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Jobs and Elections (Score:2)
The reason why there is high unemployment is because of the business cycle. Whoever is in office can do very little to change that, and close to nothing during four years in office.
The bad economy in 1992 was the result of plans and policies from the late 1980s. The seeds of change that Clinton put into place didn't really take effect until his second term. The long term economic instability that W had
Re:Jobs and Elections (Score:1)
You are the recipient of my monthly plug for The Clock of the Long Now!
Thank you for the nod, Zig.
Normally, I'd agree with you. Bush seems to be more culpable than other presidents for the regression in jobs, particularly in the tech market.
Re:Jobs and Elections (Score:2)
This is false. Those tax credits do exist, but they existed before Bush took office. Also, offshoring is a very small problem, accounting for 2.5% of major layoffs in 1Q 2004.
And what would Kerry's plan do? It would tax foreign income right away, instead of allowing it to be deferred. Kerry would also LOWER the corporate tax rate, by 1.75 percent, and they would keep the tax credit that you're bemoaning, that Bush had nothing to do with. And there is no evidence to suggest that this would decrease offshoring at all, although -- because they could not indefinitely defer paying taxes on the income -- it would probably increase revenues in some cases.
His Commerce Secretary Don Evans suggested that those who have lost jobs to offshoring "stop whining"
That's irrespective of policy, though I admit it was an assholian thing to say.
The U.S. Chamber of Commerce gives advice to companies on the many benefits of offshoring
So? You assume offshoring is a bad thing. If it is so bad, why did Kerry vote for both NAFTA and GATT, which have done more to contribute to offshoring than anything Bush has ever done? Most economists agree that offshoring in the medium term will benefit us, and that it is necessary for us to continue to succeed in the global economy.
What irritates me is President Bush's eager participation in the deportation of jobs and his studied refusal to encourage their domestic replacement.
What irritates me is that this isn't actually the case (at least, no moreso than it is with Kerry).
I suggest also that Bush's anemic prosecution of corporate malfeasance
Huh? How do you figure that? Who hasn't been prosecuted that you'd like to see prosecuted? Yes, in the last year or so indictments have decreased, but this is most likely primarily because of the new regulations and increased enforcement resulting from Enron, Tyco, Adelphia, and the rest.
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