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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (64649)	9/16/2003 2:28:39 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

re: Japan or Mexico Somebody else made that comment once, not directed at me necessarily but just a comment that nobody cared when the textile factories closed or the lower level labor jobs went offshore but now that it is white collar, different story. Well, of course since my business is collapsing I am certainly disturbed about it, I don't deny that. But look at the economics of this globalization trend vs. past experiences for the differences. We haven't had job loss like this in 50 years, and just my personal situation is somewhat scary as to what the ramifications are to the high tax countries. The reorganization to my team alone probably pulled $1mm per year out of the US tax rolls. The deficit keeps getting revised upward and I think this offshoring is the culprit, not the wars. I think the Govt doesn't want to openly address it because the job loss is something they are trying to downplay. The difference I see is that the later affects jobs in your profession, whereas the former did not. The last recovery was a no jobs recovery for awhile. This recovery is something of an extreme job loss recovery which is quite a bit different. What I wonder is why the resistance on some people's part to my line of thinking- you keep trying to characterize it as some sort of personal problem I have or something isolated to my business, etc. I really don't get that. It flies in the face of the facts. Let me ask you what you think will happen here? Are you expecting a good jobs number coming up for september, job growth coming back, etc. or do you think it just doesn't matter? Seems like everytime somebody posts to me that I am overreacting, the next day we either get a new unemployment claims over 400K AGAIN, or a job loss report over 50K. It just happened last week.