One commenter said - that we need to support Barak Obama - so he can carry on his message. True - his message sounds good. BUT! His actions are a whole 'nother thing. Obama failed us for these 4 years. he didn't do his job. He campaigned - working hard at harvesting votes -anyway he could - getting corporate donors to keep giving him funding, by creating policies to get voters, not for what is best for the country - i.e. - his young illegal immigrant executive order - to make hispanics feel apply. He totally lied about the Benghazi attack, because he failed us on so many levels with that whole situation, and wants to keep this hidden from voters. We need a President who will, actually, do the job, instead of campaigning for 4 years!

no-images

Leslie Satenstein on October 13 2012

Technology is driving the USA economy today. It is not the policies of either major party. The parties will be there to provide stimulus, and to ensure that if the government needs to snoop, to take-over or to ensure that the newer technologies to come are designed to prevent cyberfraud. As far as spending, etc. The Bush Administration with Haliburton squandered away the American Savings by phenominally increasing debt. America is today a poor country. As a business man, it hurts me when the superwealthy, such as Romney only paid $13,000 in income tax. I earned about 75k and I paid about $25,000. Obama's plan is to bring fairness back to financing America. Yes, debt increased, but the consequences would have been a full American and worldwide recession that only your great grandparents had lived through. I agree with Bill Clinton -- trickle down economy does not work -- greed is human nature that does not allow it to happen.

no-images

Barry on October 13 2012

No one in history has given more free money to the banks, prosecuted less or created a bigger deficit than Obama. He hands out money for blue sky project here there everywhere. Unfortunately that money is yours kids and there is a pile of $16 Trillion of debt....works out to $52000 for every single person in the country! Romney can not possible be worse...and has a record of responsibly. Obama record is AWFUL. He couldn't have spent more and got less...well except for the Investment Banks they have never made more money...and now with Ben Bernanke have an unlimited supply of ZERO PERCENT money with a printing press at the FED. Vote like your life dependent on it....do you think Spain, Greece or Italy really thought their countries were headed to death spiral...we have the same debt to GDP!!!

no-images

Steve G on October 13 2012

Please! WAKE UP! Obama has already played his hand to the corporate world. He will tax away all the foreign earned profits, he will eventually take over the company, telling the Stockholders, bond holders and any non-union employees to shove it and then appoint a CZAR to decide what the company can build, charge and do with its resources Any body else, especially the thinkers that make the company the profitable entity it has become, will be subjects to this Government Rub ( into the ground) Economic Socialist model Just take a look at General Motors, the Tax payer is still on the hook for $30B, that we will never get back The "volt" is a financial failure, anll based on the Governments desire to make us in "their image" anybody know how to spell Tyrrany"?

no-images

Julia on October 13 2012

GOP voted and got us into two wars. That includes flip- flopping Romney and Lyin' Ryan! And then they complain about the spending? C'mon folks lets stop acting like spoiled children: read, research, get the facts. Obama may not be perfect, but he is magnitudes better fit the US than Romney. Romney has not specified anything they just criticize criticize..... No solution whatsoever . When pushed they say ' we actually like this part or that part of this program.' He says he is a businesan, he knows how to create jobs ! Checkout Romney's record in Mass. He was 47th. In job creation!!! He is number 1 in shipping jobs to China, after bankrupting companies, laying off workers, and making millions over those people who lost their jobs!

no-images

Sampso on October 15 2012

Anyone who votes for Romney is doing so with full blinders on or with unenlightened self-interest. As the president of an asset management / private equity firm... spot on, right choice! As the president of a company where the welfare of all shareholders is a goal... very suspect. As the president of the United States... scariest thing ever!!!!

no-images

etmax on October 15 2012

It's amazing how passionate people get at election time. I'm not in the US and so can't influence the election in any way, but would like to offer a few truths and opinions. I'll let you all be the judge of which is which. 1. There can be no peace without social justice. To ignore this is to spend more money on walls, weapons, police and insurance than you ever would have to fix the chasm between rich and poor. 2. You have to pay taxes for services, if you don't you eventually end up without services. 3. You only get to choose (to some extent) where your taxes go at election time when you vote. 4. If you got the quality and amount services based on the percentage of of your income that went on taxes the bottom 20% of earners would get better services than the top 30% Relating to 3. consider all for when you vote. Best of luck.

no-images

DC on October 15 2012

If we actually put their policies into a technology context, BO is Microsoft, centralized dictates, and MR is Open Source, distributed decision making. Does anyone believe that 15 appointed bureaucrats, awash in special interest money, making one-size fits all decisions for a diverse country, will produce better outcomes than allocating funds to the states, many of which will distribute decision making down, thus creating thousands of little laboraties for innovation and thereby providing better healthcare, to more people, for less?

Add Your Comment

  • captcha

Related reading

IDG Connect

Business Management

The Indian Startup Scene

India is changing rapidly. The population is flooding online and numerous businesses are springing up to service them. Some will succeed and some w

Code42

Business Management

Tips for Driving User Adoption in New Technology Deployment...

One of the most frustrating aspects of working within IT can be getting users to actually use all of the great tools we build and support for them.

no-image

Most Recent Comments

no-image

Resource Center

  • /view_company_report/213/brocade
  • /view_company_report/1487/canon
  • /view_company_report/103/cisco-systems-inc
  • /view_company_report/1432/exablox
  • /view_company_report/624/interactive-intelligence
  • /view_company_report/31/ipswitch
  • /view_company_report/1219/jama-software
  • /view_company_report/1592/pivotal
  • /view_company_report/506/qualys
  • /view_company_report/1304/ringcentral-inc
  • /view_company_report/1242/teradata

Poll

Is the internet a disappointment?