You won't find this in the pollyana mainstream media. You sure as hell won't hear it on CNBC which is owned by GE. Because Obama's new jobs czar, Jeffrey Immelt of GE- absolutely loves China. And like every other greedy bastard in this country- he can't get enough slave labor here and he damn sure doesn't wanted to get priced out of those fat and juicy margins in China.
You will love the snip on Apple. I had no idea they built all of those Iphones in Asia. Or that they could do it here and still make a profit of 50%. I am going to have to rethink my fondness for Apple and for Steve Jobs.
At any rate, this is what you get when you have an inexperienced man as a President-one that presents a job killing piece of health care legislation at the precise moment when we need jobs the most. The law of unintended consequences is on display here.
Five stars to naked capitalism for this piece- the best I've read this year. http://www.nakedcapitalism.com/2011/01/john-bougearel-claims-the-job-market-will-boom-are-entirely-unsubstantiated.html