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View Diary: The myth of the job creator (114 comments)

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  •  They are the job destroyers (9+ / 0-)

    and have been for decades.

    If you are a multinational multibillion dollar conglomerate, hiring people for good paying positions is a losing proposition when you can eliminate that position or move it overseas for a fraction of the cost. It's the only rational thing to do. What makes this possible is the environment in which these corporations operate under--"free trade," the war on unions, deregulation, the wall street quarterly fetish, etc etc etc.

    You can only force them to be job creators instead of destroyers--and not through tax cuts that they will simply pocket.

    "People place their hand on the Bible and swear to uphold the Constitution. They don't put their hand on the Constitution and swear to uphold the Bible."

    by michael1104 on Sun Aug 07, 2011 at 11:22:33 AM PDT

    •  Which is why we need to concentrate (2+ / 0-)
      Recommended by:
      michael1104, ipsos

      on SMALL business. Those aren't going anywhere right now - they stay HERE.

      If you have offices in half the countries in the world, it makes sense to have the bulk of your employees in the countries where the expenses are less. If you have ONE office here, with 10 employees, hiring overseas has more hassles than benefits.

      Manufacturing overseas can still be a better deal though. that's the other part that needs to change.

      •  Small business AND a Trade Policy that allows (0+ / 0-)

        them to compete fairly on their own turf. It's time to charge more equitable import tariffs and support goods made here at home.

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