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Many U.S. companies are hiring ... overseas (Rats, RINOs and Unions successfully destroying U.S.)
MSNBC ^ | 12/28/2010 | PALLAVI GOGOI/AP

Posted on 12/28/2010 10:54:46 AM PST by tobyhill

Corporate profits are up. Stock prices are up. So why isn't anyone hiring?

Actually, many American companies are — just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat.

More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S. UPS is also hiring at a faster clip overseas. For both companies, sales in international markets are growing at least twice as fast as domestically.

The trend helps explain why unemployment remains high in the United States, edging up to 9.8 percent last month, even though companies are performing well: All but 4 percent of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: business; companies; corporations; jobs

1 posted on 12/28/2010 10:54:49 AM PST by tobyhill
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To: tobyhill

Well, just who do you think UPS is going to hire to deliver packages in India and China?


2 posted on 12/28/2010 10:58:28 AM PST by proxy_user
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


3 posted on 12/28/2010 10:59:13 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: tobyhill

The wonder of Obamanomics.


4 posted on 12/28/2010 10:59:43 AM PST by Weird Tolkienish Figure
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To: tobyhill

Too bad approx. 50% of the population is too dumb to figure out this is a direct result of putting the Rats in charge in 2006 and Obama in 2008. Too bad atleast 50% of the population is too dumb to figure out the liberalism/socialism/progressivism/leftism is a huge failure every time and everywhere it is tried.


5 posted on 12/28/2010 11:10:37 AM PST by KansasGirl
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To: tobyhill
And now many of the products being made overseas aren't coming back to the United States. Demand has grown dramatically this year in emerging markets like India, China and Brazil.

So.. with at least a billion dirt-poor citizens between China and India the respective governments are going to let U.S. corporations waltz around in their domestic markets and walk away with billions in profits?

6 posted on 12/28/2010 11:17:30 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: tobyhill

So its cheaper to build it there and ship it here than it is to build it here and ship it there......because the labor is smarter there.
Stupid Americans...... we’ll believe anything if it has the right heading.


7 posted on 12/28/2010 11:18:22 AM PST by Realism (Some believe that the facts-of-life are open to debate.....)
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To: tobyhill

So... like, maybe the illegal aliens should all sneak over to China and get themselves hired!


8 posted on 12/28/2010 11:21:36 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: tobyhill

Who the hell is surprised by this?

I good portion of new hires at our company really don’t want to work. They can’t seem to show up on time or follow instructions when on the job. We keep the good ones.

Add to that the cost of FICA, unemployment, payroll taxes of all kinds, threat of liability and Obamacare - and we would prefer not to hire anyone ever again. I’d rather just try and make our existing team more efficient....


9 posted on 12/28/2010 11:23:55 AM PST by PGR88
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To: WilliamofCarmichael
going to let U.S. corporations waltz around in their domestic markets and walk away with billions in profits?

They operate domestic subsidiaries in many of these markets. The fear is that the mother ships begin to leave for Caribbean and Swiss homelands and operate a global network of local subsidiaries. Then... the American peasants will have few choices...like move to China to find work. Take up farming or become a crook (or government worker/politician - if there be a difference).

10 posted on 12/28/2010 11:24:31 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: PGR88
Add to that the cost of FICA, unemployment, payroll taxes of all kinds, threat of liability and Obamacare - and we would prefer not to hire anyone ever again. I’d rather just try and make our existing team more efficient....

That's all way to complicated for folks. Far better to blame the evil Corporations for wantonly outsourcing all those jobs when it's really the monsters in our own Government who are responsible.

Don't believe me? Just scroll up the thread.

L

11 posted on 12/28/2010 11:27:12 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: KansasGirl

“Too bad approx. 50% of the population is too dumb to figure out this is a direct result of putting the Rats in charge in 2006 and Obama in 2008. Too bad atleast 50% of the population is too dumb to figure out the liberalism/socialism/progressivism/leftism is a huge failure every time and everywhere it is tried.”

And too bad that 95% of the lame stream media is corrupt and helps keep the populace dumbed down through its steady barrage of left wing propaganda and relentless attacks on conservatives.


12 posted on 12/28/2010 11:27:54 AM PST by Starboard
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To: PGR88
I good portion of new hires at our company really don’t want to work. They can’t seem to show up on time or follow instructions when on the job. We keep the good ones.

