ojbyrne, you raise a great point. But still, and perhaps naively, I find myself bothered by this recession in particular. In previous recessions the backbone

ojbyrne, you raise a great point. But still, and perhaps naively, I find myself bothered by this recession in particular. In previous recessions the backbone of America -- our immigration policy, culture of competition, education and infrastructure -- made it virtually certain that new indstries, wherever they form, would center in the US. In our present state our Universities are still the best in the world and our immigration policy, albeit under fire, is still flexible enough to attract the best and the brightest. Yet I know no less than three people (one with two successful exits and a third company in the worlds in Boudler, CO) leaving California because they want a better education for their children and the high schools are a mess. Our infrastructure is extremely old, and as to the culture of competition every year we are more protectionist in policy. It is not certain to me that we will dominate the next generation of technologies the way we did with automotive, computer, pharma and information in the past decades.