February 18, 2011 by USA Post
John Doerr, (AP) – Barack Obama said the U.S. must invest in research and development, science, and especially education – the risk that future technological advances happen in another country. Obama says he wants to focus “like a laser” on improvement of education. He said that the quality of education of a nation is one of the main predictors of a successful nation. Obama spoke to Intel Corp. in Oregon on Friday during a West Coast swing designed to highlight his vision of making the U.S. more competitive globally. Before the visit, the White House announced that Mr. Obama had taken the company’s CEO Paul Otellini, a criticism sometimes be part of a competitiveness council president.
President Barack Obama, his entourage fighting through the pouring rain and wind storm visited the small village of Woodside on February 17 for a dinner with leaders of the IT industry to discuss mainly for job creation and education.
It was the eighth visit by Obama to the Bay area and the first that did not involve the collection of political funds. It was a private meeting at the home of Kleiner Perkins venture capitalist John Doerr that allowed no interaction with members of the press.
The group invited executives from Silicon Valley included Doerr, Cisco Systems, John Chambers CEO, Google CEO Eric Schmidt, Facebook founder Mark Zuckerberg and CEO, Stanford University President John Hennessy; Twitter CEO Dick Costolo, Oracle CEO Larry Ellison, CEO Reed Hastings of Netflix, Yahoo CEO Carol Bartz, CEO of Apple Steve Jobs, chairman and former Genentech CEO Art Levinson, and venture capitalist Steve Westly.
Intel CEO Paul Otellini was also on the guest list. The White House said Feb. 18 that Otellini would be appointed to a new group of experts who advise the President on the creation of jobs.
Otellini will join the Presidential Council on employment and competitiveness, created in January to focus on hiring and promotion of growth, Reuters reported.
After his night in the Bay Area, the president was joined Otellini on a tour of the manufacturing plant of Intel chips in Hillsboro, Oregon
Westly said the San Francisco Chronicle that Obama’s decision to schedule a discussion with the movers and shakers of the region shows that it is committed to making the U.S. a leader in the new global economy – this generation ” Sputnik moment, “as Obama said in his State of the Union address last month.
“He completely made up for education, innovation and green technologies,” said Westly, a venture capitalist Bay Area and the former state controller. “And the fact that he is willing to sit down with people here shows that he gets it. Everyone in California should feel good about coming here.”
The people lined the main street, Woodside Road in the foothills town 30 miles south of San Francisco that the President’s motorcade crossed the path of succession Hill Doerr and his wife, Ann, who were both ranked the country’s most generous political donors.
[Source: image via BUSINESSINSIDER.COM]
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