America's tech industry and 9/11?

Interesting article about the U.S. high-tech industry:
Intel CEO - U.S. faces looming tech decline

The comments from various high-tech CEOs do not surprise me at all. You could see this coming, but how did it happen? It's certainly a factor of the general globalization that has been going on over the last couple of decades, but I assert that the September 11th attacks spawned a chain reaction that has led us to this state.

Soon after the attacks, the U.S. put a stop order on technology immigration ... well not completely, but definitely a major turn of the faucet. Prior to this, if you were a motivated high-tech worker/student, you either wanted to come to the United States to find your way to success or you at least thought about it. As a result of the local supply, business got the government to allow a significant high-tech immigration to the United States, which mainly came from India and China.

When the faucet was moved to the 'drip' position after 9/11, high-tech companies were in a bind. There was a recession (again, possibly another indirect 9/11 contribution) and now a lower supply of engineers. This led some companies to start outsourcing high-tech jobs to other countries, namely the ones that had previously had high-tech emigration to the U.S. This actually turned out to be even cheaper for them and resulted in some short-term success. Other companies quickly followed suit.

Ah, but here we find yet another example of myopic business decisions based on quarterly and annual performance. The tactic that led to short-term profits has now created a longer-term problem. Other countries are now keeping their high-tech talent at home. As these economies are maturing at starting and running high-tech businesses, they aren't needing American businesses or even American capital anymore. We have gone from a time of American tech dominance to a nation in trouble of losing this battle. Next step - emigration from the United States to follow these quality jobs?

I'm not against global competition, but it's frustrating that we've basically done this to ourselves. We didn't have to take this path, but it does make me wonder how calculated the 9/11 attacks were in terms of these kind of long-term effects. If there is a correlation, as I assert, was this an intentional or accidental consequence?

Regardless, America continues to lag behind in getting its citizens to go into high-tech degree programs in college. Countries like India and China seem to be maturing at capitalism at a rapid pace and they are able to keep their people at home more than ever.

We're in trouble in high-tech.