more on Congressional bill to stop federal financing of offshoring

[Dave Farber <dave () farber net>]

Delivered-To: dfarber+ () ux13 sp cs cmu edu
Date: Thu, 04 Mar 2004 12:51:57 -0800
From: Einar Stefferud <Stef () nma com>
Subject: Re: [IP] Congressional bill to stop federal financing of offshoring
X-Sender: stef () ns1 vrx net
To: dave () farber net
X-Spam-Filtered-At: eList eXpress <http://www.elistx.com/>

Centrally controlled economies have really poor track records!

Reminds me of efforts to Wisconsin.

I well remember how we had to buy margarine by mail order and hand mix
in the yellow coloring because it was against to law there to sell it
any other way.

And, the law required that all apple pie served in any state institution,
like the University of Wisconsin had to be served with a slice of Wisconsin
Cheese.  Most of that cheese went into the garbage because most people did
not want cheese with their apple pie.

This kind of foolishness does not help an economy to grow jobs.  It just
causes stagnation and waste and loss of incentives.

And higher taxes to pay for the waste.

Economies do not thrive under central control.

Economies and Internets do better without central control of details.

And, in the international situation, this is the beginning  of a trade war,
ala the beginning to the 1930's depression, which lasted for approximately
10 years until WW-II finally bailed us out.

BTW, the trade wars were a major aspect of the causes of WW-II.

Cheers...\Stef


>-----Original Message-----
>From: Andreas Ramos <andreas () andreas com>
>Date: Thu, 04 Mar 2004 10:10:19
>To:dave () farber net
>Subject: Congressional bill to stop federal financing of offshoring
>
>NEW YORK (Reuters) - About 50 U.S. House of Representatives members plan to
>introduce a bill on Wednesday that would deny U.S. companies federal
>financing and loan guarantees if they shift U.S. jobs overseas.
>
>It's the first national attempt to deal with the issue of "offshoring," or
>sending U.S. manufacturing and service jobs to lower-cost venues abroad.
>About 20 states have proposed laws that to ban the offshoring of state
>contracts.
>
>For example, the bill would require a US Export-Import Bank loan applicant
>to specify the number of employees in the United States and abroad. If the
>number of non-U.S. workers increases while U.S. worker numbers fall, the
>loan would be canceled.
>
>More at
>http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4489321
>
>yrs,
>andreas
>www.andreas.com
>
>Archives at: http://www.interesting-people.org/archives/interesting-people/

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