Trajan
conscientia mille testes
Don't disagree with Toro that the tech bubble poisoned the growth of investment. I was at ground zero in Silicon Valley and realized that it was unsustainable AS CONFIGURED.
There was too much exhuberance for "soft goods", sales gimmicks, and the internet -- and not enough on HARD technology, new high tech products, and seeding of new industries in automation, materials, ect. This was spurred on by the technically illiterate political dupes (no names please) selling the idea that the "information superhiway" would be the only needed counterbalance to shedding manufacturing jobs..
That was the right "feeling", but the wrong execution. Money went to the EASY stuff, like selling dog food over the internet. But it didn't go to the long term birthing of new industries that we desperately need for a better MODERN american workforce.
The message needs to be NEW industries that the other 30 Bill people in this world can't tackle. NOT this hokey "green jobs" weatherstipping doors and blowing attic insulation..
paul ottelini said it best, and I paraphrase;' at this rate the next big thing, won't be happening here'....