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2010 California Election Candidates
Jorge Said:
I see dead people...?We Answered:
now you know how owe bama got elected....Charlene Said:
If Nancy Pelosi was running for congress in your district, do you believe she would win? Why or why not?We Answered:
Incumbents (those already in office) win 90% of the time. Therefore, if she was in your district as an Incumbent, she would likely win.If she was not an incumbent and running in your district for the first time, she would very likely lose-- as her approval ratings are below fmr. VP Cheney.
Dana Said:
W/o a message why are Democrats lying about Conservatives outsourcing jobs overseas?We Answered:
We studied this in our political science classes. Back in 2004, there was a mini-tariff war stated with Europe. What happened was that the Euro was trading very high against the dollar (sorta where it is now). Because the dollar was so weak against the Euro, American goods were incredibly cheap compared to their European counterpart. To balance out the price of goods so that European goods could compete with their cheaper American counterparts, the EU imposed a tariff on American goods. This hurt American sales in Europe and by act of congress, we amended our tax law such that American companies would not pay taxes on products and services shipped overseas. This was great for American products sold overseas because the profits realized there would not be subject to taxes; however, this permitted companies to escape paying taxes on goods also manufactured overseas, or services outsourced overseas. Furthermore, employees of American companies overseas would not be subject to personal income tax.Companies began building plants and office buildings overseas where cheap labor and lower taxes could be found and this is when outsourcing began.
While outsourcing took jobs away from Americans, the reversal would most likely hurt our economy. Our corporations invested significant capital in moving their operations overseas. They are effectively entrenched there now. By raising taxes on corporations, they will realize substantial losses and jobs will take about a decade to come back here. Companies are faced with either destroying their profits by keeping jobs overseas, or recognizing a loss by abandoning their overseas factories.
The Bush administration and the Republican congress crafted the tax code to encourage businesses to ship jobs overseas. Our economy became structured around it. It is impossible to reverse the situation without damaging the economy. Nevertheless, the tax loophole was closed in 2010 with the Hiring Incentives to Restore Employment Act. Republicans in congress voted against it. It is true, the bill will hurt the economy, but they fail to mention that their previous members created the problem and they have no viable solution to correct it.
Unfortunately, there is no sure way of stopping jobs from going overseas without destroying our economy. True, the Republicans put us in this mess, but the democrats aren't getting us out of it. The democrat's bill to stop the practice was passed months ago, so we can expect a longer recession and gouged corporate profits. Unprofitable companies don't hire more Americans.
Both democrats and republicans are disingenuous concerning this topic. They have both destroyed America with their policies and solutions.