California is Hit with Outsourcing/Blame Bush
From the Dallas Business Journal via HobbsOnline:[Hobbs:] Here's a story from the Dallas Business Journal that says California is losing jobs because they're being outsourced. But where those jobs are being sent will surprise you. Hint: It's not China or India. And I'd bit money California Democrats are going to try to blame President Bush.
[DBJ:] According to a new report from Bain & Co., nearly 40% of California companies are planning to move jobs out of that state in the future -- and most of them are coming to Texas.
For businesses in sectors such as manufacturing, software programming and insurance underwriting, the numbers are higher, with 55% of those companies saying they plan to export jobs or expand elsewhere.
Of the companies relocating jobs, 35% are sending them to Texas -- more than all the other 48 states combined (12% for Western states and 17% for other U.S. states).
Texas also topped the global markets, said Brian Cotter, a consultant in Bain's Los Angeles office.
"It was somewhat of a surprise," he said. "We had been reading in the press and hearing anecdotally that companies were moving jobs to India and China, but Texas beat out both India and all of Asia combined. It also beat out California's neighboring states of Arizona and Nevada. It's clear Texas is emerging as the No. 1 competitor."
Matt's Chat
HALLIBURTON! I demand an investigation. This was all cooked up in Texas and announced to the Republican leadership as being good politically because as we all know: all Republicans are from Texas and they're EEEEEEEEEEEEEvil!What? Texas has a lower tax rate than California? You say that's why businesses are leaving California? Gov. Ahnold, surely you jest! You must be part of the vast Texas conspiracy!
Let me take my tin-foil hat off...
WHEW...much better...
Look, here's the thing. When you apply too much government regulation and beat up business with taxes, companies leave. We are experiencing the same thing here in Ohio where our esteemed RINO governor has increased the burden on business to the point where small businesses are closing and big businesses are pulling out. I'm not advocating giving up the farm, but what I am saying is that responsible government behavior in regards to establishing and maintaining a relationship with business is essential to getting and keeping businesses in the state.
This isn't rocket science, but there are enough liberals out there who want to redistribute the wealth to the point where we're all poor; and that won't be good for anybody's economy. The President has the right idea and governors who want to improve the economic situations in their states should implement similar strategies. I'm not saying that the Bush plan is perfect, but I am saying it makes more sense than taxing the bejesus out of everybody and their employer too.
Mark's Remarks
Just some facts you can look up:
since the 1990s, only 3/10 of 1% of jobs have been sent overseas--HMM, KERRY SAID MILLIONS A MONTH, COULD THAT BE YET ANOTHER LIE, MR. FLIP FLOP?
since 1984, the United States Population has increased by 26%. Jobs have increased over the same span by 40%.
If you take out the illegal immigrants driving the median income level down, we are experiencing the same boom in middle class income that occurred in the 1950s and 1960s.
Americans now own on average 2 cars.
The Unemployment rate is at 5.6%. 6% of Americans do not have phones.
The total household wealth of America last year was 44 trillion. When has it been higher? NEVER.
So, all you Dimocan'ts and Disciples of Doom (tm) talking about the terrible economy, YOU CAN BITE ME!
