Who says corporate America isn't creating jobs? According to the Economic Policy Institute, they've created 1.4 million jobs this year... OVERSEAS. That's compared with less than 1 million here in the U.S.
Despite record profits, two trillion dollars in cash, and a growing stock market, corporations are investing their money -- and sending our jobs -- overseas:
"The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute's senior international economist. 'There's a huge difference between what is good for American companies versus what is good for the American economy,' says Scott."We don't know the details of President Obama's discussion with corporate CEOs at the White House recently, but if he didn't raise hell with them about this situation, he needs to spend a few months living with families whose jobs have been outsourced.
Oh yes, and more tax cuts for the wealthy, anyone?
No comments:
Post a Comment