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lquadland10 (< 20)

A foolish Question.



February 12, 2009 – Comments (4) | RELATED TICKERS: GLD , ABX , AUY

If Pres. Obama and his team get congress to spend 1 TRILLION dollars give or take a few billion for a bail out and that should create 3 million jobs.Congress is letting GE outsource 3 million jobs in the coming years and we SPEND at TRILLION to create 3 million jobs who looses again?

3 -3 = 0 plus a trillion dollars deeper into debt. Yep this Is THE CHANGE we were all looking for wasn't it. Got to love our government and lobiest. 

I wonder when there will be a tax revolt. Was it not the 16th amendment that said the government could not tax your labor?  Oh well when has the government followed the laws of the land. It has been to long for me to know.

4 Comments – Post Your Own

#1) On February 12, 2009 at 4:29 PM, anchak (99.89) wrote:

I was not aware GE employed 3 million people - even considering their contractors etc.

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#2) On February 12, 2009 at 4:45 PM, lquadland10 (< 20) wrote:

That is what cnbc reported. But then you know the news.

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#3) On February 12, 2009 at 5:25 PM, TMFAleph1 (89.76) wrote:

You're forgetting to count the number of jobs the U.S. will insource or did you think that outsourcing only works in one direction?

I can assure you that economic protectionism is not the remedy to our ills -- it didn't work during the Great Depression and it won't work today.

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#4) On February 12, 2009 at 5:43 PM, TMFAleph1 (89.76) wrote:

Furthermore, at year-end 2007, General Electric employed approximately 155,000 people in the United States (327,000 globally), so I'd be very curious to know how they plan on outsourcing 3 million jobs. Either the figure was misreported or you misunderstood it.


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