Dre L
Well-Known Member
Someone cue up dueling banjos, I need to hear music to these threads.
:lol::lol::lol:I just left the "Ignorant Folks" post by AdamCKach and find myself in another one yet again...
R Shek - Spoken like a true Republican...
BTW, R Shek, if Bush is doing so great, why is his popular vote at 32%. Welcome to the minority
You all deserve it for electing Dick and Bush into office
thank you mr president for those low low gas prices, thank you mr president for homeland security, thank you mr president for making me feel safe as a us citizen to travel to foreign countries to learn about other cultures, thank you mr president for allowing out sourcung of american jobs, thank you"
(BTW, more jobs have been created by importing jobs than exporting them, how many Hyundai, Toyota, BMW, Kia, etc plants have been built here?).
http://www.ofii.org/insourcing/THE FACTS ABOUT INSOURCING
U.S. subsidiaries employ 5.4 million Americans.
U.S. subsidiaries support an annual payroll of $307 billion and pay, on average, 31% more than all U.S. companies.
U.S. subsidiaries heavily invest in the American manufacturing sector. 34% of the jobs at U.S. subsidiaries are in manufacturing -- more than double the proportion of manufacturing at all U.S. companies.
U.S. subsidiaries manufacture in America to export goods around the world -- accounting for over 20% of all U.S. exports.
New foreign direct investment (FDI) in the U.S. totaled $39.9 billion in 2003.
In 2003, U.S. subsidiaries reinvested $38.6 billion in their U.S. operations.
U.S. Subsidiaries have spent $27.5 billion on U.S. research and development activities.
http://www.ofii.org/insourcing/recent_expansions.docHonda North America, Inc. announced expansion of its Alabama plant at the end of 2002 – a doubling to 300,000 Odyssey minivans and V6 engines. The new production line starts this spring with expectations to achieve full production by the end of 2004. This brings Honda’s employment in Alabama to 4,300.
Mercedes-Benz US International, a subsidiary of Germany’s DaimlerChrysler, is expanding its plant in Vance. The vehicle manufacturing facility already employs 2,400 and the $600-million expansion will add 2,000 new jobs.
Toyota Motor North America, the U.S. division of the Japanese automotive manufacturer, recently announced the Phase 3 expansion of its Huntsville engine plant that will include a $250 million plant as well as 300 new jobs. Construction is expected to begin on Phase 3 in early 2005, with new production on V-8 engines for Toyota Tundra and Sequoia pickups to begin by 2006. The latest Huntsville expansion will almost double the size of the facility and bring the total investment there to $490 million. This expansion will be the second since May 2003 when the Huntsville plant produced the company's first V-8 engine outside Japan.
DENSO Corporation, the Japanese auto parts maker, is building a new manufacturing facility in Osceola. The new plant will employ 500 people manufacturing air conditioners and radiators for customers such as Toyota.
Nestle, the Switzerland-based company, opened a new production facility in Jonesboro. The facility will produce many of Nestle’s prepared food products. The $165 million plant currently employs nearly 400 with expectations of employing nearly 1000 once the facility is fully operational.
"We understand that our multinationals . . . are going to create jobs all over the world. By the way, Americans should realize that foreign companies employ a lot of people here. Pennsylvania has almost 400,000 people employed by foreign owned companies. We're not against that. . . ."
~ Gov. Ed Rendell (D-PA) in a May 14th interview with Lou Dobbs
A recent poll of economists by the Wall Street Journal found that only 16 % of them saw outsourcing as having a significant impact on the overall job picture. [1] This was the conclusion of no less a distinguished economist than John Kenneth Galbraith in his book, The Economics of Innocent Fraud published by Houghton Mifflin in 2004. One such delusion is that somehow the Chinese and Indians can not move into highly qualified sectors and outcompete the U.S. and European nations there. While the Indians and Chinese are building or expanding their auto industries, economists engage in platitudes to defend outsourcing.
Economist Thomas Sowell from the University of Chicago said “anything that increases economic efficiency--whether by outsourcing or a hundred other things--is likely to cost somebody's job. The automobile cost the jobs of people who took care of horses or made saddles, carriages, and horseshoes.†[1] Walter Williams, another economist, said “we could probably think of hundreds of jobs that either don't exist or exist in far fewer numbers than in the past--jobs such as elevator operator, TV repairman and coal deliveryman. ‘Creative destruction’ is a discovery process where we find ways to produce goods and services more cheaply. That in turn makes us all richer.†[2] Nationally, 70,000 computer programmers lost their jobs between 1999 and 2003, but more than 115,000 computer software engineers found higher-paying jobs during that same period. [3] However, economists do concede that labor is not always perfectly mobile and that some workers may have difficulty getting new jobs. Some economists suggest that government training programs be provided.
http://www.intertangent.com/023346/Articles_and_News/1490.htmlEvalueserve, a research and intellectual property firm, estimates the demand supply gap in the labor market will reach 5.6 million jobs by 2010 and the industries that will face this shortfall include IT and healthcare. Emerging areas like biotechnology and nanotechnology will create a substantial demand for labor.
Evalueserve estimates that for every $100 of call-center work offshored by US companies, $143 is invested back into the US economy. This figure is $133 for IT services work and $142 for high-end knowledge services like equity research, and risk management.
