guest workers

Where are the Stimulus Jobs?

Who can forget those beyond incredible job creation projection numbers of the Stimulus Bill.  3.5 million jobs, 4 million jobs, the promise was high and never mind spending almost a trillion dollars for these jobs.  Recently the Council of Economic advisers issued a report on job creation from the Stimulus, at the same time, the White House claimed to have saved 750,000 jobs by August, 2009.

So, what's the catch?  There is no real world, real data on the truth of these claims and there may never be.

We still have theoretical calculations on job creation, based on Stimulus spending as a ratio of GDP, and thus indirectly jobs.

How Many Jobs in the Stimulus Bill Could Be Offshore Outsourced?

A simple question. An obvious question. While the non-debate debate rages on over tax cuts in the American Recovery and Reinvestment Act of 2009, this fundamental question of how many real jobs will go to real American workers needing a job....is not asked.

So, I'm asking it. I do not have an answer.

We have already seen TARP bail out recipients replace Americans with foreign guest workers.

Obama Promises to Create 2.5 Million Jobs, but in What Countries?

President-elect Obama promises to create 2.5 million jobs and has plans for a massive stimulus package costing at least half a trillion dollars if not $1 trillion dollars.

But where exactly would those jobs be created?

Business Week Journalist Michael Mandel asks Can Obama Keep New Jobs at Home? Mandel points out that a massive stimulus might just well go offshore.

Some startling facts in this article:

Imports have risen from the equivalent of 9% of gross domestic product to almost 19%. Even more astonishing, the value of imported goods now is equal to almost 40% of the output of U.S. manufacturing.

Friday Movie Night

hot buttered popcorn

It's Friday Night! Party Time!

Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This week's star is Senator Byron Dorgan. Now I happen to really like Dorgan. He has that Midwest sensibility and more importantly, a MBA, a background in corporate taxes and economics and is chair of the Democratic Policy Committee.

One of the things Dorgan is known for is incredible floor speeches with large graphs and images. Believe me, with him on the floor other Senators have no excuse to claim they didn't know a bill or policy was hurting US workers. You can't ignore Dorgan.

Here he says there is no real representation in Congress for the American Worker:

Why You Should Be Thrilled the WTO Doha Talks Collapsed

There is something stinky in the the WTO trade agreements. Very Stinky.

The United States is trading away American jobs. This isn't by proxy, this is literally trading away American jobs to be done by foreign guest workers.

You've probably never even heard about it. There is this little something called GATS, mode 4 under WTO trade rules. What is GATS mode 4 you ask? Well, click on the link where I overview it. In a nutshell the WTO thinks it's a grand idea to trade education and services. Services means people. Yup, trading people.

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