What the bankers gave out will be paid for via inflation... and the repossetion of homes that can't be paid for.

That was the whole commie plan... bankrupt america via fiat currency and non white immigration. Now the jew people w/ money transfer it to Israel and the super rich whites live in their gated communities or ranches.

The Patriot Act and anti terror legislation are meant for people who are protesting against low wages and/or the economy. The usa will be like a third world country in 10 years in the cities because of NAFTA/GATT and Peak Oil and non white birth rates.

No matter how much that monkey-boy Bush tries to talk up the strong economic reality is all to clear to even the dumbest of Americans. Now that giant hook-nose thinks he is going to raise interest rates because our economy is too strong- we have to ward off inflation. All the while Bush and his cronies tell American professionls they are no longer "entitled" to have decent paying jobs no matter how well educated they are. It's a global market place for labor they tell us. I was particularly enraged when that greasy house-nigger Colin Powell went to India to calm their fears about the American backlash against outsourcing. He assured them that the U.S will continue to send their best paying jobs to India and there is nothing the Americans can do about it. Can you imagine the Chutzpah of that uppity nigger? It's the most treasonous thing I have ever seen!

Want to get more enraged? Read this article about a filthy Indian piece of shit who has become wealthy sending white men's jobs to his disgusting pus infected sore of a nation. Just listen to the arrogance of this monkey.

Source here: http://www.neoit.com/gen/news-events/news-contents/Apr28_04_latimes.html
Atul Vashistha's firm helps U.S. companies cut costs
by sending work abroad

He'll Take Your Job and Ship It; Atul Vashistha's firm helps U.S. companies cut costs by sending work abroad. Sorry, he says, but it's a case of move up or lose out.

Atul Vashistha might help move your job overseas one day. He would like you to understand why.

Vashistha, 38, is one of the leading practitioners of "offshoring." His San Ramon consulting firm, neoIT, helps U.S. companies cut costs by sending work to India, the Philippines and other nations with cheaper labor. By his own estimate, Vashistha's deals are providing wages to 50,000 workers overseas. Many of those paychecks used to go to white-collar workers in the United States.

Since he was a boy growing up in India, Vashistha wanted to be a global entrepreneur. To get from there to here, he rejected tradition, devoured new information, sought out opportunities and repeatedly retooled himself to respond to changing circumstances.

If he can do it, he says, so can you.

"If you're a Web programmer, I'm sorry, you have no right to think you can keep your job in the U.S. if you're using the same technology that existed four years ago," Vashistha says. "You've got to keep moving up. You've got to keep going back to school.... If you're not going to do that, you're going to lose your job."

It is a stern warning, and one likely to antagonize the growing ranks of white-collar workers whose careers are at risk. With the U.S. economy only beginning to emerge from a three-year hiring slump, the migration of American jobs overseas has become one of this year's most explosive political issues.

President Bush is under fire for not doing more to fight it. His chief economist was pilloried for defending it. His Democratic challenger, Massachusetts Sen. John F. Kerry, is promoting new tax laws to slow it down. Angry workers are threatening to seek vengeance for it at the polls.

In the midst of the melee, Vashistha has stepped forward as an apostle of offshoring, corporate shorthand for shifting jobs abroad. In his view, it's important for workers to hear the truth - even if it hurts.

Like it or not, Vashistha says, Americans are now part of a global competition for labor. With the advent of the Internet and high-speed telecommunications, virtually any job that can be done at a computer or over the phone can be moved to countries where wages are much lower. And U.S. companies that resist the trend, he says, will be swept away by rivals.

That may spell disaster for workers who are cast aside, Vashistha acknowledges. But there is good news too: In the long term, companies that save money this way will generate new jobs, he says, which will go to workers who are willing to reinvent themselves.

When businesses save money, consumers also benefit through lower prices. It's part of the continuing cycle of creative destruction that has made America the world's wealthiest economy, Vashistha argues.

For some workers, Vashistha's arguments ring hollow. Clifford Cotterill is one of them.

A software engineer for one of the companies on neoIT's client list, Cotterill, 55, managed to dodge several previous rounds of workforce cuts. But he was recently told his job would be sent to India in May, three months shy of the date he would qualify for early retirement.

"I've always taken classes, picked up new technologies. I have pages of training I can include on my resume," Cotterill says. "They're not really being honest."

Vashistha says he empathizes with workers like Cotterill. But he knows there's not much he can say about the long-term benefits of globalization that would solve the immediate problems of people who get ground up in its gears.

