Outsourcing creates more jobs at home

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_bcspace
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Outsourcing creates more jobs at home

Post by _bcspace »

http://www.youtube.com/watch?v=5HMjqQaWqes

Where one perceives the problem, of course is in the transition. But as any economist will tell you, privately and not on the news, there has to be some unemployment as that shows transition and improvement is occurring. Unfortunately, liberal Democrat policies exacerbate it far beyond what it has to be; that is, if they still have a free market economy in the first place.
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_ajax18
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Re: Outsourcing creates more jobs at home

Post by _ajax18 »

I see the point. My question concerning all this talk of "job creation," is what kind of jobs are being created. Are we losing 1 engineering job and gaining 3-4 jobs as waiters? I'd call that a step backward. Policticians never seem to specify what kind of job they are creating, just that they created a job.
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_moksha
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Re: Outsourcing creates more jobs at home

Post by _moksha »

ajax18 wrote: Are we losing 1 engineering job and gaining 3-4 jobs as waiters? I'd call that a step backward.


It's the engineers own fault asking the company for a higher salary than is given to their counterparts in India.
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_ajax18
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Re: Outsourcing creates more jobs at home

Post by _ajax18 »

moksha wrote:
ajax18 wrote: Are we losing 1 engineering job and gaining 3-4 jobs as waiters? I'd call that a step backward.


It's the engineers own fault asking the company for a higher salary than is given to their counterparts in India.


Maybe so, but are you prepared to live in the conditions under which people live in India? A U.S. welfare recipient lives better than they do in that country.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
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Re: Outsourcing creates more jobs at home

Post by _moksha »

ajax18 wrote:Maybe so, but are you prepared to live in the conditions under which people live in India? A U.S. welfare recipient lives better than they do in that country.


Slothful Americans who demand a roof over their head!!! It is expectations like this, by engineers and welfare recipients, which keep American businesses from realizing maximal returns to stockholders.
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_Brackite
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Re: Outsourcing creates more jobs at home

Post by _Brackite »

Obama’s ‘Outsourcer’ Overreach:
http://factcheck.org/2012/06/obamas-out ... overreach/


FactCheck to Obama Camp: Your Complaint is All Wet:
http://factcheck.org/2012/07/factcheck- ... s-all-wet/


And after reviewing evidence cited by the Obama campaign, we reaffirm our conclusion that Romney left the helm of Bain Capital when he took a leave of absence in 1999 to run the Salt Lake City Organizing Committee for the 2002 Winter Olympics – as he has said repeatedly — and never returned to active management. The Obama campaign’s recent ads thus mislead when they point to investments made by Bain, as well as management decisions made by companies in which Bain invested, after that time.
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_moksha
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Re: Outsourcing creates more jobs at home

Post by _moksha »

So Romney remained the sole stock owner, and simply turned the stock voting control over to a number of his trusted managers. Makes sense.
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_Morley
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Re: Outsourcing creates more jobs at home

Post by _Morley »

Brackite wrote:Obama’s ‘Outsourcer’ Overreach:
http://factcheck.org/2012/06/obamas-out ... overreach/


FactCheck to Obama Camp: Your Complaint is All Wet:
http://factcheck.org/2012/07/factcheck- ... s-all-wet/


And after reviewing evidence cited by the Obama campaign, we reaffirm our conclusion that Romney left the helm of Bain Capital when he took a leave of absence in 1999 to run the Salt Lake City Organizing Committee for the 2002 Winter Olympics – as he has said repeatedly — and never returned to active management. The Obama campaign’s recent ads thus mislead when they point to investments made by Bain, as well as management decisions made by companies in which Bain invested, after that time.


http://www.newyorker.com/online/blogs/johncassidy/2012/07/romney-and-bain-capital-the-opacity-is-killing-him.html


The New Yorker

Romney and Bain Capital
July 12, 2012

third paragraph from the bottom


But this statement raises as many questions as it answers. If Romney had “retired” from Bain Capital, why did the firm continue to describe him as its chairman and chief executive? And if he was still the firm’s “sole stockholder,” can he really have been as detached from its activities as he claims? “It doesn’t make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain’s operations,” Robert S. Karmel, a former S.E.C. commissioner who teaches at Brooklyn Law School, told the Globe. “Was he getting paid? He’s the sole stockholder. Are you telling me he owned the company but had no say in its investments?”
_Morley
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Re: Outsourcing creates more jobs at home

Post by _Morley »



For an updated, counter argument, a friend pointed to this:

http://www.cnn.com/2012/07/12/politics/john-king-bain/index.html?hpt=hp_c1

Last paragraph. (The whole article is worthwhile.)

"You don't see his name anywhere -- in the meetings list, the investor documents, the manager paperwork -- it would have to be there if he was involved in any way," one current Bain officer said of Romney and Fund VII. "He was long gone then."
_MeDotOrg
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Re: Outsourcing creates more jobs at home

Post by _MeDotOrg »

Morley wrote:


For an updated, counter argument, a friend pointed to this:

http://www.cnn.com/2012/07/12/politics/john-king-bain/index.html?hpt=hp_c1

Last paragraph. (The whole article is worthwhile.)

"You don't see his name anywhere -- in the meetings list, the investor documents, the manager paperwork -- it would have to be there if he was involved in any way," one current Bain officer said of Romney and Fund VII. "He was long gone then."


It is a good article...but the question remains: If Romney was completely divorced from the company in 1999, how could he represent himself as being THE responsible party for Bain in the SEC filings after 1999? If something would have gone wrong with those investments, or the SEC representations made by Bain were later proven to be erroneous, who would the investors name as a party in a lawsuit?

You can't say 'the buck stops here' and then say 'actually, it stopped over there'.
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