Good Lord Almighty, what the heck kind of national security is THAT????
ping
What mercantalists and socialists always neglect to point out, is that when labor is done cheaper, more capital is available for new US enterprises, creating jobs. Hence the fact that we have a 5.2% unemployment rate despite 25 years of screaming that "they took our jobs!"
One world government & a new world order a'comin' down the track....
Clicky clack Clicky clack...
Considering that the most common phrase heard around my place regarding the work we are getting from offshore is "We finally got the code from India to compile", he probably should be a little worried.
What concerns me is that Jeff Bingaman is a senator from my state.
It's clearly unacceptably risky.
As is all of the financial information going to India.
Outsourcing is going to happen, and operating costs are going to be a significant factor; however, whoever is doing the cost/benefit equations is, to my eye, leaving out risk factors that need to be fully explicated and accounted for. For financial records, this includes significant legal responsibility for all consumer customer records under Gramm-Leach-Bliley.
Wake Up America!!! Good job, Senator.
Bingaman supported all tax increases and regulatory burdens which these companies have to comply with. He must have wanted these results.
No where in the article does it say this guy can turn off our power plants.
Now hu da he77 iz diz "Binga Man"!
And wye iz hee zo scaared uf uz Indeeunz.
Islamofascists could hack the system, if they wish to, regardless of whether there is a control office in India.
You miss the point. Bingaman's solution of 20 high tech centers in the US is typical left-wing claptrap that would provide jobs for vacuous academic research - which does nothing to solve the problem about the lack of science education and interest in science at the elementary, middle and high schools. High tech centers represent government picking the "winners" - and usually picking the wrong ones. We should not be devising policies that "support" the current high tech companies - we should be creating an environment(s) for new ones to be started.
He could sponsor 100% tax credit (not expense) for R&D efforts (actual research and tech transfer - not allocated overhead).
But, he won't.
He could sponsor tort reform legislation that would eliminate the incentive for frivolous lawsuits against innovators like pharmaceutical companies.
But, he won't.
He talks about investing in schools - from Dems that is a code word for salary increases for non-performing teachers' unions. If he really was serious about education reform, he would support generous and unconditional school vouchers for public and private schools.
But, of course, he won't.
Change is imminent. It will have the effect of sucking all of the air out of the room.
BUMP