First these corporations betrayed their workers by moving plants out of this country. Now that the 90's are over we find out they betrayed their stockholders with dotbombs, accounting shenanigans and fraudulent earnings reports. Same as Bill Clinton betrayed this nation to China and in other traitorous actions.
When the boss is a crook, the underlings are a lot more likely to see how far they can push the envelope of honesty.
As cruel as it might sound- labor is a commodity just like raw materials. If a company or corporation can get it cheaper somewhere else, that's just what they're going to do. Unions and taxes make labor more expensive to a company. If corporations were given tax exempt status or drastically lower taxes, they could afford expensive American labor.
Blame the gov't. Blame the unions. Don't blame the corporations for trying to turn a profit. That is what I and everyone else, as a shareholder(s), demand that they do. That's the way the free market works.
If American labor wants to compete with the greater international labor market, they're going to have to ask themselves what they need to do to make that happen. It's just like anything else. If people buy Hondas and Toyotas because they're cheaper and better cars, Ford is going to have to compete with those guys and do the things necessary to do so. Labor is no different. If the working man doesn't like it, he needs to vote those big spenders like Ted Kennedy out of office. If labor unions don't like it, they can quit supporting social democratic candidates. It's a good thing when corporations leave. They're just pointing out quite graphically that you can't have your cake and eat it too. This is how progress works.
You'll get flamed for that. There are two conservative camps here on FR. One is a group of Randian absolutists who believe that American companies should go wherever the labor is cheapest. This side makes a valid argument that if the government's regulations become too onerous, they should pull a John Galt and move to the Bahamas.
On the other side are the America Firsters who believe that since America is protecting these companies, the companies have a duty to keep Americans employed. They make a valid point in that if Americans keep losing their jobs to the third world, there will be no more Americans to purchase their products and America itself will descend to secord world status.
The events of the last decade have drawn me away from the Randians and dangerously close to thinking that Buchanan isn't a complete nutburger. (wow, did I really say that?)