Statistics reveal that US economy loses an average of $231,289 for every job protected in the country. It leads to an annual loss of over $100 billion.
Bill Clinton promoted outsourcing as a key budget-balancing instrument and acknowledged that efficiency in government is directly related to a lower encumbrance on the taxpayer and that private companies can offer a service at a lower price tag with higher quality. The outcome of this drive towards efficiency can be seen in the form of low prices and high standard of living.
How many jobs have been, or going to be lost, because<
n 2000, the number of personal bankruptcy was 1,203,080, the number rose to 2,026,047 in 2005.
In 2000, the Unemployment Rate was at 4%, in 2004 it was at 5.5%.
Both the number of unemployed persons, 7.0 million, and the unemployment
rate, 4.7 percent, were little changed in March. The jobless rates for the
major worker groups--adult men (4.1 percent), adult women (4.1 percent),
teenagers (15.7 percent), whites (4.0 percent), blacks (9.3 percent), and
Hispanics (5.4 percent)--showed little or no change over the month. The
unemployment rate for Asians was 3.4 percent, not seasonally adjusted.
Total nonfarm payroll employment rose by 211,000 in March to 135.0 million,
seasonally adjusted. Over the year, payroll employment has grown by 2.1 mil-
lion. The March increase was concentrated in the service-providing sector,
with gains in several industries, including professional and business services,
leisure and hospitality, retail trade, and health care. (See table B-1.)
Employment in professional and business services increased by 52,000 over
the month. The gain was spread among most of the sector's component industries,
including architectural and engineering services, computer systems design, man-
agement and consulting services, and services to buildings and dwellings. Over
the year, employment in professional and business services was up by 469,000.
Leisure and hospitality employment rose by 42,000 in March. Within the
industry, employment in food services and drinking places continued to grow,
with a gain of 33,000 over the month. In March, retail trade employment in-
creased by 29,000, with most of the growth occurring in general merchandise
stores (26,000). Employment in wholesale trade continued its upward trend
and has risen by 232,000 since its most recent low in August 2003.
Health care added 24,000 jobs in March; over the year, employment in the
industry has risen by 293,000. Over the month, job growth occurred in hos-
pitals (8,000) and in ambulatory health care services (16,000), which includes
doctors' offices and home health care.
Employment in financial activities rose over the month. Credit inter-
mediation and insurance carriers each added 7,000 jobs, following similar-
sized increases in February.
In the goods-producing sector, mining employment continued to expand in
March, rising by 6,000. Most of the gain occurred in support activities for
mining, particularly those related to oil and gas. Since its most recent low
in April 2003, mining employment has increased by 97,000.
Both the number of unemployed persons, 7.0 million, and the unemployment
rate, 4.7 percent, were little changed in March. The jobless rates for the
major worker groups--adult men (4.1 percent), adult women (4.1 percent),
teenagers (15.7 percent), whites (4.0 percent), blacks (9.3 percent), and
Hispanics (5.4 percent)--showed little or no change over the month. The
unemployment rate for Asians was 3.4 percent, not seasonally adjusted.
In 2000, Median Household Income (in 2004 dollars) was $46,058, in 2004 the number was $44,389.
The latest figures on wages from the Bureau of Labor Statistics, released Sept. 16, show that average hourly earnings for rank-and-file workers (about 80% of the private workforce) were 2.6% higher in August than they had been when Bush took office, even after adjusting for inflation.
In 2000, the Unemployment Rate was at 4%, in 2004 it was at 5.5%.
Nine months prior to the 1996 presidential election, Bill Clinton's Council of Economic Advisers cheerfully reported that the "American economy has performed exceptionally well over the past 3 years." While that may not surprise you, you may however be surprised to learn that President George W. Bush's economic record is, in many ways, better than the record Clinton ran on for reelection.
Compared with the "exceptional" years of 1993, 1994, and 1995, the first three years of George W. Bush's presidency featured:
- lower inflation
- lower unemployment
- faster productivity growth
- faster labor compensation growth (i.e., wages and benefits)
- 29.4 percent ($6.9 trillion) more economic output
- 45 percent ($960 billion) more exports; and
- an economic growth rate 81.2 percent as fast as that under Clinton
Unemployment Rate:
Jan 2004: 5.6% (After GWBush's 1st three years)
Jan 1996: 5.6% (After Bill Clinton's 1st three years)
Poverty Rate For Families (Two-Year Average) -2001-2002: 9.40% (GWBush's 1st two years)
1993-1994: 12.95% (Clinton's 1st two years)
1993-2000: 10.50% (Average for Clinton's full eight years)
Percent of People Below 50 Percent of Poverty Level (Two-Year Average) -
2001-2002: 4.95% (GWBush's 1st two years)
1993-1994: 6.05% (Clinton's 1st two years)
1993-2000: 5.31% (Average for Clinton's full eight years)
Homeownership Rate -
GWBush's 1st three years:
4th Quarter 2000: 67.5% (before GWBush)
4th Quarter 2003: 68.6% (after 3 years of GWBush)
Difference: +1.1%
Bill Clinton's 1st three years:
4th Quarter 1992: 64.4% (before Clinton)
4th Quarter 1995: 65.1% (after 3 years of Clinton)
Difference: +0.7%
http://freerepublic.com/focus/f-news/1092602/posts/