tag:blogger.com,1999:blog-32362551.post4659975948531083406..comments2023-12-13T16:57:33.142-06:00Comments on Blogodidact: Robert B. Reich and the problem of The Zero Economy: It's the stupidity, stupid!Van Harveyhttp://www.blogger.com/profile/08470413719262297062noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32362551.post-34715089138040629042011-09-09T12:41:24.442-05:002011-09-09T12:41:24.442-05:00Lance said “The only thing that I feel pretty sure...Lance said “The only thing that I feel pretty sure of is that as far as I am concerned it hurts America when companies take their business overseas.”<br /><br />And so I’m sure you’re against the head of President Obama’s ‘Committee on Jobs!’, Jeffery Immelt of GE... who is packing up and sending two factories from the U.S., to China, yes? What do you think about his Justice Dept which is harassing Gibson Guitar, raiding their factories in SWAT gear, threatening to make it impossible to do business, while suggesting that they ‘send their manufacturing jobs to Madagascar’? Links to both in <a href="http://blogodidact.blogspot.com/2011/08/van-jones-transforming-american-dream_31.html" rel="nofollow">this post</a>.<br /><br />The fact is that companies choosing to do business overseas, isn’t itself a problem, if legit, and will benefit the American worker through expanding their own wealth (more availability of products and less price).<br /><br />But. <br /><br />But if they are going because they are being forced out of America by massive regulations and to a much lesser extent, taxes (total up the combined costs of regulations from OSHA, EPA, FTC, SEC, NLRB, Sarbanes-Oxley... not just in the measures they require, but the cost of documenting and complying with the paperwork – Sarbanes-Oxley alone kept a team of 8 very well paid programmers such as myself, at a medium sized company, at work for 8 months on just a portion of compliance – and no, it didn’t create jobs, actual projects (which required more people than us)which would have benefited their business, and would have offered more options to their customers, were cancelled, to assign us to this pestilent drain on the economy) – the cost of regulations Dwarf the cost of taxes – and it is IMPOSSIBLE for businesses to keep their manufacturing operations, in America.<br /><br />“I just think the loss of those jobs is just one of the reasons we are in the mess we are in right now.” You’re dead-on right on that count.<br /><br />“The sad thing is that all of this economics talk makes me feel pretty dim.”<br /><br />;-) I’ve got a couple more posts coming on this, one that’ll break economics down so that anyone, even an economist, could understand it.Van Harveyhttps://www.blogger.com/profile/08470413719262297062noreply@blogger.comtag:blogger.com,1999:blog-32362551.post-32816974842790956002011-09-09T11:50:30.447-05:002011-09-09T11:50:30.447-05:00Thanks for posting this Van. The sad thing is that...Thanks for posting this Van. The sad thing is that all of this economics talk makes me feel pretty dim. The only thing that I feel pretty sure of is that as far as I am concerned it hurts America when companies take their business overseas. <br /><br />I know they are free to do that./ I just think the loss of those jobs is just one of the reasons we are in the mess we are in right now.Anonymoushttps://www.blogger.com/profile/04973448750714819716noreply@blogger.com