view slideshow not working
If you are using the libraries API module, the correct place for the JS code is actually sites/all/libraries, not \sites\all\sites\all\modules\libraries (why do you have sites/all in the path twice?)

What slideshow module are you using, views_slideshow? I don't think you will actually need to add a jquery library if that is the module you are using, but that will depend on the actual module you are using. If you are trying to build a slideshow from scratch with jQuery cycle, here is info from the handbook on getting your js added to Drupal http://drupal.org/node/304255