Posted on 08/05/2003 1:23:15 PM PDT by ex-snook
Edited on 04/29/2004 2:02:54 AM PDT by Jim Robinson. [history]
They have been making that claim for some thirty years now. It has never had much effect. It seems that consumer debt is not as big of a deal as many always fear.
I do not know exactly why, but it has something to do with desire and needs. And the bankruptcy system.
The ability to pay wages to individuals and concerns outside the United States, beyond the reach of the Internal Revenue Service. The outcome results in more out of work US citizens and less revenue for the US Treasury, a win win in anybody's book. Even when US citizens find jobs, those jobs are likely to be service sector jobs, the fastest growing least financially rewarding and benefits providing jobs in the nation, often only available on a part time basis. Full time employees are just so costly and unwarranted.
Manufacturing
High Tech
Clerical and Records related
H.R.
The list continues to grow as our unemployment figures worsen and our US Treasury income decays.
The United States was a power second to none in 1990. Where was the impetus for gutting our economy?
From the article "another sign that the longest job-market slump since World War II continues." They acknowledge recovery lag but this one is overdue.
You are right about dot coms also another boom idea is needed but the Gore-Gingrich Third Wave Information Age is running on empty. The mouse engine is going nowhere.
Where indeed? The selfsame managers who wouldn't let people telecommute "because they couldn't keep an eye on them" cheerfully send their entire XXX department 10,000 miles away...
Capital spending and GDP are showing nice gains and as the harbinger of things to come like employment and further growth in cap ex.
Capital spending is showing an increase and we may be certain th Chinese and Indians will experience a substantial rise in employment from these expenditures but if this were going to be having a significant effect in teh uSA it should have shown up in the employment figures by now.
If your expectations are to return to the dot com boom and high wage rates for IT and computer professionals, then you are going to be disappointed. that industry has begun to mature.
Rather than maturity of the industry a more fact based explanation is the criminal behavior involved in using H1-B and L1 visas to send these jobs offshore. maybe we need to put some people who order subordinates to commit perjury in jail.
What we need for another boom is another great idea. I don't see one coming soon, but it is quite possible. That is the American way.
Well we could always impose tariffs on those nations that have used currency controls and participated in criminal behavior.
By jove, an idea. Maybe we should require separate Income Tax Returns from those shipping into the U.S. Maybe that would provide a tax load to equalize what US Corporations have to carry in their costs.
After the "nine dwarfs" have completely destroyed each other, Hillary may have to step in and save the party.
(Rush is calling him "Nikita" Dean, now.)
How much of that is spent on goods that are produced in America, and create American jobs?
How completely accurate.
There was obviously a market for a candidate like Perot, he merely ran and filled it.
GHWB has no one to blame but GHWB for the votes Perot earned in the election.
We need to "replace" the taxes of american workers and american factories, with a new tax of non-resident workers of global companies and a tax of global companies who produce elsewhere and sell their goods here. End the income taxes completely on american companies and american workers. The taxes we get from indian and chinese workers and factories in mexico and asia, would be more than enough to finance our government. We would win both ways.
Actually snook, this isn't a government report but a report being trumpeted by a consulting group from Chicago.
Who knows if the "consulting group" is a demo hack organization.
As we saw in 2000, you can be sure no third party candidate will ever get the market exposure of the debates again. There will be no difference in column A and column B. This is also why the Washington Dims will go all out to down Dean.
What goods? We don't produce much here anymore. The money is coming back to us is in the form of foreign ownership of our fomerly American-owned companies. This will exacerbate the problem since these foreign-owned companies will have no loyalty whatsoever to the United States...not that the current owners do...
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