Many U.S. companies are hiring ... overseas

[CountryBoy]

The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute's senior international economist.

"Companies will go where there are fast-growing markets and big profits," says Jeffrey Sachs, globalization expert and economist at Columbia University. "What's changed is that companies today are getting top talent in emerging economies, and the U.S. has to really watch out."

"We are not fulfilling the educational needs of our young people," says Sachs. "In a globalized world, there are serious consequences to that."

http://www.msnbc.msn.com/id/40827123/ns/business-us_business/

 

[Birchtree]

Well as long as we continue to be politically correct and promote self-esteem building over learning potential and hard work studying - we will lose out. But we sure can produce those little illegitimates to the minority at risk folks and pay out those welfare checks. The bottom line is we are all waiting for superman - and Democrats will continue to ruin our educational opportunity.

 

[nnuut]

Our corporate tax rate is now the highest in the world sense Japan lowered theirs this month. If our leader doesn't understand how that is encouraging companies to send the jobs overseas he is an idiot, he knows and won't do a damn thing about it. Lowering it to 25% would be what I call a stimulus not handing out money to every Tom, Dick and Harry that may vote for you in the next election. :nuts:

 

[WorkFE]

Lowering it to 25% would be what I call a stimulus not handing out money to every Tom, Dick and Harry that may vote for you in the next election. :nuts:

Reelection is now the name of the game, everything else are backseat issues.

 

[FAB1]

GO West Young Man...Waaaaaaaaaaaaaaaaaaaay way West. (china, india??)

 

[KevinD]

Well as long as we continue to be politically correct and promote self-esteem building over learning potential and hard work studying - we will lose out.

In many cases that same self esteem building has turned into total self centeredness. IMO - Entitlements will be the end of the republic.

Sorry for the thread jack...

 

[Silverbird]

This has been going on for quite a long time, at least since the 90's. So why is this a surprise now?

 

[Birchtree]

Companies are having a hard time finding hard science graduates. And when you deal with affirmative action it's almost impossible to find a qualified candidate. I know that doesn't sound good but it's true. Most blacks drop out of any hard science when they flounder with Algebra I.

 

[nnuut]

This has been going on for quite a long time, at least since the 90's. So why is this a surprise now?

Yes it isn't a surprise, but the Government's inability to really cut spending and support business is what is intolerable and no surprise considering who is in the White House. By this time you should understand how I feel about this and blaming it on previous administrations is no justification for inaction NOW!

 

[Silverbird]

I think those spending cuts are coming next year. Do not be surprised if we really do go back to 2008 discretionary spending. Though at that time the wars were off-budget and doing that again is going to be another bad precident - but probably necessary unless we pull out. Discretionary spending cuts aren't going to be enough, however. What will be interesting to see is what happens two years from now with the tax cut extentions, are we serious in our assertion that this is temporary, are we going to make them permanent and show the real numbers, or are is there going to be another weasel extention with future budgets assuiming that they are going away?

Are we really going to look at our current lifespans vs what we thought of as a 5-10 year retirement supplement which is now extenting to much longer timeframes? Are we going to stop adding programs to a retirement medical insurance program when we aren't paying enough right now to providers to sustain it?

I wish the tax cuts we just passed were for businesses and not for individuals - or at least replace the tax cuts for the rich with a business tax cut. If the problem is the rich don't hire if they don't get a tax cut, give them a business tax cut (personally I don't think that hiring and individual tax cuts go together). If it is true that the Japanese have cut their business taxes, we are pretty much the top business taxers in the OECD (developed countries). But good luck trying to sell that one here, businesses are rich and should be taxed, right?:suspicious: And trying to tax U.S. companies' overseas profits will just create more businesses in the Cayman Islands for the same reason we can't tax Toyota or Honda for their profits in Japan - we can only do that with U.S. companies and give them another business disadvantage.

 

[nnuut]

Japan cuts corporate tax by 5%


http://www.bbc.co.uk/news/business-11993155

 

[nnuut]

Japan Cuts Its Corporate Tax Leaving US with the World’s Top Rate

Martin A. Sullivan | Dec. 27, 2010 10:23 AM EST


On December 24 the Japanese cabinet headed by Prime Minister Naoto Kan agreed to a budget including a cut in the corporate tax rate, effective April 1, 2011, from 39.5 percent to 35 percent. Barring unforeseen circumstances the Japanese parliament will approve this plan early in 2011. After this change the United States--with a combined federal-state rate of 39.2 percent—will have the highest corporate tax rate in the world.
http://www.tax.com/taxcom/taxblog.nsf/Permalink/MSUN-8CJKYE?OpenDocument

 

[CountryBoy]

This has been going on for quite a long time, at least since the 90's. So why is this a surprise now?

No suprise at all, but we need to keep reminding people that we can't continue to tax our Corporations outta the country or do we just continue, since it isn't a suprise?

I've heard the same thing about the budget cuts and also hearing reductions in the Fed Workforce in 2012, thru various mechanisms.

I wished we'd let the tax cut expire and take the pain now. In 2012, we're just going to be in the same boat, just sitting lower in the water.:suspicious:

 

[Nate]

Our corporate tax rate is now the highest in the world . If our leader doesn't understand how that is encouraging companies to send the jobs overseas he is an idiot

WWRD
(what would regan do)
After he left office, what happened to his "buy American" slogan?

 

[Silverbird]

I'm with you, Coolhand. Unfortunately most people equate business with weasel finance management (Enron) skating by on safety (BP), and offshoring (Apple). Therefore cutting business taxes is legislative suicide.

Having joined during the Reagan Administration (no I'm not a Reaganite, I voted for Anderson), I can tell you that during that time, the slogan was "Free and Fair Trade" not Buy American. I do miss the "Fair Trade" part.