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Top ‘U.S.’ Corporations Outsourced More Than 2.4 Million American Jobs Over The Last Decade

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Post by Guest Tue Apr 19, 2011 1:30 pm

The paper surveyed employment data by some of the nation’s largest corporations — General Electric, Caterpillar, Microsoft, Wal-Mart, Chevron, Cisco, Intel, Stanley Works, Merck, United Technologies, and Oracle........

Unfortunately, for some of these companies, sending American jobs overseas isn’t enough. They also want to bring the profits back into the United States with as little tax liability as possible. Cisco Systems, which had 26 percent of its workforce abroad at the start of the decade but 46 percent of its workforce abroad by the end, is currently involved in a lobbying campaign titled “Win America” calling for a tax repatriation holiday that would let big corporations “bring money they have stashed overseas back to the U.S. at a dramatically lower tax rate.” A similar tax break in 2004 actually increased the amount of money companies store overseas.

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http://thinkprogress.org/?p=159555

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Post by Springflowers Tue Apr 19, 2011 7:32 pm

Sickening isnt it? I think every American should use the smallest business they can to get their needs met on every front, I know that's hard though so many of them are monopolies and there are things like medicine etc, you can't get. They have betrayed us. The country who built them up.

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Post by jmainframe Wed Apr 20, 2011 7:15 am

And now that many of these American-born companies have gone global, they don't care if this country collapses. They'll just move their headquarters to where the money is (i.e. Malaysia, Hong Kong, or Singapore). I suppose after that frontier dries up, their only alternative after that would be the moon! - lol

It is sickening what these corporations have done to America and Americans.
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Post by Springflowers Wed Apr 20, 2011 12:21 pm

jmainframe wrote:And now that many of these American-born companies have gone global, they don't care if this country collapses. They'll just move their headquarters to where the money is (i.e. Malaysia, Hong Kong, or Singapore). I suppose after that frontier dries up, their only alternative after that would be the moon! - lol

It is sickening what these corporations have done to America and Americans.

To me the way they are behaving, they EXPECT things to collapse here and they are a big reason too.

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Post by New_Wave_Princess Wed Apr 20, 2011 8:03 pm

This gets sicker and sicker. Screw these corporations, make them taxed even more for doing this.

But knowing the morons in power, they will allow companies to do this in the bs name of "job creation".

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Post by Guest Wed Apr 20, 2011 9:01 pm

It appears that they have a plan to take down the US, and then they can come back and make more demands. If we were able to build new corporations that had the employees on the Board and operated as a democracy maybe we could be so successful here in the US, we could tell them all to go take a hike.

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