From: Spudboy100@aol.com
Date: Fri Aug 08 2003 - 20:55:08 MDT
Ron h.
<<For so many of the highly intelligent to be put out of work and sent
to pump gas or flip burgers in my opinion will either kick off a heck of a
civil explosion or possibly those guys on their own will power another spurt
of
industrial growth in this country -- maybe.>>
I see the actions of the boards of directors of these fortune 500
companies(since small companies are less financially able to off-shore) as being
sufficiently removed from reality. The Russian Czars or Marie Antionette were realists
in comparison.
<< I don't think the guys moving industry overseas realize that when the
jobs go overseas the market will eventually have to go with the jobs. The
economic signs I see seem to indicate that the American consumer has done
exactly that -- consumed their assets. To use a farmer's expression, I don't
know
how much seed money the consumer has left.>>
A kind of protectionism, that would make Smoot-Hartley blush is on its way.
But this will be a limit on off-shoring of jobs, not manufactured goods. On the
other hand, getting these members of the board and stockholders to live where
the jobs are, might be salutory. Getting rid of the greediest and
short-sidedist would benefit the US.
Have you ever noticed that those who "run" corporations have never developed
a business from scratch? They supposedly "growned" already established
enterprises; or maybe all they are good at is graduating from the right schools,
memberships in the right fraternities, and making speeches which would make any
soviet apparatchik green with envy? Almost none have ever been real business
people, just "managers" and marketing schmucks.
W will follow his daddy out the door (Gambling that the dems will suicide and
turn-off the majority of the electorate). Keep your eye on the unemployment
rate Ron, because that will be the bell weather issue. All the "sunshine talk"
spouted by politicians, business journalists, and economists, will only work
when unemployment rate drops and stays down past the election.
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