Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (176705)	1/13/2009 3:32:56 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

hi Lizzie, you are right that politicians want good times. having said that, a reasonable person puts limits on the good times b/c a bust has occurred every single time a boom gets too big. perhaps they want to pin the bust on the next guy and they are all playing roulette. i think sustained reasonable growth can be achieved, but that isn't what they want. perhaps it is short term greed to keep the populace happy. it definitely plays a roll. i've also heard theories about the "uber rich" desiring to whipsaw the economy from boom to bust so they can get rich buying assets for pennies on the dollar during the bust times. i think there is some truth to that, too.

To: Lizzie Tudor who wrote (176705)	1/13/2009 8:22:31 AM
From: arun gera	Read Replies (1) \| Respond to of 306849

>Rather than address the root cause of the jobs crisis, which was offshoring, an offshoot of globalization which is untouchable right wing dogma, > Globalization did not happen with Bush. What was happening for 50 years with manufacturing outsourcing to Japan, Germany, South Korea, Taiwan, Mexico? You may be feeling it more because, this time it happened to technology services. But the numbers in technology services outsourcing are tiny compared to what happened in manufacturing. In the last 20 years, the IT and BPO companies have only created 2 million jobs in India. And truly only 1 million as the indian workforce works at half the efficiency. So at most 1 million jobs have been taken away from the developed nations over 20 years. That is about 50,000 a year. On the other hand, Indians have purchased 400 million cell phones and associated infrastructure, and hundreds of Boeing and Airbus planes over the last 10 years creating jobs in Seattle, San Diego and Silicon Valley. The net effect to all developed nations- a loss of say 25,000 jobs a year, maybe not even that. So why make such a big deal? -Arun