No bailout until outsourcing ends

[OhioChick]

Nov. 23, 2008 12:00 AM

I am of the opinion that any bailout money should be held until some proof that the receiver will bring their outsourced jobs back to this country.

Why should we pay these companies to support workers in other countries while we have increased job losses here in our own country?

The banks have their customer-service representatives located in India and who knows where else. The auto industry has plants, customer service, and more in several foreign countries.

We have unemployment here in our country which is going to cause an extension of unemployment compensation. More tax money from the citizens for laid-off employees that could be working if only the jobs were here in our country!

http://www.azcentral.com/arizonarepublic/opinions/articles/2008/11/23/20081123sunlets233.html

:thumbsup:

[Azlady]

1. You got it -

You want Bail out money, bring the jobs home AND give those jobs to American citizens only P E R I O D

[ixion]

2. kicked and recommended

agree whole-heartedly. :applause:

[DainBramaged]

3. Then we really are done. Oh, it's a LOAN. I forgot

and the auto industry is not the biggest culprit.

But what do I know.

[MessiahRp]

22. Well if it is a loan then these preconditions should work as collateral.

After all it is the lender's discretion whether or not to give the loan away at all.

Rp

[Phred42]

4. FIrst time I've heard that sugested - in all of this

Excellent!:toast:

[pacalo]

5. K&R.

[LiberalEsto]

6. Hell, yes!

We need legislation that says any American business that accepts any form of federal assistance, whether it's in the form of tax cuts, bailout money, federal grants, small business loans or other funds MUST hire American citizens in order to qualify for the assistance.

Heck, we have long had federal contracting laws that (although probably not enforced very much during the Bush nightmare)require contractors with the federal government to hire certain percentages of minorities and women, or require their subcontractors to do so. You'd think beleaguered American workers would have some rights as well.

[gristy]

7. Problem is that these businesses are in the business to stay in business

and outsourcing is one of the ways they do that. Their competitive and regulatory landscape dictates that they do so.

What is needed is a change in regulations so as to make it NOT in their business interest to move jobs offshore. A big part of that is for the gov't to take on the burden of insuring (national health care) and providing for the retirement (strengthening social security and medicare) of all workers and their families. Once businesses are relieved of these labor expenses, they will find that it actually is in their interest to hire on-shore.

[rhett o rick]

17. At one time businesses were in business to stay in business. But when regulations were removed

and they could see that some were ruthlessly after quick profits at the expense of long time health of the business, it became a jackal feast. Get what you can as fast as you can. If the government bails you out that's a bonus, in the meantime you stole what you could. You can always move to Dubai like Halliburton.

Time for fractured analogies. One upon a time there were rules controlling how many golden eggs corps could take from the goose (middle class). But this was sooo slow. Alan Greenspan said if we take the limits off, then corps will be able to get more golden eggs and that will benefit everyone. Some tried to tell Alan that it was too dangerous, but he said no "free market, free market, it is in the corps best interest to protect the goose, free market, free market". So the corps were unleashed and guess what, like ravenous jackals they killed the goose. Alan was appalled saying that he was shocked at the greed of the corps. I think that Alan and Ayn Rand shared some funny mushrooms back in the day. Just sayin

[Booster]

8. I totally agree with this article. And no government contracts for

rebuilding our infrastructure to companies that hire illegals to do the work for less than minimum wage. If we would just enforce the laws we already have this country would be in better shape than it is.

[HillbillyBob]

9. I agree too. I try to buy as much as I can (not that I have much to spend)

As locally as possible. We did buy a Nissan, while it was built in the US. We could not find a dependable Detroit auto that got the milage this one does that we could afford and get a loan for.
We lived in Greenboro NC when both Levis and Wrangler jeans went and let all of the employees go from a factory that has been making their jeans for about 100 years.
I wrote them a letter they responded that they had to take care of their shareholders.
I wrote back that I guess you don't give a fuck about the employees whose families have worked for them for so long and MADE your business, and that I sure as hell will not buy levis with made in Russia or Mexico on the label, and I haven't..but dang I m gonna be going nekid soon as even socks and unders (that would be Sarah Lee, as in cakes etc which owned Hanes brandes)are now made by American companies using slave labor in places like the Marianas Islands which is a ''protectorate'' and that was part of the delay abramoff scandal that few even know about.
Oh and our older car is a dodge dakota pickup.

