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HUFFPOST SUPER USER
James Shanks
01:02 PM on 12/29/2010
I hate to play devil's advocate, but I just have to ask: Is it really fair to compare our consumption/employment rates to that of an emerging economy, with a population that is nearly quadruple the size of United States?
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demilieu
Texas liberal...with reservations
04:58 PM on 12/30/2010
That's the entire point-it's not fair at all.
12:58 PM on 12/29/2010
I think the definition "many American companies are.. ...hiring overseas" is fabricating a gloom and doom scenario don't you?

What is hindering American Companies from doing business in America and what is driving them overseas is the issue.
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silverstreet
All you need is love
01:02 PM on 12/29/2010
Profit. American companies are posting the biggest profits in history.
01:11 PM on 12/29/2010
and that's wrong?
01:17 PM on 12/29/2010
We all know what drives American corporations overseas. Cheap labor without employee benefits, minimal labor laws, access to child labor, non-existent environmental standards, limited financial regulations, etc. -- all which translate to obscene corporate profits.
Don't blame American workers for not wanting to accept the same working conditions as one would find in rural China.
01:22 PM on 12/29/2010
if we can't compete, what then?
KarasudaJay
My micro-bio is empty.
11:37 AM on 12/30/2010
Everything you listed leads to cheaper prices which many consumers just love, to leave consumer demand out of this is dishonest.
12:55 PM on 12/29/2010
I wonder if you'll consider the following before wondering why corporations flee the USA;

1) We have the highest corporate tax structure in the entire world and constanly threaten to raise it further.
2) Our manufacturing, and now or service industries, are crippled by corrupt unions compelling ridicuously non-competitive pay and benefits.
3) We shackle any production with reams of basically pointless and unnecessary environmental laws pushed on us by enviornmental extremists.
4) We represent a constant unknown in terms of what we'll force on industry next year or the year after in terms of additional taxation, regulation, or hideously expensive law such as Obamacare.

In short, all major reasons for corporations to relocate are directly related to short sighted Dem policies over the last several decades. Yell all you want, but it's the truth and is quite plain to see. Corporations owe, by law, their allegiance to their shareholders and are simply jumping off the American bridge as we ourselves burn it down.
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silverstreet
All you need is love
01:12 PM on 12/29/2010
Only 7% of the private sector US workforce is unionized.
Germany has the largest unionized workforce in the world (and the highest paid workforce) - - and is the second largest exporting nation in the world, second only to China.

Compared to other nations (you are forgetting VAT tax), and thanks to loopholes, US corporations pay little tax -- and some pay no tax at all.

US Corporations are posting historically high profits for 2010.

Meanwhile, wages in the USA continue to decline, the American standard of living continues to decline, poverty continues to expand. While US corporations continue to garner tax breaks -- for sending jobs overseas

Oh, health care. No other nation on earth requires employers to pay for health insurance for their employees. Every other industrialized nation on earth has nationalized, single-payer health care -- which of course makes these companies more competitive.
01:19 PM on 12/29/2010
agree healthcare by employers is no longer a good idea, was orginally a perk just for exec's so they would come to work. As were 401k's.

How do you figure wages in US are declining? Or our std of living?

And in the end corporations pay no taxes because it's simply an opertaing expense which gets rolled into the cost of their product. No joy to the public in taxing them.

Yes, please let's forget the VAT tax.

What percentage of the US auto industry is/was unionized? Nearly all and that has a large bearing on their inability to compete.
01:23 PM on 12/29/2010
Now please tell us why the German economy is thriving when their environmental standards are more stringent, their corporate taxes are higher and their labor laws and employee benefits are remarkably more generous than ours.
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MiddleForkedRoad
Learning to hate politics one post at a time
03:54 PM on 12/29/2010
Germany's corporate tax rate is 10% lower than the US.
Japan is the only country with higher corporate taxes.
KarasudaJay
My micro-bio is empty.
11:39 AM on 12/30/2010
Consistent regulation helps.
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12:54 PM on 12/29/2010
"There's a huge difference between what is good for American companies versus what is good for the American economy," says Scott.

