Romney, Obama release statements on how to grow tech startups

“Both presidential campaigns released statements on how they would grow the technology startup industry,” Gregory Ferenstein reports for TechCrunch. “In letters addressed to the regional trade organization, NYTechMeeetup, [Andrew Rasiej, Chairman], both candidates gave moderately specific answers.”

“Obama focused on his track-record of technology policy, including the release of government data through the newly created Chief Technology Officer, the overhaul of patent reform, and the legalization of ‘crowdfunding,'” Ferenstein reports. “Romney promised more high-skilled immigrants, the creation of a new free trade zone, and to fund research. ”

Full article with bullet points here.

MacDailyNews Note: The letters via the NYTechMeetup website:


Dear Andrew,

Thank you to you and your members for your interest in my policies for promoting technological innovation and business start-ups. While the private sector is far more effective at pursuing and applying innovation than government could ever be, I do believe that there are key areas in which government policy must strengthen the ability of the private sector to innovate effectively.

Over the course of my campaign, I have laid out a detailed economic plan that seeks to strengthen the American economy by empowering entrepreneurs and workers and rewarding innovation. This plan emphasizes critical structural adjustments to promote growth rather than short-term fixes.

Human Capital. We must reform America’s legal immigration system to attract and retain the best and the brightest, and equip more Americans with the skills to succeed. I will raise visa caps for highly skilled foreign workers, offer permanent residence to foreign students graduating with advanced degrees in relevant fields, and restructure government retraining programs to empower individual workers and welcome private sector participation.

Taxes. We must pursue fundamental tax reform that simplifies the tax code, broadens the tax base, and lowers tax rates. I will lower the corporate tax rate to 25 percent, strengthen and make permanent the R&D tax credit, and transition to a territorial tax system. I will cut individual income tax rates across the board, and maintain today’s low tax rates on investment. And I will ensure that these changes are made permanent so that investors and entrepreneurs are not confronted with a constantly shifting set of rules.

Regulation. We must reduce the power of unaccountable regulators by requiring that all major regulations receive congressional approval and by imposing a regulatory cap that prevents the addition of new regulatory costs. In a Romney Administration. agencies will have to limit the costs they are imposing on society and recognize that their job is to streamline and reduce burdens, not to add new ones.

Trade. We must open new markets for American businesses and workers. I will create a Reagan Economic Zone encompassing nations committed to the principles of free enterprise. At the same time I will confront nations like China that steal intellectual property from American innovators while closing American access to their markets.

Education. America‘s K-12 education system lags behind other developed nations, and while our higher education system remains the envy of the world its costs are spiraling out of control. We must pursue genuine education reform that puts the interests of parents and students ahead of special interests and provides a chance for every child. I will take the unprecedented step of tying federal funds directly to dramatic reforms that expand parental choice, invest in innovation, and reward teachers for their results instead of their tenure. I will also ensure that students have diverse and affordable options for higher education to give them the skills they need to succeed after graduation.

Basic Research. President Obama‘s misguided attempts to play the role of venture capitalist, pick winners and losers, and spend tens of billions of dollars on politically-prioritized investments have been a disaster for the American taxpayer. Yet at the same time, we must never forget that the United States has moved forward in astonishing ways thanks to national investment in basic research and advanced technology. As president. I will focus government resources on research programs that advance the development of knowledge, and on technologies with widespread application and potential to serve as the foundation for private sector innovation and commercialization. Many of these policies may seem like common sense, yet they are ones that our nation is failing to pursue today and ones that our President has put on the back burner while trying his own hand at playing venture capitalist and focusing on government-led growth. The results are plain to see in a failed economic recovery that continues to produce extraordinarily disappointing growth and job creation As president, I will emphasize policies that once again make America the best place in the world to make a discovery, start a business, hire a worker, or find a job.


Mitt Romney

Obama- Biden:

Dear Members of NY Tech Meetup:

Thank you for carrying forward the entrepreneurial spirit that makes us a nation of doers, dreamers and risk takers. You understand that innovation and job creation occur when we make smart investments in infrastructure and technology and build an environment that encourages entrepreneurs to change the way we live and work.

Together we’ve used that bedrock American belief to recover and rebuild from the worst economic crisis in a generation. Today, entrepreneurship is at record levels and the number of business startups is up almost 10 percent since my first year in office. And this past Friday, we learned the unemployment rate has fallen to its lowest level since I took office. As inventors, makers and thinkers you’ve helped get us here, believing that if anyone has a solid plan and is willing to work hard and play by the rules, we can turn any idea into something.

I believe it, too. That’s why I’ve been laying the foundation for an economy built to last through investments in infrastructure and technology. We’re expanding broadband networks to connect businesses large and small with markets around the World. The health care law invests in our health IT infrastructure, improving the delivery and management of care. Wall Street reform put a consumer protection cop on the beat, using technology to help consumers understand their rights when buying a home or using a credit card.