Ha! Ours are very focused on "lifestyle" where they really don't have to do anything too complex, they get to enjoy the corporate funded "lifestyle of the rich and famous" while enjoying maximum individual fulfillment (at 2 years out of college, yet!). In short... they are looking for the lifestyle portrayed on TV and in the movies.

13 posted on 12/28/2010 11:28:31 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Lurker

“Far better to blame the evil Corporations for wantonly outsourcing all those jobs when it’s really the monsters in our own Government who are responsible.”

Since most high ranking elected officials either are on a board of directors before, after, or before and after their terms. I blame both.


14 posted on 12/28/2010 11:42:30 AM PST by Realism (Some believe that the facts-of-life are open to debate.....)
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To: April Lexington

Toss in women who want the companies to fund their maternity leave with job security, you have more than enough reasons to move overseas.


15 posted on 12/28/2010 12:15:16 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Lurker

“. Far better to blame the evil Corporations for wantonly outsourcing all those jobs when it’s really the monsters in our own Government who are responsible.”

Meanwhile the Chinese worhsip Bill Gates like a near God and welcome him with massive gatherings and in Vietnam they mobbed his car.


16 posted on 12/28/2010 12:19:03 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: April Lexington

“going to let U.S. corporations waltz around in their domestic markets and walk away with billions in profits?”

Well, the corporations are getting smart about the hostility towards them in the US and are leaving for better, friendlier shores. Entertainers exploit the US for money and then only come here for hospital treatment.


17 posted on 12/28/2010 12:22:02 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Nachum

Find the traitors and their leader aka the Fuhrer’s puppeteer.


18 posted on 12/28/2010 12:25:27 PM PST by ExTexasRedhead
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To: tobyhill

A quick look on IBM’s job site just showed 7,577 openings. Of those 2,427 (1 out of 3) were in the USA, the rest (2 out of 3) were in other countries.


19 posted on 12/28/2010 12:29:38 PM PST by the_devils_advocate_666
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To: tobyhill
I used to teach Multinational Corporate Management. One of the reasons companies set up manufacturing subsidiaries overseas is to get inside the trade barriers set up by the countries they enter. They are selling to the local market, and want to avoid tariffs, quotas, and other trade restrictions. Of course they're going to hire overseas. That's where the markets are. They'd hire here if they could count on a market here.
20 posted on 12/28/2010 12:40:05 PM PST by JoeFromSidney (new book. Info at book-resistancetotyranny.com)
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To: the_devils_advocate_666

Although it is quite humerous when they come back crying about intellectual property and patent rights. Aww, well you’re not in Kansas anymore Dorthy. See what the Chinese court systems can do for ya.


21 posted on 12/28/2010 12:53:08 PM PST by Realism (Some believe that the facts-of-life are open to debate.....)
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To: JoeFromSidney
That's where the markets are. They'd hire here if they could count on a market here.

Where is here? And what Si(y)dney are you from?

22 posted on 12/28/2010 1:20:31 PM PST by Will88
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To: tobyhill

23 posted on 12/28/2010 1:30:50 PM PST by 4Liberty ( How do you spell "moral hazard"?: $ 19, 0 0 0, 0 0 0, 0 0 0, 0 0 0.)
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To: tobyhill
This is free trade at its roots..we can thank the passing of Nafta and voting China into the WTO for this.. we can also look at the policies of 10 years ago to offer incentives for companies to relocate to the 3rd world..

This is not a one party issue..all of them have dirty hands

24 posted on 12/28/2010 1:30:54 PM PST by RnMomof7 (Gal 4:16 asks "Am I therefore become your enemy, because I tell you the truth?")
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To: tobyhill

And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in. But no, we think they should be punished for their overseas profits - unlike most of the nations we compete with.

I have met the enemy and he is us.


25 posted on 12/28/2010 1:48:19 PM PST by Wuli
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To: Realism

Until the price of oil goes up...then they rethink moving their operations back to the states...unfortunately the world markets are increasingly overseas as countries rampup to industrial and manufacturing...so the populace has more demand for goods...thus the US is fast becoming the lessor of the consumer countries.....and moreso other countires. So the need to “sell’ in the US becomes secondary.


26 posted on 12/28/2010 1:59:42 PM PST by caww
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To: tobyhill

Well we need to raise their taxes!

That’ll show um!

