Why Do Those Bad Companies Outsource?

From: Thomas Sweeney

Sent: Monday, July 23, 2012 7:32 PM
To: Renee, Chip, Brian, Gussey, Fran, Val, Dad, Ellen, Mike & Jean, Mary W

Subject: Re: Guess Who's Moving to China? ...

Why do U.S. companies send jobs overseas?

Why don’t more foreign companies send jobs to the U.S.?

What could our government do to make locating—or relocating—in the U.S. more attractive to businesses?

Take a look at the Index of Economic Freedom, produced by The Heritage Foundation and The Wall Street Journal.

There are several reasons why Hong Kong is No. 1 and America is No. 10. Hong Kong’s top corporate tax rate is only 16.5 percent, compared to the U.S. rate of 35 percent.

Hong Kong’s trade regime is one of the world’s most competitive and efficient, with a zero tariff rate. And its regulatory environment is “highly supportive of business efficiency.”

On the other hand we are saddled runaway regulations growing by the day. This makes doing business here vastly more expensive and difficult. The government is holding back the economy through regulation and its nonstop deficit spending.

Check out Red Tape Rising: Obama- Era Regulation at the Three Year Mark. In a nutshell it says:

“During the first three years of the Obama Administration, 106 new major federal regulations added more than $46 billion per year in new costs for Americans. This is almost four times the number—and more than five times the cost—of the major regulations issued by George W. Bush during his first three years.

Hundreds more regulations are winding through the rulemaking pipeline as a consequence of the Dodd–Frank financial-regulation law, the Patient Protection and Affordable Care Act, and the Environmental Protection Agency’s global warming crusade, threatening to further weaken an anemic economy and job creation.”

Bureau of Economic Analysis News Release

BEA data shows that excessive federal spending and the resulting budget deficit continue to be a big problem. Foreign investors spent more than $400 billion on U.S. Treasury securities in 2011. This is another way to say that the government borrowed more than $400 billion from foreign investors. Those dollars could have been invested otherwise in the private sector of the U.S. economy or spent on U.S. exports.

So more than outsourcing, we really, really ought to be worried about Obama’s excessive federal spending because deficit spending encourages our trading partners to buy U.S. Treasury securities to finance our government’s budget shortfall rather than investing in growing private-sector companies and thus creating more jobs.

Now Chip, please explain to me how Obama has the advantage over Romney on taxes, regulations, and deficit spending.

From: Renee
To: Chip, Brian,Gussey,Fran,Val, Dad, Ellen, Mike & Jean, Mary W., Tom Sweeney >
Sent: Monday, July 23, 2012 5:19 PM
Subject: RE: Guess Who's Moving to China? ...

Obama knows about it and he is suppose to be our leader and he does nothing…. That is my point.

Thy Must quit blaming others after all these years and take responsibility.

Renee

________________________________

From: Chip
Sent: Monday, July 23, 2012 5:14 PM
To: Brian, Gussey,Fran,Val,Dad, Renee, Ellen, Mike & Jean, Mary W., Tom Sweeney
Subject: Re: Guess Who's Moving to China? ...

Very interesting thing here.
Snopes verifies the part about GE, but does NOT connect it to President Obama at all.

So then I find this article at NPR, and it does blame Obama for this, but also both parties. It's a good read.
http://www.npr.org/blogs/itsallpolitics/2012/07/17/156933001/romneys-crony-capitalism-charge-may-ring-true-for-leaders-of-both-parties

I do recall some lefty outrage at Jeff Immelt's appointment. I also believe the Dems are more likely to fix this, and that the Repugs are more likely to allow this problem. This backs me:
http://advice.cio.com/beth_bacheldor/10897/another_proposed_law_to_stop_offshore_outsourcing
Proposed by D, blocked by R.

Any counter arguments welcome.
Need I say that Romney has this topic hanging on his neck like a dead rabbit?

>>> Renee  07/23/12 3:01 PM >>>

I think this is Old News but it is true.  We USED to do many exports for GE, not anymore. 

Now how is this fair to any Business whether small or large in America and why is our President

Letting it continue ??

Renee

""

From: Mary.

Sent: Monday, July 23, 2012 2:47 PM
To: Ann; Renee; Tom Sweeney;

Subject: Guess Who's Moving to China? ...

.

Guess Who's Moving? …    Obama couldn't be happier with this decision. It's all part of the destruction of the USA.   GE is Moving from Wisconsin.   Keep your eye on Waukesha, Wisconsin......Their biggest employer just moved out. General Electric is planning to move its 40-year-old X-ray division from Waukesha,Wis., to Beijing. In addition to moving the headquarters,the company will invest $2 billion in China and train more than 65 engineers and create six research centers.  This is the same GE that made $5.1 billion in the United States last year, but paid no taxes - the same company that employs more people overseas than it does in the United States. So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs. Thanks Jeff, you're a "real" American ... just like your president.  By the way - give Obama our Best! If this doesn't show you the total lack of leadership of this President, I don't know what does. Please pass this information to others and think about it before you buy a GE product. For Snopes verification of this information, go to:  http://www.snopes.com/politics/business/ge.asp