"It is very painful, and I understand that," he says. "To tell somebody who is 55 years old ... you've got to go back to school. But that is the new reality of being competitive."

Every year, 30 million jobs are destroyed in the United States. Businesses go bust, companies downsize, factories automate. Some workers get pink slips; others retire and aren't replaced. In a good year, however, the economy creates 2 million more jobs than it consumes. There are no official data on the number of jobs sent offshore by U.S. companies, but some experts estimate the total to be about 300,000 a year. If they're right, the practice accounts for 1% of job loss in the U.S.

So why the fuss? Because the last three years haven't been good ones, leaving the economy 2 million jobs in the hole. And for the first time, it's not just blue-collar jobs that are being shipped abroad. Analysts estimate that as many as 14 million white-collar jobs are vulnerable.

The potential casualty list includes clerical workers, administrators, programmers, analysts, accountants, auditors, telemarketers, researchers, tax preparers, technical writers and even economists. In only a few years, this displacement of jobs has created a new class of anxious -- even angry -- Americans.

Every morning, as he signs on to his computer before sunup, Vashistha hears some of their voices.

"Mr. Chairman, you had better go back to Harvard and take a course in making people believe you are not really stupid," read one recent e-mail. "If you think exporting jobs is such a good idea, why don't you export yourself and others like you?"

"You are lining your pockets with the money taken from American workers," seethed another. "I hope some day you have as hard a time finding a job as I have in the last three years."

At neoIT's Bay Area headquarters, located in a high-tech office park where cattle once grazed, the atmosphere is relaxed but the energy level is high. The pace is set by Vashistha, a trim fitness buff who dresses California casual while in San Ramon but dons a suit and tie on East Coast treks.

Vashistha starts each day with a 5 a.m. gym workout, then heads to the office for an early round of global telephone tag with neoIT managers and investors in New York; Amsterdam; Bangalore, India; and Manila. For other senior staff, a typical workday starts at 6 a.m. and ends 18 hours later, with a three-hour family break at 6 p.m. The marathon schedule makes it easier to coordinate activities on opposite sides of the globe.

"The kids go to bed at 9 p.m., and we do the rest of our work between 9 and midnight," says Managing Director Debashish Sinha. "You get used to it."

The staff is expected to stay up to date on business trends. Vashistha gives periodic reading assignments, and at meetings he asks his managers to discuss the books they have read. Recent selections have included such stem-winders as "Developing Knowledge-Based Client Relationships" and "Built to Last: Successful Habits of Visionary Companies."

Vashistha's company occupies a narrow but growing niche. For a fee, it helps bigger companies devise a strategy for moving jobs overseas, identify firms that can supply the foreign labor and oversee the work for several years. Vashistha says his 16 clients stand to save a combined total of $500 million over five years.

He declines to reveal neoIT's current client list, but previous customers have included heavyweights such as BellSouth, HCA, Lucent Technologies, Procter & Gamble, Sprint, Visa, Chevron and Texaco.

There are bigger consultants in the field, but Merrill Lynch has rated neoIT as the most aggressive in America. Vashistha says his clients account for about 5% of the $20 billion spent by corporations each year to move jobs overseas, including the cost of the new foreign payrolls.

Vashistha has even higher ambitions. His game plan is to carve out a quarter of the entire pie.

The opportunity for growth is certainly there. Many companies are under intense pressure to cut costs, and a computer programmer who earns $75,000 a year in the United States can easily be replaced by one earning less than a third that amount in India. Even when other costs are added to the equation, companies typically save as much as 40% by shifting work overseas, analysts say.

While the recent political backlash has caused some companies to delay such plans, Vashistha says the trend is unstoppable. If U.S. firms were forced to stop, he says, they would quickly lose ground to rivals who have no qualms about hiring foreigners.

Vashistha's position reflects the thinking of many mainstream economists. A firm that hires a $20,000-a-year Indian programmer instead of an $80,000-a-year American is behaving no differently than a company that installs an assembly-line robot to replace several human beings. In both cases, profits and productivity improve.

The higher efficiency allows Americans to pay less for goods and services, they say, and living standards rise. In developing countries, the infusion of jobs allows the middle class to expand and buy more U.S. exports. American companies invest the profits in more innovative enterprises, generating new jobs for American workers. (Whether the new jobs pay as well as the old ones is a subject of considerable debate.)

Vashistha's faith was put to the test recently when he defended his work to Lou Dobbs, the CNN anchor who has been conducting a nightly assault on outsourcing in a series called "Exporting America":

Vashistha: "We can't just put up our borders and imagine that these jobs will stay. In fact, companies are going bankrupt because they are not taking advantage of these lower co-markets...."

