IBM to outsource 10,000 more jobs before 2009 (stock, country, people, finance)

[sls76]

Originally Posted by Mach50

vs Republicans deregulate, "Free enterprise", and maximize Wall Street Wealth at the cost of the middle class.

Neither model is great at retaining jobs.

But when it comes to creating jobs...this chart explains it all:

Clever chart, but a little too simple. We all know that the President is only part of the equation. Obama will have a very liberal Senate and House. Clinton's job growth was due in large part to the conservative congress ushered in in 1994. Socialist President + Liberal House + Liberal Senate = Very High Unemployment. Increasing taxes on corporations and small businesses and encouraging unionization even in small businesses will drive jobs overseas and encourage employers to hire contractors that cannot unionize. Change is coming, and it will not be pretty.

[roncorey1]

Originally Posted by MomOfToo

Yeap-it is in the works....10,000 finance jobs going to India before the new year.....this has to stop...guess they want to do it before Obama is in office. I am so angry-when is this all going to stop? What can we do as a country to make this stop?? Help me out here people-this affects me personally so that is why I am so mad right now! No one is loyal to Americans anymore! This is a disgrace since American workers is what helped make IBM the giant it is today. I hope their stocks fall when this comes out, maybe then they will get it. While the execs make millions in bonuses, everyone else gets the boot.

I remember about four or five years ago watching C-SPAN and seeing a senior Senator (maybe Fritz Hollings or Robert Byrd) lamenting about all the jobs lost through outsourcing. One of the last things he said was that our economy would die if all we did was "sell hamburgers to each other".

[davidt1]

Originally Posted by MomOfToo

Yeap-it is in the works....10,000 finance jobs going to India before the new year.....this has to stop...guess they want to do it before Obama is in office......

That's right. I almost forgot. The new President won't take over until next year. Thank you for indirectly pointing that out. But according to the bias, fear mongering, sore losers, he is already responsible all the problems in the world.

Originally Posted by roncorey1

I remember about four or five years ago watching C-SPAN and seeing a senior Senator (maybe Fritz Hollings or Robert Byrd) lamenting about all the jobs lost through outsourcing. One of the last things he said was that our economy would die if all we did was "sell hamburgers to each other".

We might not even have hamburger jobs for long if the corps can figure out a way to have it made overseas, frozen and shipped back to the US for less than making it fresh here.

[MomOfToo]

Originally Posted by davidt1

That's right. I almost forgot. The new President won't take over until next year. Thank you for indirectly pointing that out. But according to the bias, fear mongering, sore losers, he is already responsible all the problems in the world.




We might not even have hamburger jobs for long if the corps can figure out a way to have it made overseas, frozen and shipped back to the US for less than making it fresh here.

Yeah but then we run the risk of "mad cow hamburgers" I'd never eat one ever again!

[azoria]

The US government outsources the manufacture of American passports overseas.

Washington Times - Outsourced passports netting govt. profits, risking national security

Maybe if we all moved overseas we could get our jobs back?

[texdav]

In the end alot of the tech growth in recent years has been in foreign markets, Look at GM announcing that they are opening a plant in Russia ;whch again has been their best market;europe.We may actually see many corporation move there headquarters overseas and not list on the NYSE.

[roncorey1]

Originally Posted by texdav

In the end alot of the tech growth in recent years has been in foreign markets, Look at GM announcing that they are opening a plant in Russia ;whch again has been their best market;europe.We may actually see many corporation move there headquarters overseas and not list on the NYSE.

You're right. And you can bet that as soon as the 'Big Three" get some of that bailout money that they will invest a hefty portion of it in foreign manufacturing plants!

[Topaz]

That's too bad. IBM was a class act when I worked there but that was a long time ago. When they were successful and offered lifetime employment and were all about quality, there was no better company.

[Stac2007]

Originally Posted by Topaz

That's too bad. IBM was a class act when I worked there but that was a long time ago. When they were successful and offered lifetime employment and were all about quality, there was no better company.

The company went down because baby boomer capitalist (former hippies) began to rebuild the company into an "only for profit, the hell with the employees" type of corporation. Peace and love to you to boomers!

[floridasandy]

Originally Posted by Mach50

vs Republicans deregulate, "Free enterprise", and maximize Wall Street Wealth at the cost of the middle class.

Neither model is great at retaining jobs.

But when it comes to creating jobs...this chart explains it all:

that chart really is not helpful unless it indicates whether the congresses of those periods were democratic or republican controlled. congress writes the laws and determines the policy more than the president.
for years governments have been promising more than they can deliver, and delivering more than they can afford.