Comments on: Greenspan: Offshoring laws could harm U.S.

The Federal Reserve chairman says new measures aimed at stopping jobs from moving overseas could hurt the U.S. economy rather than help protect American workers.

[tbeckner]

Alan Greenspan isn't worried!

Federal Reserve Chairman Alan Greenspan isn't worried about his job and he is a republican.

[LinuxRules]

Outsource Gov't

'Greenspan blamed the movement of jobs overseas on a
number of factors, including U.S. consumers' drive to
push down prices through comparison shopping and
breakthroughs in productivity.'

Well no sh--, this is what is called a M-A-R-K-E-T and
the US economics is based on it. Where did this guy go to
school at? Very interesting, Greenspan is blaming the
consumers and not the American CEOs (who make
millions by the way) who are the decision makers to
outsource.

We need to outsource the President's job, the House and
Senate's jobs, the CEOs' jobs, and Greenspan's job. We
need to streamline, bring down the cost, and get rid of
some of those simply useless jobs in US Government.

Redistribution by Concentration of Wealth / Follow the Money!

You cannot discuss/explain/understand state offshoring of state sponsored jobs (direct vs. contracted) in a vacuum, that is, without understanding the general business model (and I conclude - false economic savings, and erosion/destruction of the US social fabric) driving this process; redistribution by concentration of wealth and power.

America, and her associated States, reached it's status as a strong, vibrant and wealthy society MOSTLY due to a strong, vibrant and wealthy middle-class. Offshoring, one of many forms of wealth concentration policies, THREATENS the middle-class, and by that, threatens the health and welfare of the States and the Union.

It benefits only a few, at the expense of the vast majority. "All that glitters is not Gold"

This is no outside threat as in a supplier "competing" for work; this is a case of shooting ourselves in the foot, or better yet, our brain!

Were do these savings in labor cost go? Why is the CPI continuing to rise? What of the latest alarm over the rise of the Wholesale Price Index?

Follow the money!

Not all of corporate America behaves in this dangerous manner. COSTCO is one shining example of corporate responsibility.

Eight months ago, 3 1/2 years from retirement eligibilty, my job was offshored and I was laid-off by IBM.

So, after years of "sounding the alarm" on this issue (Lou Dobbs, TV, Print, Political Activism), it has come to my front door.

Protect and defend the Union, or, God help us all.