Patriotism does not look good on the bottom line.
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04:22 PM on 12/29/2010
"Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains." -- Thomas Jefferson
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gwhitejr
06:16 PM on 12/29/2010
That says it all!
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12:50 PM on 12/29/2010
Republicans are American traders. They have turned there back on all of us and have taken up the mighty dollar as there goal. No respect for the U.S citizens. They have to be removed each and everyone. Our forefathers would not stand for this. They are going to ruin all of us and including themselves.
01:24 PM on 12/29/2010
our forefathers certainly were capitalists, not whiny crybabys. It's not the Rep's who are "traders".
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silverstreet
All you need is love
01:27 PM on 12/29/2010
Are you for the American people -- or against the American people? We are all in this together -- the only people not affected are the top 2% -- and you are not in that class. Wise up, buddy
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demilieu
Texas liberal...with reservations
04:17 PM on 12/30/2010
In fact, many of them were getting away from Europe to escape debtors prisons. among the first acts of legislation in the New World was to liberalize bankruptcy.
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rebelriser
artist, published author, activist
12:50 PM on 12/29/2010
It does not surprise me that American companies are hiring more overseas, and they did not deserve tax cuts to continue hiring overseas. I'm wondering how many of you are as disgusted as I am at the ignorant FOX & Limbaugh listeners who are the people who voted Republicans & TeaBaggers in this Fall. If they weren't so block headed stupid, they would pay attention to REAL news sources and know they're being fed a bunch of lies by people who do it on purpose knowing their followers believe their lies. I'm also wondering why they don't pick up on the informatioin that the bosses on FOX order their people to tell lies. Don't you wish these uninformed people could be traced and run out of America?
01:26 PM on 12/29/2010
well, we hate it for you. But the fact is that, by far, most Americans agree more with conservatives than with liberals and they identify themselves as such. It's you who are the minority here, a very loud minority to be sure, but a minority just the same. But of course, you don't care about that. All I can say is consider Nov 2010 and prepare for more of the same in 2012.
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silverstreet
All you need is love
01:30 PM on 12/29/2010
But what are you agreeing with? That wages should continue to decline? That benefits should be slashed? That Social Security should be eliminated? That health care should be reserved for the rich? What is it about conservatives that you are so enamored with? (I don't like either Democrats or Republicans- - they both serve the interests of the ruling 2%.)
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NJProgressiveIndie
Never Surrender...
12:42 PM on 12/29/2010
FredKnowsBest 11:41 AM on 12/28/2010
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Maybe you can put forth some effort and start a company. Show everyone how it's done.
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I would have suggested you put forth some effort and actually do something besides make excuses for the people running the country into the ground and destroying the middle-class--but I just remembered--you people in Tea Bag Nation have no real solutions that would work in a modern, civilized society...
12:57 PM on 12/29/2010
modern, civilized society? you mean like the failed and bankrupt socialist states of europe?
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silverstreet
All you need is love
01:17 PM on 12/29/2010
You should travel out of the country more often.
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demilieu
Texas liberal...with reservations
05:05 PM on 12/30/2010
They have higher standards of living than we do. They also live longer and have access to good health care. 25% of the population isn't at the poverty line. 1 in 6 kids aren't on food stamps. Huh.
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12:08 PM on 12/29/2010
An interesting story appeared in The Economist, a British pro-business magazine in which they wrote that General Motors sells more vehicles in China than they do in all North America.

Job hiring and products are being sold at record numbers in emerging countries like Brazil, China and India whose economies are surging. According to an AP story, "All but 4% of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown."

Republicans continue to bow down at the altar of the rapacious free market which respects no borders or flag. Predatory Republicans continue to genuflect before that altar and it is they who stand to gain the most from the record election campaign spending of which they were the chief beneficiaries.

No wonder Republicans just love the Citizens United v. FEC ruling by the phalanx of 5 partisan, activist right-wing ideologues on the Supreme Court, Roberts, Alito, Thomas, Scalia (RATS) + one inaptly named swing vote, Anthony Kennedy, whose decree allows billionaires like the Koch brothers and multinational corporations who can buy any politician they desire with no accountability or disclosure.

Fat Cat Republicans don't have much left of the American workers' carcass to pick over any more. But, you gotta hand credit to their slick political coup when they established the Tea Party who masquerade as a groundswell movement. In truth, however, they are the water carriers for the corporate oligarchs.
12:45 PM on 12/29/2010
wow, such a big bag of BS.
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silverstreet
All you need is love
01:19 PM on 12/29/2010
It's them against us. Wise up. You are not a billionaire.
KarasudaJay
My micro-bio is empty.
11:41 AM on 12/30/2010
If GM is selling more cars in China, it makes sense to manufacture those cars in China. It's the same basic reason for Toyota, Hyundai, BMW, et al having built factories in the US.
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demilieu
Texas liberal...with reservations
04:44 PM on 12/30/2010
So we must find ways to increase our domestic demand. For example, if we agreed to rebuild our transportation infrastructure to the highest caliber in the world, Cat would have more demand than they could fill right here.
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demilieu
Texas liberal...with reservations
04:45 PM on 12/30/2010
On the other side of it, once people here are too poor to buy our own products, GM won't be seeing much in increasing domestic demand.
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dtmfman
2 most common elements...Hydrogen and Stupidity
10:49 AM on 12/29/2010
Tax them/import fee them OUT OF BUSINESS!
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democrats for life
republicans need not apply
11:49 AM on 12/29/2010
that won't happen until there are no republicans left in office, in other words, never
12:54 PM on 12/29/2010
democrats
 
that won't happen as long as both DEMS and GOP seek bribes/campaign contributions from all the multinational coroprations who have gutted america -
 
