That big business create jobs, therefore if you give tax breaks to them they will create more jobs.

It sounds like to me like the crack addict who needs a fix…if you give him the fix then he will be drug free; put another way: we can cure drug addiction by giving drug addicts drugs.

For the longest time the Republican-Teahadists have been selling this concept; no, it isn’t new…it is the old, tired “TRICKLE DOWN ECONOMICS” that Reagan pushed. It was at the time criticized by Bush Senior and called “VODOO ECNOMICS”. We know it doesn’t work, it never has and never will but to hear these Republican-Teahadists it is the end-all panacea.

What is worse, the Republican-Teahadists are so invested in their quest to destroy our economy and decimate the middle class because they have this concept in their minds that pure capitalism should be devoid of government and furthermore, the working class should not have a say in the matter. That to me sounds like the elimination of democracy.

Or perhaps they insist that they are great fans of the Founding Fathers and consider themselves very patriotic…at least they claim that exclusivity; and yet, we all know that those patriots who founded our country were not just slave owners but the cream of the crop, the top of the food chain of that society of yesteryear. As a consequence, one of the concepts that came into effect after the birth of our nation was that of DEMOCRACY…but it wasn’t universal, it wasn’t inclusive…no sir, it was restricted and restricted to only those who were land owners.

I think that Republican-Teahadists should push that view…I mean, perhaps the only ones allowed to vote should be those who have a financial stake, those on top of the pecking order as the Founding Fathers intended.

But I still would be curious, if it was at all possible…to find out what they thought of corporations being deemed the same as human beings like Governor Perry recently claimed. If they were people, if they actually had a conscience and were able to think for themselves then corporations would not be doing the harm to our country they seem to be doing.

For one thing, they would be aware that getting cheap labor in order to maximize profits is not all there is to the game of FREE ENTERPRISE. If you destroy your consumer base, if you kill their ability to make a living then you have nobody to sell your products to, nobody to milk any of the money you paid them in wages to begin with. My suggestion is simply this: Be careful what you wish for because not only are corporations not human beings but they are not creating jobs here in America…they are creating them abroad.

So, let us not kid ourselves here, big business is in it to make a profit, not to benefit our country…ambition is acceptable but greed is immoral, obscene and unpatriotic.

Does your boss want to create jobs...overseas?

by Meteor Blades

At New Deal 2.0, Richard Kirsch writes, Is Your Boss Really in Business to Create Jobs?:

Spinmeisters for the U.S. Chamber of Commerce and Republican politicians like Speaker John Boehner like to call businesses “the job creators. ” But what every American knows, if he or she thinks about it, is that unless you work for a small business, your boss will only create a new job if there isn’t a cheaper option: force you to work longer hours, hire a temp, purchase new technology. Or if you work for a big company, get the work done overseas.

I was thinking about this after reading an article in The New York Times this past Sunday (”Companies Push for Tax Break on Foreign Cash“), which described how corporate America wants to be able to slash the taxes it pays on overseas profits that it returns to the United States from 35% to 5.25%. The corporations are selling this as job creation, saying that the billions of dollars they would bring back home will be invested in jobs. Who are they kidding? These are the same companies that are already sitting on nearly $2 trillion in cash, which they clearly are not investing in jobs in the United States. What will they do with the money if they get to bring it back on the cheap? Last time the corporations convinced (translation: “paid”) Congress to give them a repatriation holiday, 92% of the cash was rewarded to shareholders in the forms of dividends and stock buybacks.

How Many Jobs Have We Lost?

• More than 3 million manufacturing jobs have disappeared since 1998, and the Economic Policy Institute estimates 59 percent—or 1.78 million—of these jobs have been lost due to the explosion in the U.S. manufacturing trade deficit over the period.
• Goldman Sachs estimates 400,000–600,000 professional services and information sector jobs moved overseas in the past few years, accounting for about half of the total net job loss in the sector over the period. A Deloitte Research survey found one-third of all major financial institutions are already sending work offshore, with 75 percent reporting they would do so within the next 24 months. A U.C. Berkeley study found 25,000 to 30,000 new outsourcing-related jobs advertised in India by U.S. firms in just one month in 2003.
• One service sector hard hit by job losses is information technology, especially software. The pro-outsourcing consulting firm Global Insight estimates we lost 104,000 information technology jobs to offshore outsourcing between 2000 and 2003, more than a quarter of the 372,000 jobs lost in the sector overall during the period. The Economic Policy Institute found employment in U.S. software-producing industries fell by 128,000 jobs from 2000 to early 2004, while about 100,000 new jobs producing software for export to the U.S. were created in India over the same period of time.
• States are outsourcing public sector jobs as well, though most state governments do not know exactly how many. At least forty states contract out administration of electronic benefit cards for the food stamps program offshore. In one audit, the state of Washington found 36 out of 41 agencies were contracting out work overseas. A recent study by INPUT Research projects outsourcing of state and local government technology contracts will grow from $10 billion last year to $23 billion in 2008.
• From November 2002 to January 2004, the U.S. Department of Labor certified 246,398 workers who lost their jobs due to trade for Trade Adjustment Assistance (TAA). This is in addition to the estimated 1,112,775 workers who were certified for TAA between 1994 and the end of 2002. These figures are very under-inclusive: they only count workers who know about the TAA program, apply for it, and qualify under the program’s strict eligibility requirements. The numbers do not include most service sector workers or workers who have lost their jobs due to shifts in production to China—neither group is eligible for TAA. Nor do they include workers erroneously denied TAA certification by the Labor Department.
• The Economic Policy Institute estimates that between 1993 and 2000, our lopsided trade policies, reflected in the explosive increase in the U.S. trade deficit, cost Americans a net 3 million jobs and job opportunities. The growth in the NAFTA trade deficit alone is associated with nearly 900,000 lost jobs and job opportunities through 2002.

SOURCE: Open thread for night owls:

http://www.dailykos.com/

http://www.aflcio.org/issues/jobseconomy/exportingamerica/outsourcing_problems.cfm

Jobs lost and gained by U.S.-based multinational corporations

Even if they did need money to create jobs, there’s little chance corporate America would locate those jobs in the United States. Apple has $12 billion in profits waiting offshore to be repatriated, but it’s clear that bringing that cash home won’t mean more jobs for American workers. Apple’s entire U.S. workforce of 25,000 is dwarfed by the 250,000 workers who make Apple products for the Chinese company FoxConn. Apple is far from alone. From 2005 to 2009, IBM expanded its international workforce by 100,000 while cutting 29,000 U.S. Employees. All told, U.S. multinationals cut their U.S. workforces by 2.9 million during the 2000s while adding 2.4 million employees overseas. ...

With no “healthy increase in demand,” on the horizon and unemployment heading back up, the President has talked more about government-led solutions that would actually create jobs in America. Near the end of his address on Afghanistan, and in a full-throated pitch at a Democratic fundraiser in New York City the next evening, Obama called for investments in education, infrastructure, and clean energy at home.

Democratic leaders in Congress have also started to sharpen their focus on the failure of corporations to create jobs at home. Nancy Pelosi’s reaction to the Majority Leader Eric Cantor’s walking away from budget talks was, “Yes, we do want to remove tax subsidies for big oil, we want to remove tax breaks for corporations that send jobs overseas … ”