No jobs for America- this should piss you off!

Quote:

---

Originally Posted by newracer

It is not that basic. Even if the company is foreign owned they are still using products and services here, fuel, materials, rental equipment, housing, food, etc. A majority of the money still stays here.

---

But a significant portion of the profit after expenses is going overseas...

Profit is a pretty small portion, maybe 15%. I agree I'd much rather a Us company do the work but it really isn't much to get all pissy over. There are many more things fucked up about our government.

GOvernment projects are not productive and are in fact a drain on the economy. The faster they are done and the less they cost the better.

Sounds like a bunch of libs in here, complaining that there aren't enough good, government jobs available.

Quote:

---

Originally Posted by newracer

Profit is a pretty small portion, maybe 15%. I agree I'd much rather a Us company do the work but it really isn't much to get all pissy over. There are many more things fucked up about our government.

---

15% profit would be extraordinarily high in this day and age.

Typical after-tax profit is 1-5%. If you get higher you're either a growing small business or a complete business badass.

Quote:

---

Originally Posted by Pancho Villa

15% profit would be extraordinarily high in this day and age.

Typical after-tax profit is 1-5%. If you get higher you're either a growing small business or a complete business badass.

---

I recently worked for a company with an entire division dedicated to government contracts. Needless to say, we did a ton of work for them. Our GP was much higher than that on every single project.

I don't like seeing our government outsource offshore instead of creating jobs here, but it doesn't matter much because even if American companies had gotten the work, they would outsource it through India or China anyway. The profit would stay here, but the jobs would still go overseas.

Quote:

---

Originally Posted by Pancho Villa

GOvernment projects are not productive and are in fact a drain on the economy. The faster they are done and the less they cost the better.

Sounds like a bunch of libs in here, complaining that there aren't enough good, government jobs available.

---

It's GOVERNMENT CONTRACT to CIVILIAN companies. I have friends in construction and they love Government contract jobs.

And these jobs listed in the news bit are not "projects," they're infrastructure. But you sound like you want our roads to crumble and our bridges to collapse. [Shake]

One more reason to vote Obama out....along with every senator, and house member who continues to drive this country into the toilet.

Quote:

---

Originally Posted by Byte Stryke

um, He not only approves of it, he probably planned it.

who do you think is pulling the strings of the guy pulling Obeyme's strings?

---

+1 Based on previous history and behavior, I don't doubt that Beeho is behind this. That said, Kalifornia is full of lots of libs-in-charge these days to make these type of wrong decisions without any help whatsoever...

Singlestack

Quote:

---

Originally Posted by newracer

It is not that basic. Even if the company is foreign owned they are still using products and services here, fuel, materials, rental equipment, housing, food, etc. A majority of the money still stays here.

---

This is not necessarily accurate when dealing with Chinese. They are particularly frugal when it comes to spending disposable income. They will not spend a cent over the basic cost to survive and the rest will go to China where they can get ten times the spending power for every dollar earned. Similar to how a 80K job in Iowa buys a nice house, nice cars and a decent standard of living, but in Comiefornia you will be renting in the ghetto.

Here is a little fun fact I found out the other day. Boulder county will not be spending any more money to repair roads because they are out of money for the fiscal year. This is because they spent all of the money to build a research center for open space preservation, and studied prairie dog towns so they could better protect their fragile habitat. I almost shit my pants when I was told this.

Being a Chinese owned company...I wonder how well the job is done. Where they are cutting corners. Look to Chinas construction and then start looking at this.