Large "U.S. companies increasingly hire abroad and fire in America"

[Jakes Progress]

http://www.huffingtonpost.com/2011/04/19/multinationals-hire-abroad-fire-at-home_n_851094.html

Thus the fact remains: During the Great Recession's recovery, corporate profits have rebounded energetically, while job creation has not.

"One of the things that's generating the huge rebound in profits in the United States -- a rebound that is so astonishing that profits exceed what we saw at the peak of the last economic expansion -- is that the profits of these companies are more and more divorced from their actual operations here in the United States," said Gary Burtless, a economist at the Brookings Institute. "So now we can this situation where companies' profits are going gangbusters even though the U.S. economy has 8.8 percent unemployment."

How about a true bit of Democratic legislation? How about a 25% payroll tax on all jobs that American corporations pass out overseas, and two years of each salary cut added to a company's tax liability?

Yeah, I know. Capitalism rules and all that. But the article quotes the hired excuse finders who say that the companies are relocating their hiring to emerging markets. Sure those markets are growing and ours shrinking - they have the money from our jobs. If we had the jobs, we would be the market.

[Drale]

1. How about if you move jobs from America

You can no longer do business here. That would force them to make their goods here.

[exboyfil]

2. Domestic content laws

and tariffs. Protectionism 101. Not say I disagree with it, but are you going to let non-US based MNCs sell in the US but not the US based ones?

Our politicans are so far from the concept our Founding Fathers had about the economic health of the country that it is staggering. Hancock stole intellectual property from the British to get our textile industry started. Now both our politicians and our business leaders will sell their fellow Americans down the river for a buck.

[anneboleyn]

9. That's the way we have to go if we are ever going to recover.

Otherwise there's nothing to stop all US companies from moving overseas and exploiting the cheap labor markets. Our middle class and working class will be destroyed.

[Jakes Progress]

4. That's a good one too.

I like hitting them directly with taxes though. That word makes their asses pucker.

Sneak up behind a corporate republican and yell "Tax" and they fall into a fetal position and wet themselves.

[Drale]

5. Who is they?

It should scare these cheating corporations.

[Jakes Progress]

6. See update.

A cut from another post got pasted in. Sorry.

[Donnachaidh]

8. Hit them with HIGH re-importation tariffs

Let's cut into the profits they took by laying off American workers. And regulate the shit out of them too.

[MatthewStLouis]

3. The GOP and soulless corps are big on loyalty: one-way loyalty up the ladder.

No real loyalty to American employees or to America in general.

[exboyfil]

10. I don't see the Democratic Party doing

anything about it either. Actually the Buchanan wing of the Republican party has been proposing protectionism for 20 years now.

[MatthewStLouis]

12. That's true. Sitting idle is virtually the same as being on the other side. n/t

[notesdev]

7. If you want a job

leave the country

is that the message?

[Romulox]

11. Should I buy a Prius? nt