Exporting America

Lou Dobbs Tonight: IBM criticism tonight for "The Wall Street Journal reported this morning that IBM is cutting thousands of jobs in the United States. IBM this story reported by The Wall Street Journal is to outsource most of these jobs in India, at a time when millions of Americans unemployed. As Bill Tucker now reports, IBM continues to create more jobs, more money while abroad, lobbies federal stimulus. are between four and 5,000 American workers in IBMbelieved fired. We heard These jobs cut here in the States and Italy moved work to India, China, Asia Pacific and Latin America America.Ironically The news came as the president Himself took a question on outsourcing at His town hall meetings with a response that does not seem very promising. OBAMA: It depends on low wage, unskilled labor. It is very difficult to hang on to these jobs, because there is always a country that pays lower wages than the U.S., but a UnionSpokesman said that IBM is cutting many jobs, not low skills, low paid but highly skilled workers, even in countries that pay lower wages than in the U.S. last year in the Obama campaign candidate election can be waved with the sword that President Obama now seems reluctant to pursue. OBAMA: I say we end tax cuts for companies transfer jobs abroad. We will stop tax breaks for companies that ship jobs overseas, to give their companies here, creating good jobs inVirginia ...

See Also : Internet Money