Dobbs: "So what you end up [with] is a race to the bottom.... This is the wholesale exportation of American wealth.... "

Vashistha: "What is happening today is, I think, this is the next evolution in the global economy."

Dobbs: "That's wonderful. Great evolution, if you believe that the United States should be shipping its wealth, its jobs, standard of living and quality of life to Third World countries where there are no regulations for environment, no regulations for labor, no standards that is a requirement here in this country."

Vashistha says that more needs to be done to help the casualties of globalization. He said neoIT has begun making the case for better severance packages, outplacement services, retraining programs and government aid. "Should that have been done a year ago, two years ago? Absolutely," he says. "But I don't think anybody was thinking that far ahead."

Vashistha was born in 1965, the third of four sons of a corporate executive who moved from city to city on behalf of a large Indian fertilizer company. The family belonged to India's upper class, but Vashistha set his sights even higher.

"Atul was the person who had really high expectations and wanted things even if they were beyond his means," said eldest brother Avinash, 42, who runs the Indian end of neoIT's operations in Bangalore.

Vashistha was the most independent of four brothers, and the most magnetic, attracting a circle of friends and admirers.

"If 10 people meet you and say hello to you, the next day you're going to call him, not those other nine people. He had that power in him," said younger brother Ashish, 37, a laparoscopic surgeon in Lucknow, India.

Vashistha excelled in school, sports and socializing. He was captain of the cricket team. He violated cultural mores by dating women in college.

He received a degree in metallurgical engineering from the Indian Institute of Technology at Banaras, but soon lost interest in smelting. "I realized very quickly I could not have a career in iron and steel if I wanted to move up," he said.

It was time to retool. Instead of honoring his father's wishes to stay in India and prepare for a career in civil service, Vashistha shipped out to the United States in 1988 to pursue an MBA at Arizona State University.

"Growing up in India, I felt like I was too bound by family rules, instead of the spirit of what I wanted to do," he said. "When I came to the U.S., it took me about two years to realize the immense freedom that you have, especially the freedom to make your own future."

After moving to America, Vashistha broke his arranged engagement to an Indian woman and eventually married an Australian American accountant he met in Arizona. His family boycotted the wedding, although they have since accepted his wife, Jodie, and 5-year-old daughter, Tia, into the fold.

Vashistha and Avinash launched neoIT in 1999, drawing on India's growing pool of English-speaking technology graduates and the increasing demand for their talents, particularly during the Y2K reprogramming crunch in the United States. Initially, the firm focused on developing software to help outsourcing companies manage their global supplier networks. As a sideline, it advised firms on how to identify and manage suppliers of offshore labor.

Three years later, neoIT was losing money, and the brothers noticed their clients were more interested in their advice on moving jobs offshore than in the technology they were selling.

It was time to retool again. The company transformed itself into a pure advisory firm. Its staff has grown to 67 employees, 12 in the United States and the rest in Asia. Independent analysts estimate that it took in at least $10 million last year.

Vashistha's allies insist that advisory firms such as his are not driving the migration of jobs, but are merely helping steer it along a more rational course.

"The trend was there long before Atul got involved," said Brian Keane, chief executive of Boston-based Keane Inc., a provider of computer services. "What he has done in classic entrepreneurial fashion is recognize an unserved need to provide structure, discipline and education to the process. He's really just filling a void."

Critics characterize Vashistha as an enabler, someone who aids, and possibly accelerates, the flight of U.S. jobs.

"It's scandalous that people buy into this," said Richard Armstrong, an unemployed software engineer in Denver. "There's a long list of people who want to jump in and make money off this. They give that warm, fuzzy feeling to companies. They hold conferences, and cheer each other on for saving some money."

Vashistha says he wishes he could bring his critics around. But just as some deals cannot be closed, some doubters will never be convinced.

During a recent dinner party, Vashistha was challenged by a man who wanted to know how he justified his line of work. He launched into a vigorous defense of globalization, until he learned the man's father had lost his job.

"The moment I recognized that, I stopped," he said.

I think this sharp downturn in the markets, with increases in commodity prices, particularly oil, may finally signal the real collapse. It may be real this time, and with no tricks left to pull, to fake a recovery.

The engineers I know who have been unemployed for a couple of years are still unemployed, and are running out of the home equity money they extracted to live on.

