Intel CEO Paul Otellini delivered a rather depressive speech at the Technology Policy Institute Aspen Forum, warning of dark days for the US tech sector.

Otellini told the crowd, which featured several high ranking administration officials and lawmakers that the government had to change its policies in order to restart the tech sector. Otellini said that the US legal environment had become hostile to business and that an “erosion and shift of wealth” is coming along.

“The next big thing will not be invented here. Jobs will not be created here,” said Otellini.

Otellini also offered some harsh criticism of the legislators and policy makers, saying that their experiment in Keynesian economics had failed. He warned that US businesses were facing a bitter business climate and that wrong political decisions could force people to invest elsewhere.

More here.