"Unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here." "Intel CEO Paul Otellini, who warned this week that the U.S. faces a huge tech decline. "(Credit: Intel) The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth." "Not long ago, Otellini said, "our research centers were without peer. No country was more attractive for start-up capital... We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case." Intel CEO: U.S. faces looming tech decline | Politics and Law - CNET News Gosh, exactly what was predicted. Imagine that.