What Is the Biggest Loss America Has Suffered?

-------- Original Message --------

Subject:	What Is the Biggest Loss America Has Suffered?
Date:	Fri, 17 Sep 2010 11:46:39 -0700
From:	Jas Jain <jas_jain

What Is the Biggest Loss America Has Suffered?

Most Americans no longer believe that the system is fair. Also, American bankers and financiers have lost credibility, at home and abroad. They still have power but not credibility. For a banker that is a very big loss. The idiotic mantra of "leader of the free world" chit must end and America cannot claim to have any kind of high moral ground, economically or politically, anymore. How things change when moral degradation, driven down from the top, becomes entrenched in a society. East Asians have been lifting themselves up and Americans have been talking an easy slide down. Easy doesn't do it.

Jas

From John Chambers Q&A:
Cisco: Live From The Analyst Meeting, CFO Repeats 12%-17% LT Rev Growth Goal; CEO Chambers To Stay At Least 3-5 More Yrs (Updated)

Q: What about the big cash piles that large cap companies have?

A: We have over $30 billion outside the U.S. There are problems having the highest tax rate in the world in the U.S. I think it would be a tremendous opportunity lost not to bring back the cash, even if you tie it to job creation. Of top 20 companies in the world, we used to have 18, and now in the single digits. Easiest way to generate jobs is to bring back the money, Implore people to do that. Of Fortune 100, we may be only one that is growing headcount in the U.S. by 10%. Repatriation is something we ought to do quickly at the beginning of this calendar year.