pfalk, I doubt outsourcing has caused the current account deficit problem, I think it's more related to deficit:
World Bank Warns U.S. to Cut Deficits
story.news.yahoo.com
"As a result, they are financing the enormous American current account deficit."
Agreed it is bizarre how govt leaders have their heads in the sand. Too bad their jobs couldn't be outsourced.
But I do agree with you there's a bigger problem. If you don't properly invest in new research, there's not too much to replace the outsourced stuff.
Meanwhile, what are the top 10 F500? Companies that sell gas, mortgages, drugs, and insurance. And consumers can only afford Walmart:
Rank Company 500 Revenues Rank 2004 ($ millions)
1 Exxon Mobil 2 25,330.0
2 Citigroup 8 17,046.0
3 General Electric 5 16,593.0
4 Bank of America Corp. 18 14,143.0
5 ChevronTexaco 6 13,328.0
6 Pfizer 24 11,361.0
7 American Intl. Group 9 11,050.0
8 Wal-Mart Stores 1 10,267.0
9 Altria Group 17 9,416.0
10 Johnson & Johnson 30 8,509.0
fortune.com
Regards,
Amy J |
