New Visa Law Irks Outsourcing Firms - WSJ.com

LESS AND LESS BUSINESS FRIENDLY AMERICA: New Visa Law Irks Outsourcing Firms - WSJ.com: "- Sent using Google Toolbar"

As with so much of the legislation coming from Congress in recent years, it is subject to the law of unintended consequences for its single-minded ignorance of the need for the US to recognize a larger, global more competitive marketplace.

It's far easier to say "I want laws that keep my job, benefits, etc." - even if the outcome is the company you work for would have to sell at product for $1,000 that competitors make for $200. As seen with the UAW and GM, such policies are wealth destroyers not wealth creators. And, the jobs disappear without good replacements.

Donlan wrote a great piece in Barrons within the last 2 weeks on the need for the US to recognize changes are needed and that the economy will be changing and have to change in a manner a wrenching as that in the 19th century when workers moved from farms to factories.

Sadly, all this legislation, which is putative at best, will just drive business out of the US. Politicians may think that jobs and businesses are stuck in America with its uncompetitive tax and labor policies due to ?????, but it would seem as though the competitive development of the US economy compared to others in the recent economic downturn, would be evidence enough that the US lacks any type of leadership that understands where the US needs to go; rather than where it would like to justify the continuation of where it has been.

Ah well, the drama continues to play and the current scenes seem to drag on more and more. Will November bring a change? It would seem as though the stock market can't decide.