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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (428619)	7/17/2003 9:02:34 PM
From: Shawn Donahue	Read Replies (1) \| Respond to of 769670

How can "one" who admits to reading and understanding a document that our founding father's produced, not understand their motivation for independence from England and the rest of the World!? There is no freedom in a World Government or a World economy, only in protecting the sovereignty (and economy) of the only country in the World where the rights come from God and are to be protected by the 3 branches of Government, and not from whomever is in control of the Government! You cannot help to feed and clothe your neighbor, if you are out of a job and cannot even feed and clothe your family! Giving our neighbors in India, China, Russia, etc..all our IT jobs, after already giving our manufacturing jobs to the World or Global economy is not intelligent long range planning, nor is it right! We are not talking about teaching our neighbors in other countries to fish (which they already learned and copied from our universities), we are talking about giving away our fishing grounds (place of employment). Does that make sense, or do you not care, because you believe that you are financially set or at least too occupied in your life with taking pictures of what God created without your help, to care about what is happening to your neighbors...?! :-( At least there are others on this site who have a clue and really care about their neighbors in this country, as we are still not citizens or subjects of the World yet, or didn't you know it?! And when you are, you will know it, because there will be anything but peace and prosperity, according to God's Word... Should American firms export U.S. jobs to boost their stock? Steve Harmon siliconinvestor.com Welcome to the giant sucking sound in information technology, jobs. Should U.S. technology jobs go to India or other offshore countries that work for pennies to the dollar? Some items were buried in the quarterly report from Hewlett-Packard's recent conference call. One we noted was the continued firing of H-P employees in the U.S. -- about 18,000 merger casualties will limp away bloodied and bruised from the H-P/Compaq merger. The flip side of this was H-P's announcement buried in the quarterly report of continued hiring of offshore employees such as those in India. Somehow we doubt the company that Hewlett and Packard founded in that Palo Alto garage several decades ago when Silicon Valley was still orchards would warm to the thought of firing folks at home and replacing them with foreign workers who cost about 1/10th as much to employ. If so, they would have probably moved to Bombay and started the company there. Why mess with California's high cost of living in the first place? In fact, H-P CEO Carly Fiorina may want to consider moving to New Delhi also. Her $4.2 million salary last year could buy an entire town over there and turn all the people into indentured servants. Or, perhaps the solution is much simpler. Fire Fiorina and hire one of the top executives from a company such as Satyam (NYSE:SAY) which is a leader in outsourced information technology. They must be willing to work twice as hard for 2% of what Carly makes. Satyam's CEO pay listed last year was $84,000. He's working for 2% of what Carly made last year. Toss in Carly's generous stock package and half of India could work for H-P for what Carly makes now. Nothing against India or any other country working the outsourced channel. But U.S. executives with what I consider exorbitant pay packages (stock included) seem a little too laissez-faire about taking jobs offshore. American executives who are looking to dress up their numbers to boost their stock prices by firing Americans and hiring cheap offshore workers should really consider what effect this could have on the U.S. economy. Legislators also need to consider this and some already are. Here's an audio report on this topic. Click and listen: biz.yahoo.com -------- And here's some feedback some of you sent in so far: I was listening to Steve Harmon on ON24 remark about IT jobs moving to countries like India and China. First I want to say I am one of those IT people who is unemployed. For the companies in the short run it will boost the bottom line, and be good for stock holders. In the long run it will be bad for companies, and for America. Less and less people are going into computer science, because the outlook for employment is so poor. Not only will we lose are technology lead, will lose alot of the middle class, because of the loss of good paying jobs. Who will these companies sell their products to. Surely not the people of India or China. I hope this pattern of moving jobs overseas is changed. We lost the manufacturing, and now we are losing computer IT, and according to the Wall Street Journal, financial service jobs. With out good paying jobs in America, America will suffer dearly. There is a big sucking sound, it's the jobs being sucked out of this country. Michael T. --- I think it's shortsighted to outsource our entire IT industry to India. I lost my high paying IT job almost two years ago. I was 51. There were plenty of Indian programmers working there when I got fired. They were making less than I was, I can assure you of that. They get foreigners into this country on H1-B special visas, and they work like dogs, because if they get fired, they get deported. So they can work them 24/7 and they don't have to compensate them adequately. Then whenever the opportunity arises, they'll export even more of our IT jobs to India. Sure, India has lots of excellent IT people as well as Engineers. But outsourcing all of our technical jobs will help destroy our country. When you lose your job as a programmer, and there are no jobs to be filled here, what do you do. I'm 53 now, and I had to go back to school and train to be a special ed teacher. Corporations don't care. They'll outsource everything if they could, except for their own jobs. I would not advice any young people to go into IT. A once promising field has been destroyed by greedy corporations. Brilliant young programmers, just out of college, cannot find work. As programmers, I can speak for us all, in saying we feel betrayed by our government. Mark G. ----- Next it'll be your job outsourced. Anything can be done cheaper from several dozens of nations. Your thoughts? should American companies fire Americans and hire foreigners offshore just to cut costs and "dress up" their balance sheet by fattening the margin? Is it really good for the U.S. economy? Does it really help a stock such as H-P or Intel or Microsoft if offshore companies do more of the workload for a fraction of the cost? send your replies to -- mailto:info@marketsnap.com