DEMS/GOP two sides of the same corporate coin...
 
the whole govt system has failed us - sold us out...
01:38 PM on 12/29/2010
that makes alot of sense...no businesses at all. Let's all farm.
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silverstreet
All you need is love
01:54 PM on 12/29/2010
How about making a small effort to understand the issue
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dtmfman
2 most common elements...Hydrogen and Stupidity
05:35 PM on 12/29/2010
actually...it makes a lot of sense...you burn your hand when you touch a hot stove....how many times do you have to touch a hot stove to KNOW it will burn your hand?...Lessons learned the hard way....These so called American companies need to learn some hard lessons about the people that made them....The American People...

Hard Lesson #1
Stop sending jobs overseas and start hiring Americans here in America...or perish!
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10:21 AM on 12/29/2010
Perhaps next ballot should have option to hire Congress and all elected from offshore? Cal it the "Fair Corruption Fix Act" to improve USA
09:34 AM on 12/29/2010
It's easier to do business abroad. It sucks, but it's easier. They roll out the welcoming mats for our companies to expand. Our government gives them a list of demands.
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10:23 AM on 12/29/2010
Not quite right, our government goes into unfair trade, tax breaks to move offshore and want a "Government Demand" CHINA REQUIRES that 50% plus, of any firm moving to Chine be OWNED by CHINA. And Wal Mart is Union in China, as is auto. Suggest you look up facts a bit before you go neo.
11:10 AM on 12/29/2010
So it isn't easier to business abroad? Suggest you try to find some common sense. They don't move overseas because it makes business more difficult.
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silverstreet
All you need is love
01:33 PM on 12/29/2010
Well, WallMart execs went with Obama to India -- to try to persuade the Indian government to allow WallMart to open up more megastores. India(and most European nations) has rules against too many Big Boxes (most other nations try to encourage small business, unlike the US).
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wardropper
Size of micro-bio classified
08:30 AM on 12/29/2010
"...if U.S. businesses keep prospering while Americans are struggling, business leaders will lose legitimacy in society..."

Typical modern commentator. That horse bolted thirty years ago, for Pete's sake!
Business leaders HAVE lost legitimacy in society, but they are the only ones who don't realize it, and if there are a few who do, they couldn't care less.

"Short-term fantastic profits" is the name of the game.
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10:29 AM on 12/29/2010
Agree but move it back 40 years or so when Regan busted unions, Wall St/Banks saw profits from new trade laws if they could get USA Mfg moved offshore. So spiin went "We will all get Home PC, work from home in service jobs and keep the nasty ole mfg jobs offshore as no longer needed here. USA will be land of hi tech, service the world and all will live happily ever after. Unfortunatly most got so dumbed down they beleived that if we made nothing here, imported it all, someone jobs and money would magically appear to buy and support the economy,
That was called "golden years of little plastic cards" and now we are, and future generations will pay for going to a society where nothing is build here, no spare parts built here, no repairs done here, no used what ever sold here and we are all happy little souls watching the big screen and worshiping over paid gladiators at our updated Roman arena games, like Rome we now have barbarians, (economic) at the gates, but to busy at games to bother and our government has ceased to know the commoners exist other then as consumers and targets of "legal" scams. Yep they soon will be "over the walls" and then?
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wardropper
Size of micro-bio classified
10:28 PM on 12/29/2010
A very good assessment - unfortunately.
Fanned for saying it like it is.
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Neets101
All hits, all the time!
07:47 AM on 12/29/2010
I hate to say this because I wouldn't wish this scenario on anyone, but I doubt I will be surprised when the emerging middle class societies in these countries will be encouraged to go into debt, will see their health care system transformed into a privatized profit machine, see their agriculture and food production defined by a corporation that can control the farmer and food prices, also not surprising will be the deregulation on restrictions that prevent fraudulent financial abuses and manipulation of any restrictions on their banks that serve as safeguards for these new investors, not to mention the encouragement of speculative investing in energy, which will produce great wealth for a very few.

