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To: unclewest who wrote (13615)	4/20/2001 8:49:59 AM
From: LowProle	Read Replies (1) \| Respond to of 22706

we cannot rely on governmental money manipulation to solve the economic problem and recreate lost jobs You know, you're right. What we need is estate tax relief, a cut in the capital gains rates and a general lowering of ordinary income marginal rates. clp@yeah,that'stheticket.com

To: unclewest who wrote (13615)	4/20/2001 9:33:04 PM
From: jjetstream	Respond to of 22706

<the current round of job losses are even more frightening. the massive layoffs being announced> Subject 50782

To: unclewest who wrote (13615)	4/21/2001 12:11:44 AM
From: GGorillaGirl	Read Replies (1) \| Respond to of 22706

some of the same countries that initially took our low paying production jobs are now coming back to skim the cream. It looks like Gordon Moore agrees with you unclewest: One concern I have is the rate at which the U.S. is training engineers. We are squandering a good portion of our lead in the world by not training enough of our people so that they can be major participants inindustry. There are really good jobs that are going begging, and many of them are getting exported. Intel has technical operations in China, Russia, Indiaand so forth, and we have them there frankly to a significant extent because that's where there are trained people. I guess I'm still sufficiently U.S.oriented that I cringe to see the quality of jobs we're exporting overseas. technologyreview.com The article touches on Moore’s Law, although it tends to focus more on his foundation, the environment, and even SETI (yup – he thinks there might be intelligent life out there and is putting up the money (along with Bill Hewlett, Dave Packard, and Paul Allen) to find out). Interesting read, though considerably off topic for the main thread. cGGG

To: unclewest who wrote (13615)	4/21/2001 2:31:26 AM
From: EnricoPalazzo	Read Replies (2) \| Respond to of 22706

i am surprised that you bought into all that liberal nonsense (or were you joking?). Funny, I never thought of free trade as a classically left-wing idea. Frankly, I find it rather odd that people far left-of center and far right of center seem to hate free trade, although for very different reasons. Anyway, while I respect your opinion, I disagree. My father was laid off during the recession, and I saw first hand how psychologically devastating that could be. And I have a lot of sympathy for people trained in the industries that have moved abroad. While in the long run we're better off specializing in high-paying jobs rather than low-paying ones, the people who suffer the most from these disruptions are those on the ground floor. The Ford execs are still doing pretty well, but the blue-collar workers are getting the shaft. It's not so easy for "unskilled laborers" (god I hate that term) to just up and find a new profession at age 45. I don't really understand the economy, to be honest. But I basically believe that focusing on developing a skilled work force is the single most important thing we can do. By teh way, I also think our principles here differ. I don't think of "american jobs" vs. "foreign jobs". From a moral standpoint, I don't think the well-being of Americans is any more important from, say, Filipinos. In that light, if you were to ask me whom I'd rather see unemployed, the average american or the average mexican, i'd probably say the person who can afford it most. Oh, and BTW, while the asians have taken a lot of "our" computer manufacturing jobs, the profitable ones are still mostly over here. Asian companies may make commodity home electronics and DRAMs, but MSFT, INTC, CSCO are all born in the USA.

To: unclewest who wrote (13615)	4/21/2001 10:10:25 AM
From: DownSouth	Read Replies (2) \| Respond to of 22706

uw, just curious--what kind of car(s) do you own?

To: unclewest who wrote (13615)	4/21/2001 2:13:00 PM
From: jmootx	Respond to of 22706

We can not have production job prosperity with a strong dollar--the current dollar is a boon to moving jobs overseas and then importing the final product on the cheap. The strong dollar forces the US to consume, therefore service jobs. To sustain the trade deficit we need strong inflows of foreign investment. We've had this since 1995, but the stock market bubble pumped by Rob Rubin and Alan Greenspan (two Wall Street trained policy makers) has hurt some of the credibility of our investment banks and stocks. Then on service jobs--there are unlimited persons to fill low end service jobs. They are pouring in from Latin America seeking wealth. 7-8 bucks an hour is a huge wealth effect for many of these folks. I worked the industry for 9 years and a huge part of the productivity seen in the 1990's is in fact these hard working, non union, 50% illegal workforce. The only problem is the exporting of much of this money to Mexico--good for political relations, but bad for deflation. Also I can state first hand that for every one legit work permit, there are roughly four fakes out there--so the IRS thinks one person is working over 100 hours per week at multiple jobs. Then they declare 6 dependents, effectively cheating the tax system. So this solution to jobs is really not in the best interest of America in the long run-- need a weaker dollar to allow for production and export, open the border, and cut down on tax fraud.