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• Jobs and Elections (Score:2)

  by ziggy (25)

  Congratulations, JJohn. You are the recipient of my monthly plug for The Clock of the Long Now [amazon.com]!

  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)

    by jjohn (22) on 2004.08.09 8:04 (#33228) Homepage Journal

    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.

    • Rather than discourage or stay neutral, Bush has given tax credits for companies offshoring jobs
    • His Commerce Secretary Don Evans suggested that those who have lost jobs to offshoring "stop whining"
    • The U.S. Chamber of Commerce gives advice to companies on the many benefits of offshoring

    Whether the offshoring of tech jobs is part of a larger trend is, to me, irrelvant. What irritates me is President Bush's eager participation in the deportation of jobs and his studied refusal to encourage their domestic replacement. I suggest also that Bush's anemic prosecution of corporate malfeasance (despite NY all-out effort to bag Martha Stewart [which wasn't a federal case at all]) has greatly cooled the development of new companies by showing investors that the government thinks steal their money is OK.

    So, as James Hetfield might say, "Bush...BAD!"

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    • Re:Jobs and Elections (Score:2)

      by ziggy (25)

      I respect your position, but I'm not going to get involved in the offshoring debate (again). It's an easy issue to take a shallow sound-bite of a position that is easy to express and fundementally wrong. I am not accusing you of being simple-minded here, but I've heard a lot of people equate no jobs at home == jobs going to India == very bad policy. And that bothers me.

      But offshoring is also about sending jobs to Ireland, Canada, Australia and elsewhere. Most detractors conveniently forget this part
    • Re:Jobs and Elections (Score:2)

      by pudge (1)

      Rather than discourage or stay neutral, Bush has given tax credits for companies offshoring jobs
      
      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, t