I mean it worked so well in Europe and the U.S., I think the borg is ready to take their show on the road....
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10:32 AM on 12/29/2010
EU is fighting back a lot more then USA, but EU commoners are better educated and much more aware of world then 90% of USA. Least we forget and doubt EU has, the financial mess had roots in USA. China/Asia learn from others mistake, more so those in dumbed down USA as we repeat them so often, lots to review
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Neets101
All hits, all the time!
12:34 PM on 12/29/2010
I agree.
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rebelriser
artist, published author, activist
01:03 PM on 12/29/2010
The grand prize will go to the individuals who figure out how to convince the uninformed block heads that they're preferring lies to real facts. Maybe they think lies are easier on their ears now, but when reality hits, they'll be blown out of their shoes if they have any shoes left on their feet. By then, Limbaugh and FOX(probably already does) will own part of the corporates and be untouchable. Their listeners haven't figured it out yet, but they're ONLY STEPPING STONES for the liars at whose feet they worship.
01:46 PM on 12/29/2010
I'd also object regarding the assumption that the situation in Europe is the same as in the US. Starting with the most obvious point of this year: In Europe we have universal healthcare and the larger part of it is nationalized. *chuckles* Interestingly enough, "big government" in NHS is so inefficient that per capita we spent less then half (with lot of room to improve, for sure) of what is spent in the US. Just a month ago, the EU court ruled (reg. Monsanto et.a.) that one cannot claim a patent on naturally existing genes. And there is in general - starting from suspicions about GM crops - a negative stance againsts companies like that; and the farmers have a huge lobby/ are a huge issue in the EU. Also, ppl are sceptical about privatization which led to a reverse: More and more energy suppliers are b(r)ought back into community ownership, in Germany we stopped the privatization of the railroad.
So, yes, some of the problems/ tendencies may be the same, also the income gap problems etc. but I have the feeling that voters' and unions' pressure has grown strong enough that even the most market liberals try to reign corporations and big banks in.
I don't think though that this is a way for the US, because you emphasize the personal liberty/ freedom of choice much more than the kind of social cohesion which more emphasized here. (Not being meant as mutual exclusive; just where the scales tip towards).
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silverstreet
All you need is love
01:57 PM on 12/29/2010
Yes, the word "community" has a negative connotation here in the US.
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DARRELL LANIER
Reality is truth.
07:43 AM on 12/29/2010
We will all continue to see our wages decline in equivalence to those in Asia; thanks to both political parties, who work for the international oligarch (super-elite). http://www.youtube.com/watch?v=XvZMjLX-GvM
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10:34 AM on 12/29/2010
Could we please stop referring to them as "two political parties" as truth and stuff demand the be called the $$$ Party with two operating divisions since both funded by same money sources/resources.
12:57 PM on 12/29/2010
disgust
 
F  &  F
 
thank you. there is only one party now - and they operate 100% on bribes...it's clearly a govt for the corporations and by the corporations - even the SC is corrupted.
 
A biaprtisan cesspool of corruption.
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01:24 PM on 12/29/2010
Democrats AND Republicans are just two wings of what Thomas Ferguson calls the Property Party in his "Golden Rule:..." book, first published in 1995:

http://www.amazon.com/Golden-Rule-Investment-Competition-Money-Driven/dp/0226243176
Golden Rule: The Investment Theory of Party Competition and the
Logic of Money-Driven Political Systems (American Politics and Political Economy Series

"To discover who rules, follow the gold." This is the argument of Golden Rule, a provocative, pungent history of modern American politics. Although the role big money plays in defining political outcomes has long been obvious to ordinary Americans, most pundits and scholars have virtually dismissed this assumption. Even in light of skyrocketing campaign costs, the belief that major financial interests primarily determine who parties nominate and where they stand on the issues—that, in effect, Democrats and Republicans are merely the left and right wings of the "Property Party"—has been ignored by most political scientists. Offering evidence ranging from the nineteenth century to the 1994 mid-term elections, Golden Rule shows that voters are "right on the money."

The BIG Money Party is probably more descriptive.

Like China, the U.S. has become a one-party country.
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muck-raker
give me liberty or give me death
07:17 AM on 12/29/2010
Dupont tells us where the JOBS NOW are, excerpt: Take example of DuPont, which wowed the world in 1938 with nylon stockings. Known as one of most innovative American companies of the 20th century, DuPont now sells less than a third of its products in the U.S. In first nine months of this year, sales to the Asia-Pacific region grew 50 percent, triple the U.S. rate. Its stock is up 47 percent this year.

DuPont's work force reflects shift in its growth: In presentation on emerging markets, the company said its number of employees in the U.S. shrank by 9 percent between January 2005 and October 2009. In same period, its work force grew 54 percent in Asia-Pacific countries.

"We are global player out to succeed in any geography where we participate in," says Thomas M. Connelly, chief innovation officer at DuPont. "We want our resources close to where our customers are, to tailor products to their needs."

While most of DuPont's research labs are still stateside, Connelly says he's impressed with the company's overseas talent. The company opened a large research facility in Hyderabad, India, in 2008.

A key factor behind this runaway international growth is the rise of the middle class in these emerging countries. By 2015, for the first time, the number of consumers in Asia's middle class will equal those in Europe and North America combined.

http://www.salon.com/news/feature/2010/12/28/us_overseas_hiring/index.html