ZOT!
PWND
Posted on 11/10/2010 3:20:26 PM PST by joethevoter
Recent unsettling revelations would indicate that, more and more, the US Chamber of Commerce is working for foreign nationals and corporations. Big business has been sending American jobs to other nations for a long time. Our current Congress has tried several measures to stop the bleeding and to bring some of those jobs back to Americans.
(Excerpt) Read more at joethevoter.org ...
“To top that off these same wealthy corporate owners closed about 40,000 US factories and sent them over seas between 2001 and 2008. They did use those cuts to create new jobs...for Chinese and Indian workers.”
There is no direct economic or financial correlation between the tax cuts under GWBush and the growth of overseas production or operations facilities for U.S. companies.
That growth has more to do with global trends that differ from one industry to the next, more than any specific tax cuts, and the level of that kind of change varies as well between the industries most involved.
One of the biggest global-wide trends that have been part of the reduction in manufacturing jobs, GLOBALLY, is the huge additions of computer technology and robotics to manufacturing. The impact of that change has been bigger in some places outside the U.S. than in the U.S. In spite of how much foreigners have set up manufacturing sites in China, “modernization” has resulted in a bigger drop in the number of workers and as a % of the workforce, in manufacturing, in China in the last 20 years than it has in the U.S. Why? They had a large amount of “catch up” to do and its actually still going on (huge useless, wasteful, old factories required to keep operating).
Lastly, foreign companies investing in the U.S. as well as the many building their own operations in the U.S. (just think automobiles for instance) have ADDED as many jobs here as U.S. jobs transferred or “outsourced” overseas.
Its a global marketplace.
I know. I grabbed a shopping cart the other day, and it was too big to push.
Yep. Any picture I post you can use or abuse in any way you wish. ;0)
Many economic facts are missing from that story line.
The problem with the "income" figures is that they (1)do not represent TOTAL compensation and (2)leave out the benefits (welfare, food stamps, medicaid and income in the form of tax "refunds") received by the lower income sectors.
The "stagnation" in "wage growth" was NOT stagnation in total compensation as it occurred at the same time while compensation in form of health insurance benefits was skyrocketing, with some of that having been forced on the national statistics by Liberal-promoted state mandates adding tons of new mandatory coverages, and Liberal supported and promoted increases to state employees non-wage benefits.
When total compensation is considered, there was no stagnation; just a lot more compensation going to benefits.
Notice that while the Liberals were the first to yell how much health insurance costs were going up, and how much wages were not, they were the biggest promoters of policies that contributed to that result.
“Americans were fooled again”
So says one of the real fools.
Thank you
I haz a hungeer iz teh zot reedai?
Got my vote!
Got my vote!
Keep your day job. You’ll never make it as a troll.
ZOT!
PWND
Yeah, we should tax everyone at a 100% rate for all the money that they have (earn and established) over $250K. Then your buddy Soros would be SOL and your paycheck from him would dry up!
Walken bitch slap ping
Buh Bye....
This is quintessential “ Undead Thread” material ;-)
You know they’ve got Freeze Pops in some pretty awesome tropical flavors now.
Looks like it to me, too!!
The Dems said they would block the tax cuts if they were made permanent. A position that hasn't changed.
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