Why is it that when millions of manufacturing employees were permanently made "redundant" during the Raygun administration (in which Dr. Roberts served), that was just the "creative destruction" of capitalism, but now some engineers fall on hard times and the "real collapse' is imminent? If the engineers get real desperate, and are in the right fields (like civil), they can always find work with Cheney's Halliburton in Iraq.

I think WN ought to push the jobs and outsourcing issue big time. It's like a ship of opportunity pulling out of our harbor as the democrats start to realize how badly they've offended their native base. We could have made hay over this except there's still too much "right wing" residue in the "movement"

red-green-brown alliance: key to the future

Why is it that when millions of manufacturing employees were permanently made "redundant" during the Raygun administration (in which Dr. Roberts served), that was just the "creative destruction" of capitalism, but now some engineers fall on hard times and the "real collapse' is imminent?

Class, the most dishonest subject in American life BUT---

This is another thing. One thing us manufacturing stiffs tried to get across to everybody was the concept of "hollowing out". Deadly business, that.

You hollow out a domestic corporation in pieces. First you get foreigners to do sub-assemblies at knock-down rates, which then supplies the company that used to build this stuff in-house. Locally we got an outfit called "American Yazaki" which is Jap owned and run but they hire American kids at the minimum wage to make auto parts which go to Ford, GM and Toyota. Less work goes to the corporations themselves; more Americans get to choose between being a minimum-wage serf or leaving manufacturing altogether.

Then the big stuff comes. Ford or GM sends parts and assembly plants offshore. Mexico, China. This is when the little trickle turns into the big flood. Now it's not just a matter of some Americans being stiffed into working for chump change. Now it's no work at all.

Everybody in my age group (mid-fifties or so) that's been downsized into the street at least once before is looking into such things as "Disability" and SSI and all that. Two reasons: first, we lost whatever shot we had at real pensions when the big cutbacks came. If we want to see any of the money we've paid to ZOG over the years, we'll have to get realistic and get a tiny pension the way illegal aliens do.

And the second reason is, dammit, a horrendous number of us actually got disabled one way or another. I see people in their sixties still pulling their weight and it amazes me, they've lost limbs and have arthritis everywhere but they still punch in and deliver. We're stupid for doing it, but we're production people. At the end of the day we figure we have to add to the tonnage of finished goods in the world; it's a curse.

Either way (back on point) what Paul Craig Roberts and others are pointing out here is that the hollowing out has gone so far that the upper tier of workers and even much of managment is now threatened. It wasn't true when Detroit was dying. Or when Big Steel got killed. It was only the workers then, they got hurt. Managment and the rest got off alright.

Not any more. The process has gone so far that the people who are supposed to be society's winners are getting cut out. Does it mean they'll fight back better than we did? Hope so. But it means something's got to give, because there's not much left to work with in basic industry.

It matters in a good way, I think. Lots of people from skilled trades to mid management and even to sales reps now can stop kidding themselves about the destructive effects of deindustrialization. The last stage of deindustrialization is gonna make the Third World happen in America and it will make it happen fast.

See it as The Last Wake-Up Call. America: Going once, going twice, going three times... sold out forever? It's getting very close. A second term for Bush might be all it takes.

I think WN ought to push the jobs and outsourcing issue big time. It's like a ship of opportunity pulling out of our harbor as the democrats start to realize how badly they've offended their native base. We could have made hay over this except there's still too much "right wing" residue in the "movement"

red-green-brown alliance: key to the future

I agree, enough of the millionaire Krupps and the Thyssens, show me 3 million S.A. front fighters!!!

Either way (back on point) what Paul Craig Roberts and others are pointing out here is that the hollowing out has gone so far that the upper tier of workers and even much of managment is now threatened. It wasn't true when Detroit was dying. Or when Big Steel got killed. It was only the workers then, they got hurt. Managment and the rest got off alright.

FJ, I'm well aware of what Dr. Roberts is saying, and he is correct and persuasive as far as he goes. I am also well aware of his own record. Changing one's policy views based on how they affect people closest to one's general level of education is not the hallmark of an objective commentator (or economist!).

The process has gone so far that the people who are supposed to be society's winners are getting cut out.

Some yes, some no. Some yesterday, some tomorrow. Never so clear-cut.

Does it mean they'll fight back better than we did?

Don't count on it. Bet tons will be voting Republikahn in the hopes that the tax cuts...eventually...will create jobs.

But it means something's got to give, because there's not much left to work with in basic industry.

