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To: JakeStraw who wrote (65344)	4/1/2004 10:13:01 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

JakeStraw, I did some research and found that 400K jobs have been outsourced outside the U.S. That accounts for roughly 25% of the 2.2M jobs lost since Bush took office. That's a huge number. I believe that before November we'll make up at least 600K of those 2.2M jobs, but things aren't looking good right now.

To: JakeStraw who wrote (65344)	4/1/2004 11:48:33 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

I don't know Jakestraw because nobody keeps track of these numbers. According to the businessweek report, "outsourcing" (not sure how they define this) accounted for a few hundred million in 02 according to the commerce dept. Well, one company that I am very familiar with (Applied Materials) probably did 100mm on their own in outsourcing business in 02. So however the commerce dept is sourcing these numbers, they are way off, and finally wallstreet is catching up (Goldman is apparently responsible for a research report that provided the details for the businessweek article). Most companies don't post jobs offshore anymore (they are trying to hide it, obviously) but occassionally you find one and this is typical. tumbleweed.com This is high tech, the field I am familiar with but apparently manufacturing is worse, in fact the radio flyer wagon company just announced they are moving production to China. In my view this is the #1 issue for our economy and personally I am tired of high tech executives and their tunnel vision on anything that benefits them (at the expense of the US) like this trend, but are quick to wave the flag and whine about US competitiveness with China if the outcome means they keep their options. BTW mindmeld it sure looks like options are going down, you got your wish. Even I've turned on the tech lobby, thats how in bed with corporate corruption they are. Last I heard they were pushing to up the visa caps. I would like to support Chambers on his agenda though, and he does push for options.

To: JakeStraw who wrote (65344)	4/1/2004 11:59:05 AM
From: Lizzie Tudor	Respond to of 77400

I'm sure it is much more than 400K mindmeld. Bangalore alone looks like 800K to the people I know that travel there often and that excludes Pune, Mumbai etc and of course other countries China, Phillipines etc. When you google "US jobs report" you get as many hits on indian papers as US. The reason is simple, they have a lot to gain or lose based on US policy. So this is not a trivial economic matter for sure. Well, tomorrows jobs report can't possibly be as bad as the last one, that is the good news. The 112K jobs we got in january apparently was a statistical anomaly due to the "seasonal adjusting" chargeback so January really only added 37K jobs apparently. That means we added only 144K jobs for all of Q4 03 and then less than 40K jobs this quarter in total so far. Horrible, and we can't continue like this. Maybe tomorrow will turn things around at least for a month. With the outsourcing trend, the US creates fewer jobs than France and most european countries, and fewer jobs than Canada.