The Sense of Doom is strong within you.
Posted on 04/10/2007 5:34:29 AM PDT by Kitten Festival
Economy: A White House spokesman says in many respects the current expansion is healthier than the one under President Clinton. Of course, he's immediately ridiculed. But that doesn't make his claim less true.
Given the media's failure to cover the ongoing Bush boom, it's no surprise that some would treat such an idea with disdain and outright disbelief. President Bush's economy better than Clinton's? Preposterous!
(Excerpt) Read more at ibdeditorials.com ...
“Worst economy since Hoover” bump.
They have many of our promised "high-paying" jobs, on the promise of the possibility of opening their markets to US multinational corporations.
NO cheers, unfortunately.
Oh, Brother.
????
I'm neither pathetic nor miserable.
I am just practicing the use of my "curmudgeon" setting, after being disgusted by Bush's visit to Yuma yesterday. And since I've just seen *another* round of outsourcing to India at my Fortune 100 company, I decided to let a few rounds fly in that direction.
Cheers!
Arguments over the relative merits of economic expansions is like arguing about who had a better time when they lost their virginity. It was good, but not quite as good as you had hoped, one of the people invovled probably enjoyed it more than the other, it didn’t last long enough and you certainly will pledge to do better as soon as the next opportunity presents itself.
And this economy was produced bt Bush out of the ashes of recession and stock market crashes both left him by klinton.
klinton, on the other hand, had to fix NOTHING upon entering office. The market was strong and healthy, and the economy growing at over 4%
OUTSORCING? Are you sure you want to talk about that, after the manufacturing jobs that the US hemmoraged under klinton? It’s true that at the time, these jobs were replaced by higher paying jobs in the tech sector, but guess what? Those jobs turned out to be unsustainable, and vanished when the tech sector bubble burst. Remember ‘00? When the nasdaq lost 50(FIFTY)% of its value? By then the manufacturing jobs that these folks USED to do, were OUTSOURCED!!
Your right, al;l the high paying jobs moved to China!!
What?
These aren't the $13 trillion economies you're looking for.
Do you think that you can successfully run a business in markets like India and China without being there?
If our high paying jobs are going overseas how is it that our real incomes continue to increase?
Bush's fault!
And free trade!!
LOL!!!
I understand this point, but often the powers that be in "emerging countries" demand a lot of conditions, whether it be >50% ownership by the state or its partners, or wholesale immediate transfer of all the latest technology, or "ponying up" for infrastructure, before allowing US companies to expand within those countries. And holding above the US companies' heads, the promise of the large markets to come.
My concern is given (for example) IP theft in China (remember the Chery), or companies climbing the BPO ladder in India, that the majority of the everyday tasks for US corporations will be done overseas. And given the population disparities, every last US-based job could be moved to the Far East and STILL not provide full employment over there.
I think it would be far more sustainable for all concerned if emerging economies tried to build up their own consumer markets, rather than immediately trying to build their own economies based on export to the US, while simultaneously taking many of the jobs from the US.
If our high paying jobs are going overseas how is it that our real incomes continue to increase?
Averages can sweep things under the rug; the devil is in the details.
So far I haven't found a good reliable breakdown of US income by profession by year, which *also* includes the income distribution and % of people within the profession who are H1-B or L-1 visa holders. Having this information would help clarify the picture.
Cheers! If our high paying jobs are going overseas how is it that our real incomes continue to increase?
In China, many of their joint stock ventures and most of their SOE's have been failures. They are not competitive and are mired in corruption. If what I read is accurate, about 60% of the products being exported by China today come from foreign owned firms.
My concern is given (for example) IP theft in China (remember the Chery), or companies climbing the BPO ladder in India
Whatever transfers of technology that have occurred don't seem to be helping China become a leader in technology. Relying on theft, as opposed to internal innovation, is certainly not a strategy for long term success.
And given the population disparities, every last US-based job could be moved to the Far East and STILL not provide full employment over there.
We could get hit by an asteroid too which would make this entire debate meaningless. Doesn't mean it's going to happen.
I think it would be far more sustainable for all concerned if emerging economies tried to build up their own consumer markets, rather than immediately trying to build their own economies based on export to the US, while simultaneously taking many of the jobs from the US.
Dirt poor countries don't have much need for our value added products and services. As they become wealthier, they do. If you look at our exports to China over the past decade, you'll see that they have grown as China's wealth has increased.
Averages can sweep things under the rug; the devil is in the details.
Yes, but if you had any details you'd offer them.
So far I haven't found a good reliable breakdown of US income by profession by year, which *also* includes the income distribution and % of people within the profession who are H1-B or L-1 visa holders. Having this information would help clarify the picture.
If incomes aren't increasing maybe you can explain why engineers still earn the highest salaries of all college graduates. If incomes for all workers are not increasing how is it that real per-capita consumption has increased at an average annual rate of 2.3% over the past 30 years? We really don't need any stats to prove that real incomes are increasing. All we need to do is look around us to see just how much our standard of living has increased over the past 30 years.
If our high paying jobs are going overseas how is it that our real incomes continue to increase?
You want me to prove to you something that isn't happening? If you could prove that our high paying jobs were going overseas you would. Until then, this is "nothing more than feelings...."
Cheers!
2. Manufacturing is what you do instead of picking crops. Manufacturing jobs are being replaced through automation, even in China.
3. If you have a brain and a SPECIALIZED SKILL, you will do well. If you have no skills and expect a "high standard of living" just for showing up, you will remain the loser you truly are.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.