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To: Skeeter Bug who wrote (159323)	9/19/2003 4:11:52 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164687

Bush, Snow and Chow don't understand the productivity numbers. The reason productivity is so high is only peripherally related to technology. The reason is because people like me now have whole teams working for them in india on a contracting basis. These indians don't show up as employees so all the productivity gets attributed to ME, one individual as if I have become some sort of super-manager. Bush missed this entire offshore tornado. Had he selected an economic team with some exposure to technology, which is where the good jobs are for the younger folks, maybe he could have stemmed the tide. But his econ team comes from the smokestack industries. I remember bringing up this offshoring trend on this thread months ago and was told it was "only IT". There is no such thing as only IT of course, I don't blame people here for thinking that but Bush better get a team that has a clue. There is no trickle down from rich executives from smokestack industries to the middle classes. Companies that pay dividends don't have any significant hiring plans for an educated workforce, there is nothing there. Bush could have cut the payroll tax, as the democrats wanted him to do and that would have stimulated demand AND (more important) made US workers more competitive or at least levelled the playing field! The deficit is also balooning due to the job loss I think. Notice the deficit keeps getting revised upward, I think its receipts that are the culprit. Not war because we know what we are spending on war now, that is being watched carefully. BTW what do you think of Clark?