Let’s see.  Obama has lost Wall Street, the progressive grassroots, and even a few unions.  Now it looks like another funding source for his re-election bid might fade as well — high-tech Silicon Valley.  Politico reports  that the innovation center once celebrated the fact that they had  backed a President who uses a Blackberry, but now think he’s just  another middle-aged man with some ubiquitous personal technology:
 Silicon Valley is  like an alternative-universe version of America — a place where  businesses are making billion-dollar acquisitions, jobs are being added  by the thousands, and the buzz is not over plant closings but Apple’s  plans for a giant hew headquarters that looks like a spaceship.
 So Barack Obama must be a hit here, right?
 Wrong. …
 But in Silicon Valley, they’re still trying to figure out why the first geek runs  an administration that hasn’t delivered much for them other than photo  ops. And they’re worried now that time is running out — that the  administration is hamstrung by a divided Congress, a stagnant national  economy and intense political pressure to cut government spending.
 “I don’t think they feel the love,” said Gary Shapiro, chief executive of the Consumer Electronics Association. “There’s great disillusionment.”
 Time is running out for some corporatist pork?  Cry me a digital  river, fellows.  What happened to innovating your way to success on your  own?
 All is not lost, however, according to Politico’s Michelle Quinn.  If  Obama can push through immigration reform (for cheap labor) or tax  reform, all may still be forgiven.  Both are unlikely, although for  different reasons.  Obama simply doesn’t have the political capital any  longer to push an amnesty-based immigration reform package, which is why  he’s trying to do it through executive fiat.   He had overwhelming majorities in both chambers of Congress between  2009-10, including a few Republicans in both the House and Senate who  would have come along on a moderate immigration-reform package.   Instead, he chose to shove a brand new entitlement program down the  throats of Americans opposed to it and lost the House as a result.
 Tax reform could be a different story, but Obama has already declared  that he wants to maintain the “progressive” nature of the tax code.  An  approach that flattened the personal and corporate tax codes to broaden  both tax bases and reduce or eliminate the social engineering in both  as well would likely get strong bipartisan support.  It would also  increase revenues and close down corporate tax breaks (big wins for  Democrats) while lowering rates and simplifying compliance (big wins for  Republicans).  Unfortunately, as with every other issue, Obama has  refused to lead on this at all, even though his own deficit commission  made exactly these kind of recommendations in January, giving him enough  political cover to move forward.
 So, when it comes time to hit up Silicon Valley for political support  next year, don’t be surprised if Obama just gets back a big 404.
hotair.com