Across your government, we’ve used technology to bridge the offline and online divide to empower citizens and build a more participatory democracy. On my first day in office I created the position of U.S. Chief Technology Officer so we can pursue new open data initiatives to unleash unprecedented volumes of government data related to energy, education, international development, public safety and other areas. We’re unlocking our resources to fuel new products, companies and industries and connect the next generation of entrepreneurs to freely available government data, while rigorously protecting and respecting privacy rights. And we recently announced the first class of “Presidential Innovation Fellows,” talented private sector innovators who will spend six months in Washington partnering up with the govemment’s top innovators to meet straightforward goals: improve the lives of the American people, save taxpayer dollars and fuel job creation across the country.

This past April, I also signed a law to help high-growth entrepreneurs and small businesses harness “crowdfunding” to raise capital consistent with investor protections and make it easier for young, high- growth firms to go public. I also launched the Startup AmericaPartnership to improve the environment for high-growth entrepreneurship across the country. I encourage you to join, as we’refocusing on unlocking access to capital to fuel startup growth, connecting mentors and education to entrepreneurs, accelerating innovation from “lab to market” for breakthrough technologies and unleashing market opportunities in industries like health care, clean energy and education.

I signed patent reform into law to help American entrepreneurs bring inventions to market sooner, leading to new businesses, jobs and industries. But that also depends on a regulatory system that supports our homegrown innovations. That’s why I’ll continue to stand by you to protect the openness of the Intemet while still enforcing intellectual property rights.

But investments in human capital remain our strongest economic asset. We have a start-up visa program that’s allowing foreign entrepreneurs to establish businesses in America and create American jobs. And I have set concrete goals to create an economy built to last, including recruiting 100,000 math and science teachers over the next 10 years and training 2 million workers at connnunity colleges for jobs in fields like health care, advanced manufacturing clean energy and information technology.

As a nation. we can’t simply cut our way to prosperity or fall back to the top-down, trickle-down economics that benefits the few, but guts investments in our country’s future that grow our economy — and your startups. But that’s the choice in this election between two fundamentally different paths for our country, between moving forward and falling back.

As your president, I will continue to stand by you because if we combine our creativity. our innovation and our optimism, we can achieve anything. And the reason I’ve never been more optimistic about the future is because of all of you. You’ll be the next entrepreneur to turn a big idea into something — a new invention or an entire new industry. That’s the promise of America; that’s what this country is all about.

That is the legacy of Edison and Bell. That is the story of Google and Twitter. That is what landed NASA’s Curiosity on Mars, reminding us that our preeminence — not just in space. but here on Earth — depends on investing wisely in the innovation, technology, and basic research that has always made the United States the envy of the world. So keep doing and dreaming and moving our country forward.


Barack Obama

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

Related article:
McCain-Palin vs. Obama-Biden: Technology and the U.S. presidential election – September 15, 2008


  1. Care for what Madonna said on stage:

    “Y’all better vote for f–king Obama, OK? For better or for worse, all right? We have a black Muslim in the White House. Now that’s some amazing s–t,”

    1. No, Ubermac. People like you are the scary shit – forever spreading lies, FUD, and out of context partial misquotes. Here’s the full quote:
      “Of course, not all my conversations in immigrant communities follow this easy pattern. In the wake of 9/11, my meetings with Arab and Pakistani Americans, for example, have a more urgent quality, for the stories of detentions and FBI questioning and hard stares from neighbors have shaken their sense of security and belonging. They have been reminded that the history of immigration in this country has a dark underbelly; they need specific assurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction.”

      1. Looks to me like you just used a lot more words to say the same damn thing.

        Most Muslims I know, and I know quite a few, believe that this century is the century The Muslims will rule the earth.

        That being the case, why do we let them come here to build a bridgehead for their plans?

        We don’t need to remember the Japanese internments, we have to remember the Japanese surprise attack on Hawaii.

        Yes, I know, not all Muslims want to decapitate every non-believer.

        1. REALLY??? You think that, post 9-11, a minority community feeling persecuted and attacked who asked Obama for assurance that their citizenship means something, that the US has learned from its mistakes of WW2 internments and that he will stand with them should the politics shift in a an ugly direction means the same as “Obama stating When the ill winds blow I will stand with the Muslims”??? I mean, REALLY??? Are you (and Ubermac, and others) so frightened that you have to make out that Obama said something he clearly didn’t say, and even worse put your lies in a context of fear and un-Americanism?
          To me, those people were asking Obama to continue to represent their interests as citizens, and not abandon them to the Bush fueled mob mentality (if you’re not with us you must be against us) of the time. That Obama would represent all Americans, not just Christians or Jews; not just 53% or some other random number, no matter whether he is of the same color, creed, or religious belief as them.

