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To: Lizzie Tudor who wrote (65333)	3/30/2004 10:44:18 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77397

" And the job loss is precisely why we can't recover from this recession." Hi Lizzie, the above is not a factual statement. The fact is that the economy is very strong right now and GDP is growing very nicely. Companies earnings are also growing at a fast clip. Most recently, the economy has also been ringing in good retail spending growth, which is a testament to the strength of the consumer. The long and the short of it is, we can all continue to whine about offshoring etc, but this economy has already moved beyond that and is once again showing that the American capitalist system is the best in the world for shaking off malaise and excess and working through the corrective processes to get back on its feet. We're firing on all cylinders now and I would be willing to bet all my credibility on this thread that substantial jobs growth (>150K per month) will be here in the next few months, most definitely before the November election.

To: Lizzie Tudor who wrote (65333)	3/31/2004 9:36:19 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77397

engineers are already gone John. It's not over yet. When I can hire folks in Cairo for 1/2 of what the same results cost me in SV, then there are a lot of folks in SV whos future employment is in jeopardy. And the job loss is precisely why we can't recover from this recession. What you call a "recession" is merely a return to normality following an incredible boom. If you jump 100 feet up in the air, it's a bit short-sighted to blame a gravitational fault for the reason you are about to hit the ground! The CEO of satyam and infosys has the same job as the CEO of IBM, particularly since IBM is nothing more than a services offshorer. Interesting perspective. If you are trying to build credibility with me, it's not working very well. I would start with the financial staff CFO and controller. These are positions that could easily be offshored for most firms. I think you'd be hard pressed to find enough people in India qualified to effectively interpret US tax code. Let alone prepare, manage and interpret the financial statements of any significant commercial enterprise. But if you can find 'em and they're willing and able to do the job (the whole job) for less... well, then of course outsource these functions. Same goes for code monkeys. Right? Whether or not a job can be outsourced is not an intrinsic function of the job being performed, but and extrinsic function of the labor market. You don't seem to get it that there are literally armies of qualified C++ programmers outside North America, the majority of which represent a higher marginal return on expense than their North American counterparts. Whether you like it or not, the same can not be said for the majority of executive functions.