Just noting that the US economy does not suck uniformly -- according to the BLS, in March 2012 the unemployment rate among those with a Bachelor's degree and higher was 4.2%. Among Black or African-Americans, Both sexes, 16 to 19 years old, unemployment was 40.5%.
It's good that US companies are hiring overseas. Their overseas operations don't have an Obama to contend with, and he appears to have succeeded in his goal of creating a permanent US underclass. Have the Dems proposed legislation to punish US companies for operating successfully in countries that are not run by economic ignoramuses yet?
The data shows the drop in domestic hiring as a percent has fallen from 79% in 1989 to 67.7% in 2010.
The data also shows the drop in 2009 was 0% and in 2010 was 0.3%
Any way, it is very important to give these companies the Ryan tax break so the shift more of their hiring overseas.
Of Course, but they get a lot of help from the Pubbies too. Anyone subject to the US Tax Code is taxed on WORLD WIDE income, regardless of whether that income is taxed elsewhere - it must be declared and returns filed. For an individual, the first 75k is not subject to US tax, after that, you enter the wonderful world of double taxation of income. The US is one of, if not the ONLY nation to do this. This is why US Corporations move HQ's offshore - it protects income from sources outside the US while still maintaining some operations in the US. It is also why a lot of expats [not me!] choose to renounce - the benefit of remaining a citizen is far overshadowed by the tax burden, especially when the dollar takes a nose dive which suddenly "doubles" my "US income" without me having any material advantage.