[glitch]

10. Maybe the unions should just buy up the stock on behalf of their members, oust the board

get their own loans from Chavez and Lula and bring it on.

[rhett o rick]

11. And no bailout until Paulson is fired. nm

[trashcanistanista]

12. Even bettter!!!

Throw him OUT!!!

[rhett o rick]

15. Take away his exec bathroom key.....yeah. nm

[democracy1st]

13. K & R

[dreamnightwind]

14. Excellent idea.

It won't happen though, no chance in hell.

I think where all this is headed is a radical devaluation of our currency. It'll shrink the debt we owe, though we won't be able to afford imported goods for the most part. Massive pain for quite awhile.

On the positive side (well I'm not sure how positive it really is), they won't increase our salaries or wages accordingly, so we'll all be making a lot less. When that happens, our labor force will be more competitive. We'll actually resume making things domestically with our own labor.

I could be completely wrong and I hope I am!

[OhioChick]

16. I hope you're wrong, as well. n/t

[Azlady]

18. So hope you are wrong .... nt

[Life Long Dem]

19. So outsourcings not paying out.

I know there was talk about India's wage's being on the increase to where it makes outsourcing a questionable cost savings. But that was 2 years ago anyway. And I know they talked about this being years before they start to show a profit. And here we are years later and what?

[sledgehammer]

20. Citi hiring 1,000 in Philippines

Wow...a bailout this morning, and then 1000 new jobs in the Philippines:

http://www.marketwatch.com/news/story/Citigroup-hire-1000-workers-Philippines/story.aspx?guid={09F497DB-5E5F-44FB-AE11-9F17DC8903A2}

[ihavenobias]

21. K & R, let's get this over 30 recs. n/t

[alarimer]

23. They should not be allowed to use that money for their Brazilian plants.

There was a story around here that said that GM was planning on using some bailout money to expand plants in Brazil.

Just Hell, no.

Use it pay for retiree health care or for salaries in this country or whatever. They just cannot be allowed to use it to fund their foreign operations. Our economy needs more help right now than foreign countries do.

[OhioChick]

25. Hell no is right.

What a bunch of bullshit.

[dreamnightwind]

24. GM to invest 1 bln dollars in Brazil

What do people think of this? Looks like they're taking $1 billion from us, and spending it on plants in Brazil. I don't know if this is the same source, but I originally heard of this from some other thread here on DU.

As far as I can tell, the cars are for that region, not for US consumers. So, who does that help? It's obvious that what's good for GM is not necessarily good for the United States.

So the OP is really on point here. I favor an auto bailout, but we need to put the screws to the companies we bailout. That money comes from the US Treasury and should support the interests of US workers and consumers.

<http://news.xinhuanet.com/english/2008-11/19/content_10381498.htm>

BRAZILIA, Nov. 18 (Xinhua) -- The General Motors Corporation (GM) has decided to invest 1 billion U.S. dollars in Brazil to expand business there, local media reported Tuesday.

The investment was part of a U.S. bailout package and would be used to upgrade car production lines before 2012, said Djame Adila, a GM's official in charge of the markets in Brazil and other member-countries of the South American Common Market which also groups Argentina, Paraguay, Uruguay and Venezuela.

Although the company has laid off employees in some other countries in face of the current U.S. financial crisis, it still needs time to valuate the Brazilian market before making any decision, said Adila, adding that a recent announcement of a 3.5-billion-dollar loan plan to automakers by the Brazilian government should boost the car sales in the Brazilian market.

more at link

[ChromeFoundry]

26. This is not a great idea

It's freakin' COMMON SENSE!