In the last PCR article I posted he specifically referrred to "social" problems, to which I see no current evidence of resistance, and in any event, he's no sociologist. He very wisely avoided a foray into the balance of payments (which is really what would have to give first), as he full well knows how unpredictable its components are. So long as foreigners are willing to finance US trade deficits, things will most likely go on as before. Under either party. Kohn Kerry's tax incentive to keep jobs onshore won't work unless he can also give a wage incentive. (The US engineeer being willing to work for the salary of an Indian engineer!) The only wake-up call will be that the US engineer will tell his kids to prepare for work in the nontradeable sector (like health care). Just as his assembly line dad told him to go into engineering!

I think this sharp downturn in the markets, with increases in commodity prices, particularly oil, may finally signal the real collapse. It may be real this time, and with no tricks left to pull, to fake a recovery......The engineers I know who have been unemployed for a couple of years are still unemployed, and are running out of the home equity money they extracted to live on........Young men and women I know, many with college degrees, who have never had a real job, are still working in bars. Others have tried the night classes and gotten semi-fake “degrees’ in computer graphics or legal assistance --- all to no avail...House prices can’t go down because the cost of raw materials is going up by twenty percent a year. But, prices can’t go up because all the well paid clones are unemployed........The banks are approaching desperation to get more debt going. I was getting a couple of letters a week offering interest only refinancing. Now they’ve come up with an interest only loan, where you don’t pay all the interest, and the part you don’t pay is added to the balance. I wonder what they will come up with next.......Enkidu

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Maybe there is a way for those boys to hit back at the system, quietly. Maybe they will borrow up to the max on those houses on the illusionary strenght of some inflated appraisals. Then if it looks like there's no hope of getting a job, run of the cc too, and a few months later file bankruptcy. hand the house back to the bank, downsize to an apartment, and walk away with the junk bought off the cc which gets wiped out. LOL

 

The only wake-up call will be that the US engineer will tell his kids to prepare for work in the nontradeable sector (like health care). Just as his assembly line dad told him to go into engineering!

God, yeah, I've seen that already.

Never underestimate the gullible nature of the lotus eaters.

What strikes my circle as different this time is how broad this new mess is. It's no longer sector-specific like the old downsizings were. It's everywhere.

Regardless of the source, it might just be time for a new Steinbeck to do the Grapes of Wrath thing and shine a light on what's going on in working America. Sure it would be political and skewed a certain way. But it would beat the Labor Department lies we've put up with since Clinton's first term.

PCR just may be right about the timing. I can hope.

Regardless of the source, it might just be time for a new Steinbeck to do the Grapes of Wrath thing and shine a light on what's going on in working America. Sure it would be political and skewed a certain way. But it would beat the Labor Department lies we've put up with since Clinton's first term.

Michael Moore?

Michael Moore?

Ugh. Says a lot that it's a choice between Mountainous Mike and nobody.

He's got an international rep. He can use it for something useful if he wants.

Damn this stuff is depressing. The offshoring of tech jobs to India is particularly odious. As is the glut of factories closing down here and moving to Mexico, China, Malaysia, Singapore-all so they can take advantage of countless millions of little dinks and gooks and spics who will work for pennies on the dollar. The downside of the world wide web is that those who work with computers can be anywhere in the world. To a computer, borders and national sovereignty and passports mean nothing.

So the educated dotheads take our tech jobs by the hundreds of thousands in that shithole country of a billion plus brown specks and they live like kings making a fraction of what their white counterpart does in the West. And all he needs is the requisite skills, the ability to speak English, and a computer connected to the internet. The web poses many dangers to white nations in this regard.

These multinational companies that constantly seek to cut wages and find cheaper workers are the lowest of the low. They have loyalty to nothing but the bottom line and their stock prices. Faceless, soulless, rapacious, greedy, beholden to none, without a country; this is corporate kulcha.

And all their advertisements are like multicultural propaganda. Every other ad on the plastic jew or in ZOG's magazines features niggers.

I AM STEAMING MAD AS HELL AT THE JEWS AND THEIR MEDIA AND I'M NOT GOING TO TAKE IT ANYMORE.

I AM TIRED OF THE WORLD WALKING ALL OVER WHITE PEOPLE AND TELLING US THAT WE'RE THE BAD GUYS.

WHEN ARE WHITE PEOPLE GOING TO RISE UP AND PUT A STOP TO THIS SHIT!?!

And all their advertisements are like multicultural propaganda. Every other ad on the plastic jew or in ZOG's magazines features niggers.

There are actually specialized advertizing agencies to appeal to the various "minority" markets: niggers, spics, fags (an extremely "upscale" markt segment). It seems a firm can pick up additional sales by pandering to the diversity crowd without losing a corresponding number of sales to fed-up Whites.