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"(It is) a prosperous bank which has let greed trump any sense of patriotism or social responsibility," he fumed."

The line that has stuck out in this article among some of the absolutely absurd posts I spent the last hour reading.

1. Companies have no required "sense of patriotism". They are required by law to not divulge secrets of a military or industrial nature which will not injure the security of our country but nothing less. If they want to wave the flag, God Bless them and I'm all for it.
"Social responsibility" does not include a jobs program. More on that later.

2. I've read postings now calling for "boycotts" of companies outsourcing overseas. Ok boys and girls, who's quitting FR? Because if you're a 100% loyal boycotter, you'll quit using your computer as most of the components and assembly is done overseas which cost American jobs. Now the software installs are done also. And even many internet functions (customer service, billing, etc.) are outsourced overseas. If you're serious about a boycott, announce your intention to leave FR and burn your PC today. Otherwise, grow up and read on.

3. Personally speaking, this situation disgusts me. Do I blame corporations? No.

So who is to blame?

You. The person reading this.
Myself. The individual typing this posting.
Your neighbor.
And the idiots in all these articles who lose their jobs and then when they find out they were outsourced to (blank) (fill in the name of your favorite 2nd world nation here) they get upset.

WE as a people have allowed the socialist engineers to regulate and design tax policy to stifle corporate and individual initiative to a great degree. Proof? I could start another company for myself tommorrow. However because of the startup costs incurred due to federal regulations, I would not be profitable for over 260 days (estimated). So what's the point? I'm not going to create another business to feed the pig in D.C. Nor am I going to create a "jobs program" to feel all warm and fuzzy inside.

4. The Solution????????????????

Take a look at our nation's history. When our economy expanded rapidly (pre-1980) we generally had low income taxes and higher tariffs to fund the pig in D.C. Now we have flipped the scenario. We have created new regulations for the most absurd reasons (thus creating the "trial lawyer" industry), increased income taxes on those "evil" rich folks (that's any single filer earning more than $52,000 from the demorat perspective by the way), and increase corporate fees and taxes which are passed on to the consumer.

If you want to quit losing not just "jobs" but entire freaking corporations, roll back the tax monster created and fed by both parties in D.C. Until then, shut up and let capitalists be the last freedom loving individuals left. These corporations have done nothing you or I wouldn't do in a similar situation. But if you protest differently, and say you would be more "patriotic" then you are not a capitalist, you are a communist. Rant off....

WE as a people have allowed the social engineers to regulate and design our tax policy.......

WE as a people have been out-snookered by slick politicians in both parties. How many bills have been passed in the late night hours? How mny bills have been passed with a show of hands with only maybe 5 present?

We elected what we thought to be a President that would uphold America's laws. Now we are being forced to pay for welfare, SSI, health care, education of peopple who are in this country illegally.

India also lobbies our congress with big bucks. Now, if what I have read is true, India is going to force this issue via the WTO.

Are you going to tell me that many of our capitalist corporations are not paying big bucks through lobbying to our congressmen? Especially, when many of the congressmen's wives are hired by these corporations that we the American taxpayer are forced to subsidize?

Good luck on rolling back the tax. Good idea. Unfortunately, you won't have a say in this and neither will I.

Nice Rant!!!
It's our fault or at least our problem. Labor is cheap outside the US (and EU) and it will stay that way till they catch up. Do you really think pure free trade is going to help you out of this one? The billions of people in Asia can quickly learn to be nearly as productive in these out sourced jobs as we are. We'll be waiting decades until they catch up to us and it will only happen if they successfully beat thier corrupt systems into shape.

The only solution I can see is isolationism; of coarse that isn't free trade, but you could have free trade inside an isolated America. Of coarse it wouldn't be as good as global free market.

How do put a tariff on a call center, assuming you wanted to? Uncle Sam cann't ask for income tax from India or?

Do you think if they remove all taxes and goverment spending and somehow defaulted on the nation debt, that free trade would keep us rich while they caught up?