/sarc


27 posted on 12/28/2010 2:53:24 PM PST by Tzimisce (It's just another day in Obamaland.)
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To: Will88
"Here" meant the US. And Sidney is in Ohio. There's another one in Nebraska, and probably others as well, but the one in Ohio is where I call home.
28 posted on 12/28/2010 3:11:31 PM PST by JoeFromSidney
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To: JoeFromSidney
"Here" meant the US. And Sidney is in Ohio. There's another one in Nebraska, and probably others as well, but the one in Ohio is where I call home.

Well, then the market is actually here, in the USA, which is still the largest market in the world by a large margin. That's true unless a firm produces a really unique product for which there is little or no market in the US.

Maybe you meant that some businesses want to take their US market access for granted and seek market access in much smaller foreign markets which presently have a larger annual percentage growth. Or maybe some of our "free" trade partners require US firms to locate in their country in order to market in their country, or the labor and other costs are so cheap compared to the US that they chose to locate for that reason.

Do you know any US companies that are just abandoning the US since their market is not here, and then operating totally in foreign nations with no desire to export back to the US?

29 posted on 12/28/2010 3:45:25 PM PST by Will88
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To: Will88
Do you know any US companies that are just abandoning the US since their market is not here, and then operating totally in foreign nations with no desire to export back to the US?

My point was not that companies are abandoning the US market, but that in trying to enter foreign markets, they build plants in the foreign country in order to avoid the trade barriers erected by those countries. Whether there is a market in the US is another issue. Given today's uncertainties about future taxes and regulations, I think a CEO would have to be crazy to expand in the US. However, even if a CEO saw a big market in the US, it would still make sense to invest inside foreign markets rather than produce in the US and try to export, in the face of foreign trade barriers.

30 posted on 12/28/2010 4:04:33 PM PST by JoeFromSidney
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To: tobyhill

We need to stop taxing productivity and raise revenue by taxing consumption. The Fair Tax is the way to go!


31 posted on 12/28/2010 4:16:21 PM PST by wastedpotential (McCain always said I was an agent of intolerance - but in 2008 those like me tolerated him most)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside the U.S.
I cut them some slack, because it was one of their machines that crushed Rachel Corrie.


32 posted on 12/28/2010 4:51:13 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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I'm impressed -- the first page of the 'china' keyword only got back to December 18th.
33 posted on 12/28/2010 6:32:43 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: wastedpotential
We need to stop taxing productivity and raise revenue by taxing consumption. The Fair Tax is the way to go!

That will absolutely guarantee that the already-taxed wealth will leave this country once and for all. The Fair Tax is just another wicked Communist scheme to tax already taxed wealth.

34 posted on 12/28/2010 9:04:45 PM PST by The Theophilus
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To: JoeFromSidney

Can’t really disagree with anything you’ve said, and by your answer you’ve acknowledged that free trade does not exist in the type situations you address: US firms face barriers exporting to many nations, but not so many if they produce in cheap labor nations and export back to the US market.

That is the sort of one-sided arrangement that has been pawned off on the US public as beneficial free trade for at least forty years.


35 posted on 12/28/2010 9:25:33 PM PST by Will88
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To: Wuli
And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in.

Naw, in this economic environment, they would probably downsize or just shut down. It's easy to regulate and tax a company to death. It can be done to a country as well.

36 posted on 12/28/2010 10:52:24 PM PST by TheThinker (Communists: taking over the world one kooky doomsday scenario at a time.)
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To: TheThinker
Actually, a tiny but critical word got left out of my statement.

I said:

"And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."

And I should have said:

"And IF we didn’t [because we do] tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."

37 posted on 12/30/2010 11:10:32 AM PST by Wuli
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To: The Theophilus

“That (Fair Tax) will absolutely guarantee that the already-taxed wealth will leave this country once and for all. The Fair Tax is just another wicked Communist scheme to tax already taxed wealth.”

You can’t honestly believe that. Corporations would no longer be taxed, no capital gains taxes, etc ... would cause a boom in investment in this country.


38 posted on 12/31/2010 8:45:09 AM PST by wastedpotential (McCain always said I was an agent of intolerance - but in 2008 those like me tolerated him most)
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To: wastedpotential
You can’t honestly believe that. Corporations would no longer be taxed, no capital gains taxes, etc ... would cause a boom in investment in this country.

Are you saying that all businesses would also be exempt from paying any tax whatsoever? Because before a company can make a product, it must first tool up. The most difficult time for a business is starting and now you want to levy a 20-30% tax on a startup before it earns its first dime?

39 posted on 01/01/2011 7:28:59 PM PST by The Theophilus
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