Outsourcing: had enough yet?

[IDemo]

The floodgates have been opened on 'outsourcing' American jobs. Ex HP CEO Carli Fiorina stated that "outsourcing is good for America", and was quoted by our feckless leader, Shrub. Her replacement, Mark Hurd, has announced that HP jobs will continue to move overseas. Here is today's math quiz for DU'ers: At what point do the stock up-ticks created by 'off-shoring/out-sourcing' by a corporation balance out the bleeding of it's workers, community members, and citizens? Apparently not any time soon....

http://news.com.com/Analysts+expect+massive+HP+layoffs/2100-7341_3-5715548.html?part=rss&tag=5715548&subj=news
Analysts expect massive HP layoffs

http://www.indystar.com/apps/pbcs.dll/article?AID=/20050608/BUSINESS/506080483/1003
GM to slash 25,000 jobs across U.S.

http://www.indianexpress.com/full_story.php?content_id=72099
India’s millionaire count surges to 69,800

http://www.bloomberg.com/apps/news?pid=10000080&sid=aAyXEXQ8IaDo&refer=asia
Singapore's Millionaires Increase at Fastest Pace in World

[Nikki Stone 1]

1. Outsourcing is good for global corporations

and rotten for the rest of us

[undeterred]

2. 20 months of unemployment and lost wages during the Bush admin

for me. Salary loss of 20% when I was working. Good times.

[Nikki Stone 1]

7. But no one is keeping proper statistics anymore thanks to this

administration. It's hard to keep any kind of track of all this.

[leftofthedial]

12. about the same time unemployed here

but 50% wage cut when working, which I'm currently not

[The Traveler]

3. At this point

I am tempted to say outsourcing = treason

Harsh? Perhaps. Unfair? I don't think so. Given the scale at which this is happening, American business seems intent on selling out the country.

[knowbody0]

4. and the CEO's get big fat bonuses

this is capitalism at its worst.

[The Traveler]

10. You ain't ever lyin' (n/t)

[getmeouttahere]

6. The only power we have left is boycotts/buycotts....

don't buy their lousy products, buy blue or from companies or countries that actually pay their employees living wages

We can make the sacrifices now, when we still have something left, or we can make them later, when we're in a depression and have nothing left

[The Traveler]

8. Balance of power

Success depends upon achieving a correct balance between contending forces. As the Buddha observed, if an instrument's string is too loose, it will not play. If it is too tight, it will break.

Perhaps labor achieved too much power and abused it back in the 60s. Or perhaps it did not use its power wisely. (Particularly in the automotive industry.) However, the pendulum has clearly swung too far the other way. Corporate power has become excessive, abusive, rampant.

People gotta organize. Boycotts, sure. But also, the labor movement has to be revived. And this time, labor must work with management to keep companies from becoming complacent, stagnant, and overly devoted to short term gains achieved at the expense of the future health of the company, its workers, and the nation.

[area51]

11. Offshoring (aka outsourcing) DOES = Treason

It's anti-American, & can lead to the death of Americans when they can't find work. There are people on this webboard who've been unemployed for years under Bush's 2nd Great Depression.

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"Prosperity is just around the corner." — Herbert Hoover
"The economy has turned a corner." — GW Bush

Herbert Hoover = GW Bush

Neither man cared about the Depression their economic policies created.

[G2099]

5. The People Have the Power to Change Corporate State Charters

Workers must collectivize and change the States Charter of Corporations.

http://www.reclaimdemocracy.org/corporate_accountability/history_corporations_us.html

[The Traveler]

9. Very, very interesting

Thanks for posting that!