    2. So, Ubermac: are you REALLY that scared of Obama that you have to make up stuff about him to make him look like he’s un-American, or a scary black man, or something? How do YOU get from Obama’s words “they [minority US citizens] need specific assurances that their citizenship really means something, that America has learned the right lessons from the Japanese internments during World War II, and that I will stand with them should the political winds shift in an ugly direction.” to your “When the ill winds blow, I will always stand with the Muslims.” Why do you feel the need to lie like this? What possible justification can you have for spreading outright lies that are designed to affect the outcome of an election? It seems to me that your acts are the un-American ones – you are the one trying to pervert democracy.

      1. Dude, I just quoted Obama and Madonna, how’s that making stuff up?

        Have you ever lived in or even visited a country that has a Muslim majority?

        You know what happens there to people that are Not Muslims?

        Scary shit indeed!

        1. But that’s the problem. YOU DIDN’T QUOTE OBAMA. You repeated an incorrect, out of context, misquote that completely distorts the meaning of what Obama actually said. You said he said something he didn’t say. Why try to defend it?

  2. “The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president.” -Czech President Václav Klaus

    1. Ubermac – I’ve got a bridge to sell you. Do you really believe this stuff you post?? This is (yet) another one that is completely false. Yes, someone said it. But no, it wasn’t Vaclav Klaus. Or even a Czech newspaper (as attributed by the first version of this rumor). It was some right wing blogger here in the US, back in December 2009. You really are incredibly gullible. And dishonest.

  3. Oh it gets better… Obama’s speech at the UN, just now.

    Obama’s recent statement at the UN: “The future must not belong to those who slander the prophet of Islam.”

    So he is basically saying, that if you are not a Muslim, you have no future in America.

    Because, if you are a Christian, Jew, Hindu, etc. you don’t accept Mohammed as the prophet, which they interpret as slandering their prophet.

    Off course the Muslims are free to slander any other religion. Oh not just slander, arrest, kill, rape, mutilate etc.

    1. Oh. My. God. You’re just doubling down, aren’t you?? It wasn’t “just now,” it was three weeks ago. And here’s the full quote, in context:
      “The future must not belong to those who target Coptic Christians in Egypt – it must be claimed by those in Tahrir Square who chanted ‘Muslims, Christians, we are one.’ The future must not belong to those who bully women – it must be shaped by girls who go to school, and those who stand for a world where our daughters can live their dreams just like our sons. The future must not belong to those corrupt few who steal a country’s resources – it must be won by the students and entrepreneurs; workers and business owners who seek a broader prosperity for all people. Those are the men and women that America stands with; theirs is the vision we will support.

      The future must not belong to those who slander the prophet of Islam. Yet to be credible, those who condemn that slander must also condemn the hate we see when the image of Jesus Christ is desecrated, churches are destroyed, or the Holocaust is denied.”

      Your “take” on Obama’s words are just more distortions, more lies, more FUD.
      Ubermac – why do you not understand that your divisive actions harm democracy, harm the GOP, and harm America. Your bigoted, racist lies must make your mother really proud of you.

  4. Ideologies again blind voters.

    Romney/Ryan continue to refuse to offer any specifics whatsoever. Until the voter sees how their math adds up, their smoke-and mirrors is a poisoned apple.

    They say they want to cut loopholes. Yes! Good idea! Tell me which ones, and how.

    R&R say they want to increase tax cuts. Why? Credit is flowing again for entrepreneurs who want to start businesses to do so. We need to balance the budget and pay down the accumulated debt!!!

    R&R claim that we need to go rattle our sabers overseas to scare off any bad people. Why? Send the boys home, where they can defend our turf here.

    Much as I hate the fiscal ineptitude of democrats, republicans are worse, and renewing Bush II dollar-weakening policies for a 3rd time is ludicrous.

    Whine all you want about tax rates, it is both parties’ reckless budgetary policies and brinksmanship that forces the dollar to be weak. That’s a tax on all of us that nobody seems willing to see, and which no republican answers exist. A true fiscal conservative would balance the budget with steep military cuts, cuts to domestic programs, end corporate welfare, eliminate ALL loopholes and deductions, and increase the progressivism of the federal tax code sharply but temporarily — just until the deficit is tackled.

    Nothing that either party has trotted out for the past several decades has any budgetary discipline whatsoever, save for the stroke of luck that fell in Clinton’s lap during the late 1990’s tech bubble.

    1. I recommend “It’s Even Worse Than It Looks” by long time congressional scholars Thomas Mann and Norman Ornstein (one is Democrat, the other Republican) for a bi-partisan discussion on the breakdown of civility and political process in Congress. Sadly, they conclude that the vast majority of the problem is caused by the Republicans, starting with Gingrich, who worked out that if one party had a majority but they other could stall almost every policy they try to enact, the public would get so fed up with the stalemate that they’d “vote the bums out.” It was the start of the super low approval ratings for congress, and led to the current adversarial climate more suited to a parliamentary system (where winner takes all) than the US system which was designed to be built around compromise.

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