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So then I'm wrong to be concerned that I'm not seeing the job creation

No, but I believe you're looking for the wrong solution. Corporations are not evil. They are GOOD with a capital G. Corporations are taxed at over 30%. But they don't pay those taxes. You do. The government needs to make the climate in America as favorable to corporations as possible- not unfavorable. Do away with those coporate taxes. Encourage businesses to make as much money as possible.

At the end of the day though, it's not the president's problem whether you have a job or not. Or at least it wouldn't be in a free country.

***"At the end of the day though, it's not the president's problem whether you have a job or not"***

I agree with one slight modification: it's not the president's responsibility - but it is a problem insofar as public perceptions (right or wrong) are concerned. The only way a president can create jobs is to expand the federal government - and by that yardstick, President Bush should be a hero to the left.

Corporations are not evil. But that's not to say I'm a big fan of them either (They are burearcacies as nimble as a battleship). I'm a much bigger proponent of small business - that's where innovation comes from.

And many of those small businesses are skilled labor operations like Tool and Die shops. They cannot compete with the low wages and lack of government intrusion (OSHA, EPA), etc that exist overseas. So we end up with dispalced Tool and Die makers finding new jobs at Home Depot. It's otn a one for one lateral shift. I consider skilled manufacturing/engineering jobs far more important to the country than the retail/service sector. A job is not a job is of a job. What kind of job is important. If we move out manufacturing base overseas, expect to export our manufacturing innovation along with it.

So I see this as different than the wave of displaced middle managers of the late 80's/early 90's.

Yes, the obvious answer is that Government should get out of the way and reduce regulations and taxes on US industry.
The trouble is that the marketplace changes faster than the government does. We can see an entire industry sector vaporize in the time it takes the government to reform.
Indeed, "Government Reform" is an oxymoron.

So the question is "At what point does this become harmful?" Case in point: I would maintain that we do not want to move manufacture of M1 Abrams tanks or the F22 to China even though we could save a lot of money by doing so.

Yes, less expensive widgets may seem a good thing. But there are less obvious implications that should not be glossed over and dismissed out of hand.