"Make It in America"

Hello to all my passionate followers!

I know you have been sitting on the edge of your seats waiting for more of my unconfined worldly wisdom as I share more information about the outsourcing menace affecting the security and availability of acceptable American jobs. I have been sitting on the sidelines for several months wondering if anyone really cares that corporate America has put profit before integrity when American jobs are at risk. Regarding that question, I only know that I care .... and that's what counts first! So today I begin a new process of sharing my observations with anyone else out there that cares about American jobs and our future as a healthy country.

Today I want to call attention to the new Democratic movement labeled "Make It in America" in today's Washingtonpost.com article dated Tuesday, August 3, 2010, 11:21. In that article my attention is drawn to the bold label: "New Democratic strategy for creating jobs focuses on a boost in manufacturing" . This message talks about the Obama administration's focus on a long term strategy that is captured in this quote: ""We know manufacturing produces good jobs, high-paying jobs," House Majority Leader Steny H. Hoyer(D-Md.) said Monday as Democrats released a report showcasing small gains in manufacturing since Obama took office. "We have committed ourselves to a long-term agenda aimed at enhancing the manufacturing capabilities in America.". Once again, certain Republican forces are doing their best to prevent the Obama administration from achieving something economically meaningful for this country and the strength of our people. It is very clear to this writer that when the original hate radio host Rush Limbaugh declared, “I hope he fails.” statement regarding Obama's election, our country was heading for a battle between ignorance/fear pitted against intelligence/progress. For those that want to read more on this new Democratic movement, refer to website address: http://www.washingtonpost.com/wp-dyn/content/article/2010/08/03/AR2010080302685.html?hpid=topnews

As always, drop me a line regarding your thoughts be they positive or critical ! Regards ....

Obama riles high-tech exec over outsourcing

BULLETIN! EXTRA EXTRA !

Well Well ..... looks like something has hit the fan ! Right on subject, here's a bit of todays's news for your enjoyment.

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Ref: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/04/BUF817D164.DTL

"Carl Guardino usually comes across as an amenable, mild-mannered Silicon Valley executive. But not on Monday. Not when he watched President Obama promising to end overseas tax breaks for U.S. companies that "create a job in Bangalore, India, (rather than) one in Buffalo, N.Y." Guardino, CEO of the Silicon Valley Leadership Group, angrily described Obama's language as "not only discouraging, but divisive." The president's implication that companies such as Cisco Systems and Hewlett-Packard merely "ship jobs overseas," and are being rewarded in the bargain, came as a shock to Guardino, who otherwise described the president as "brilliant and respected by so many in the tech sector who are counting on the administration as their ally." Indeed, Obama's proposal to limit U.S. companies' ability to defer paying U.S. taxes on offshore earnings does put Bay Area companies doing a lot of business overseas directly in the crosshairs. "It would adversely impact our ability to invest and grow our business in the (United States) and to compete against our foreign competitors," said a spokesman for Cisco. "

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Four questions:

1. Anyone out there with an opinion on foreign tax breaks for American corporatons?

2. Would it be bad for corporate America if offshore tax advantages were eliminated?

3. The article suggests that foreign investment tax breaks allows favorible competition with foreign corporations. Not sure what that really means... do you?

4. Am I missing something here? Given Guardino's quote "adversely impact our ability to invest and grow our business in the (United States)" What does this mean? We can't invest in the United States (and American jobs) unless we invest in offshore tax breaks?