U.S Multinationals Increasingly Hiring Abroad, Firing At Home

Large U.S. companies increasingly hire abroad and fire in America, according to new government data.

In the last decade, American multinational corporations, which together employ one-fifth of all U.S. workers, decreased domestic employment by 2.9 million workers while adding 2.4 million jobs overseas, the Commerce Department reported on Monday.

delko wrote:Whoever takes over the White House in 2012 needs to pass Legislation to disincent Corporations from sending jobs overseas, and incent them to keep them here. The simplest and most effective way would be tax breaks for any Corp that keeps jobs here, AND brings jobs back here. On the flip side, control the 'kid in the candy store spending' of the Federal Govt, which has gone to obscene levels the past 2 years. And these tax breaks will be nicely absorbed. Less revenue is just fine as long is there is equally less spending.
And the end result will be...JOB GROWTH....which will have far more reaching effects on the economy than any single Bail Out Package or extension of UI benefits could ever achieve. Not to mention, and most importantly, ease the pain for many of us here on this site!!!
There is one obstacle to my suggestion. BOTH Parties are very much in love with the big dividend checks being recieved on Wall Street every time jobs are sent overseas. But hopefully the incentives for tax breaks can rival any dividend checks they get. That would be the key to the success of this type of Legislation.

lendmeflight2 wrote:If you look back through history, there has never been economic or job growth in a recession if spending was cut. When the great depression first started all Hoover was concerned about was the federal budget deficit. Sound familiar? We didn't start coming out of the depression the TVA and the WPA were put in action through spending.

There was a tax incentive bill for companies who brought jobs back here from overseas that was pushed by Obama but the republicans filibustered it just like they do every program that would actually help working people or create jobs.


This is why Trump running for president bothers me. He thinks he will be a good president because he is a good businessman but the federal government isn't a business and it isn't intended to be one.

DesperateInRI wrote:

delko wrote:Whoever takes over the White House in 2012 needs to pass Legislation to disincent Corporations from sending jobs overseas, and incent them to keep them here. The simplest and most effective way would be tax breaks for any Corp that keeps jobs here, AND brings jobs back here. On the flip side, control the 'kid in the candy store spending' of the Federal Govt, which has gone to obscene levels the past 2 years. And these tax breaks will be nicely absorbed. Less revenue is just fine as long is there is equally less spending.
And the end result will be...JOB GROWTH....which will have far more reaching effects on the economy than any single Bail Out Package or extension of UI benefits could ever achieve. Not to mention, and most importantly, ease the pain for many of us here on this site!!!
There is one obstacle to my suggestion. BOTH Parties are very much in love with the big dividend checks being recieved on Wall Street every time jobs are sent overseas. But hopefully the incentives for tax breaks can rival any dividend checks they get. That would be the key to the success of this type of Legislation.

Whoever takes over the Whitehouse in 2012 cannot introduce or pass legislation.

Whoever takes over the House and Senate can. Just saying...........

lendmeflight2 wrote:If you look back through history, there has never been economic or job growth in a recession if spending was cut. When the great depression first started all Hoover was concerned about was the federal budget deficit. Sound familiar? We didn't start coming out of the depression the TVA and the WPA were put in action through spending.

There was a tax incentive bill for companies who brought jobs back here from overseas that was pushed by Obama but the republicans filibustered it just like they do every program that would actually help working people or create jobs.


This is why Trump running for president bothers me. He thinks he will be a good president because he is a good businessman but the federal government isn't a business and it isn't intended to be one.