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

To: Elroy who wrote (67616)	4/14/2005 11:57:53 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

And I think you only mean offshoring of developmental engineering, right? You don't mind US car plants in Mexico or Dell call centers in India and Nike factories in Cambodia, do you? Well, Elroy I don't know. I never thought much about "free trade" until this happened to high tech out here, which has been the last 5 years. Its not that I am unconcerned about the plight of those in the mfg industry or anything, the situation was different in the 80s and 90s as free trade worked its way through the US manufacturing sector... NEW JOBS WERE CREATED in the 80s and 90s and the old ones went. This new trend of offshoring intellectual property and new R&D seems to have killed the new job growth engine in the US (not the older ones like before), so I am worried about that, because I see no way out of it. But make no mistake, the US trade deficit is worrisome. We can't have all of the US economy as only consumers of chinese goods. This doesn't work.