Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Bill who wrote (3300)	2/8/2004 12:43:05 PM
From: Lizzie Tudor	Read Replies (2) of 90947

Looks like the Bush economic team finally figured out what we have already known for years. Too late for them. Offshoring is going to have to be regulated, or at minimum large US taxpayer dollars should not be doled out to offshore R&D firms like Juniper. All we have done is taken the federal budget and put the capital to work in india. Nice work from the Bush administration. Since I am surrounded by this wonderful hollowing out of the labor force I know it cannot be fixed with time... you still think Bush can win? I say there is NO CHANCE. A llama could win against Bush in November. Corporate Profits Don't Lead to Hiring Two recessions later, the economy is rebounding again, but the university's once-vast job pipeline is gone. "Even though earnings are up for a company like Dow Chemical, they're just not hiring that many people any more," said Gardner, who directs the Collegiate Employment Research Institute. Anecdotal evidence like this doesn't just worry the jobless, their families and friends. The lagging job market could become a key tripwire for President Bush in this year's election. An economic recovery without jobs may not sit well with voters, who could side with Democrats suggesting that Bush has favored big business at the expense of workers. And without a pickup in employment, consumer confidence and spending on Main Street may take a hit. Indeed, even companies with quarterly profits soaring are shy about adding workers -- if they're not laying people off. "We listened to over a hundred quarterly earnings conference calls and we have not heard from anybody who says they are picking up the pace of hiring," said Richard Yamarone, director of economic research at Argus Research. "Not one." JOB EXPORT WORRIES U.S. companies continue to look toward India and China for cheaper labor, adding to the worries of some that new jobs are headed to Guangzhou and Bangalore rather than Chicago or Boston. biz.yahoo.com

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