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SRT Mike · March 17th, 2003, 08:33 PM

Jason,

What could Bush do to help the ailing economy? All the feds can do is adjust the interest rate - and that has a very mixed effect on the economy.

How can Bush help when plants are closing? You know one of the biggest reasons for the economy going to shit? Because during the "dot com bubble" the US admitted close to a million foreign workers into the US to take high-tech jobs. Anyone who works in high-tech knows about the Indians, Russians, and Chinese who work these jobs. By law, they must go home (at their employers expense) if their job is terminated. When the economy tanked, and companies had to lay off folks, who do you think was first to go? The US workers making $120k a year or the Indian guy who makes $60k and would happily take $40k rather than go home?? Also, do you think the company wants to pay for that no-advance-notice flight for Ivan to go back home? Hell no. So you have literally hundreds of thousands of HIGH PAID workers out of jobs. This ripples into other areas as well.

Why did this happen? During the boom years, the Clinton administration (and it was not really Bill's fault, but rather the fault of the house and senate - BOTH parties fault) they were letting in hundreds of thousands of workers EVERY YEAR on 5-year visas. Many of them never went home. The INS overran their quota many times. So this is what decimated the whole high-tech industry. And the decimated high-tech sector brought a lot of other things down with it. The ripples are still being felt.

9-11 really screwed things up too - more than most anything else. That was not Bush's fault. Actually you could even blame alot of that on the former administration - hell the towers were bombed before and we didn't do shit about it! But I didn't see the 9-11 attack coming an it's not fair to say they should have either, IMO..

Bottom line, it's anyone but Bush's fault. And honestly, going to war over something this important to this country should have nothing to do with the economy. The war is righteous because of what it's about - if you believe in the cause, does the cause become any less just simply because the economy isn't too great right now?

March 17th, 2003, 08:33 PM	#11
SRT Mike Senior Member SRT Mike is offline Join Date: Jan 2003 Posts: 3,290 Rep Power: 14	Re: 48 hours. GOODBYE Jason, What could Bush do to help the ailing economy? All the feds can do is adjust the interest rate - and that has a very mixed effect on the economy. How can Bush help when plants are closing? You know one of the biggest reasons for the economy going to shit? Because during the "dot com bubble" the US admitted close to a million foreign workers into the US to take high-tech jobs. Anyone who works in high-tech knows about the Indians, Russians, and Chinese who work these jobs. By law, they must go home (at their employers expense) if their job is terminated. When the economy tanked, and companies had to lay off folks, who do you think was first to go? The US workers making $120k a year or the Indian guy who makes $60k and would happily take $40k rather than go home?? Also, do you think the company wants to pay for that no-advance-notice flight for Ivan to go back home? Hell no. So you have literally hundreds of thousands of HIGH PAID workers out of jobs. This ripples into other areas as well. Why did this happen? During the boom years, the Clinton administration (and it was not really Bill's fault, but rather the fault of the house and senate - BOTH parties fault) they were letting in hundreds of thousands of workers EVERY YEAR on 5-year visas. Many of them never went home. The INS overran their quota many times. So this is what decimated the whole high-tech industry. And the decimated high-tech sector brought a lot of other things down with it. The ripples are still being felt. 9-11 really screwed things up too - more than most anything else. That was not Bush's fault. Actually you could even blame alot of that on the former administration - hell the towers were bombed before and we didn't do shit about it! But I didn't see the 9-11 attack coming an it's not fair to say they should have either, IMO.. Bottom line, it's anyone but Bush's fault. And honestly, going to war over something this important to this country should have nothing to do with the economy. The war is righteous because of what it's about - if you believe in the cause, does the cause become any less just simply because the economy isn't too great right now?