yyyyYYYYYAAAAYYYYY OUTSOURCING!
Posted on 03/05/2004 5:56:46 AM PST by Lazamataz
Fri Mar 5, 2004 08:30 AM ET
WASHINGTON (Reuters) - U.S. employers added a paltry 21,000 workers to their payrolls last month, far fewer than expected, according to a government report on Friday that was likely to weigh on President Bush as he seeks re-election.
In its report, the Labor Department said private-sector employment was unchanged in February, while the government added 21,000 workers.
The report also showed job creation in November and December was weaker than previously thought, adding to the weak tone of the report. The department revised lower its count of jobs gains in December to 97,000 from 112,000 and for November to just 8,000 from 16,000.
February's unemployment rate held steady at 5.6 percent.
Economists at top Wall Street firms had forecast a February payrolls gain of 125,000 new jobs.
Over the last three months, employment has risen an average of just 42,000 per month, down from the 79,000 average of the prior three months and far short of the 150,000 or so jobs needed each month just to keep pace with growth in the labor force.
Employment in construction tumbled by 24,000, while the factory sector shed 3,000 workers, the 43rd consecutive monthly drop.
The service sector also proved surprisingly weak, creating only 46,000 new positions.
Democrats have hit Bush hard for presiding over the weakest period of jobs creation for any president since Herbert Hoover during the Great Depression.
yyyyYYYYYAAAAYYYYY OUTSOURCING!
Zig for great economy!
Why, I'm glad you asked.
In no particular order of importance.
Credit to harpseal and rdb3
- Get rid of government subsidies for offshore investment of US companies. OPIC is the first such program which should go but support of World Bank programs that subsidize the outflow of Capital would be another.
- Use tariffs on those nations which are engaged in unfair trade practices such as currency manipulation (China and India for example), those nations which refuse to open their markets to US products (China for example with its 50% tariffs on US consumer goods and non tariff barriers), those nations that subsidize competition to American Industry (airbus for example) and those nations which have slave conditions for their workers.
- Use tariffs and other means to prevent the relocation of jobs offshore that are essential to the national defense. If necessary take control of the company seeking to export vital technology or industry by means of eminent domain (No I do not like this last option and I will only defend its use as an absolute last resort like say in the case of rare earth magnets essential to smart bomb technology). Provide a hardened, widely distributed infrastructure to supply all that is needed for our military units and civil defense that can be continued to be deployed in the event of any military attack.
- An immediate end to guest worker programs. If people wish to come to the USA to work and make a life let them immigrate according to the rules.
- Provide economic development zones where the corporate income tax is zero for operations within these zones. In order to operate in this zone a company must agree to only purchase American components if available and employ only American citizens or legal immigrants in these operations. These economic development zones shall be eventually be expanded to include every bit of every state once the benefits are shown I would like them to be totally implemented immediately but I realize that may be overreaching. It must be stated for clarification that simply being in the geographic area of the zones does will not subject any company to any new mandatory regulation. Everything is voluntary for getting the exclusion from corporate taxation. The profit attributable to direct imports is subject to the same rules that exist everywhere else in this nation for corporate taxation. Only free from such taxation is the profit attributable to American content and any American improvement. In short no new mandatory regulation will be a part of this. It is my opinion that there will not be a lack of companies seeking this tax relief. And no the regulation implied is absolutely minimal in order to get this through.
- Scale back unnecessary regulation including the tort system. Institute a cap on punitive damages, limits on class action suits, and limits on liability to the actual percentage of liability with no plaintiff able to collect if said plaintiff was involved in the commission of a felony at the time of the alleged tort or was more than 49% negligent in the alleged tort. Note that the loser in a frivolous lawsuit shall pay the attorney fees of the winner. There are many other regulatory structures that also need to be included that need to be included such as repealing the Family leave mandate, getting rid of OSHA etc.
- Increase the domestic content in purchases by the Department of defense and give absolute preference in non-domestic content to proven allies of the USA over say the French or Germans. The only reason any content for DOD purchase may come from non US allies is that content is not available elsewhere and is essential.
- Do not allow expense involved in moving operations overseas to be included in business expenses under the IRS code.
- Prosecute for perjury anyone who has made a false statement in order to employ an H1B or L1 visa worker. I will be lenient on the actual perjurer if he/she was ordered to make this false statement and he/she provides testimony to aid in the conviction of the person ordering the perjury. Just because a person is a CEO does not give them a pass on criminal behavior.
- Prosecute anyone who orders the transfer of vital defense technology or funds a R&D project that could be of use to our military overseas except to strong allies of the USA. Make the necessary enhancements to our espionage laws so that continued support or funding of any R&D in a nation whose government has threatened the USA is guilty of espionage. The UK and Australia come to mind as meeting these criteria for being eligible for transfer of technology first. There will be other nations and a gradation of what can be transferred to which specific nation. Under no circumstances may technology be transferred to any nation whose government has threatened the USA within five years without a complete change of government or specific exemption from Congress and the administration.
- Deport all illegal aliens immediately and take measures that prevent the entry of any more illegal aliens. Fine all companies knowingly employing illegal aliens Criminal sanctions should be imposed on anyone helping an illegal alien stay in the USA in violation of our laws.
- Decrease the punishing levels of taxation on companies and eliminate the double taxation on corporate dividends. See effects of item 5 for how minimal this will be if item 5 covers the entire USA. Eliminate all IRS provisions that inhibit free use of independent contractors by businesses for example section 1706.
- Eliminate the minimum wage so that the worker can be paid based on productivity. Overtime compensation will remain the same but instead of 150% of the "wage" the worker would receive 150% of the production pay. If one through 13 are enacted # 14 becomes an irrelevancy as no one will be working for that low a wage.
Where's that? There are many Freepers who will want to move there.
No it isn't. Not at all. There is a number we need to reach each month just to tread water.
And we are not reaching even that break-even point.
In the middle of a 'huge recovery'.
Cool. Where do you live? Many unemployed Freepers will want to move there.
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