HP to slash approximately 15,000 jobs

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re: That's funny, 'cause you folks had no problem blaming Clinton...

I did not blame Clinton for anything. If you think I did, the please provide a quote where I blamed Clinton for anything. If you're going to take the time to respond then at least respond intelligently. Give us something to think about instead of partisan dribble.

Further, just because other idiots from a previous era apparently, as you say, "... had no problem blaming Clinton for *ABSOLUTELY EVERYTHING*", does not justify blaming Bush for everything. Two wrongs do not make a right. So unless you want to be considered an idiot (and I am not calling you one), again, cut the partisan dribble. It serves no one, including yourself.

Regarding job losses in general from Alan Greenspan:

"
Those who have lost jobs, I know, are not readily consoled by the fact that current job insecurity concerns are not new. But keeping the current period in context is instructive. Jobs in the United States were perceived as migrating to low-wage Japan in the 1950s and 1960s, to low-wage Mexico in the 1990s, and most recently to low-wage China. Japan, of course, is no longer characterized by a low-wage workforce, and many in Mexico are now complaining of job losses to low-wage China.

To be sure, many of our fellow citizens have experienced real hardships in our economic environment, which is becoming ever more internationally competitive. But the protectionist cures being advanced to address these hardships will make matters worse rather than better.

The loss of jobs over the past three years is attributable largely to rapid declines in the demand for industrial goods and to outsized gains in productivity that have caused effective supply to outstrip demand. Protectionism will do little to create jobs; and if foreigners retaliate, we will surely lose jobs. We need instead to discover the means to enhance the skills of our workforce and to further open markets here and abroad to allow our workers to compete effectively in the global marketplace.
"

The above quote is from "Remarks by Chairman Alan Greenspan: The critical role of education in the nation's economy", at the Greater Omaha Chamber of Commerce 2004 Annual Meeting, Omaha, Nebraska
February 20, 2004. The full article is at:

http://www.federalreserve.gov/boarddocs/speeches/2004/200402202/default.htm

Posted by: tmostyn   Posted on: 07/21/05 You are currently: a Guest | Members login | Terms of Use

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