In the news today, Citibank reports it's cutting 17000 jobs. They also say they are moving some jobs to lower cost locations.

So, they are moving some operations to where they don't have to pay people as much as Americans demand. I agree that they should be able to cut costs if they can, and if we would like to be competitive in the global market of labor, Americans should expect less pay if someone else is willing to. However, it seems to me Citibank is jumping ship, so to speak.

They kept these operations in the United States... Let me start again. Companies in the United States love to take advantage of the benefits our government affords business, incentives to start and do business here. These incentives come in the form of tax breaks. There may be other incentives, but the main incentives are tax breaks. Which means, they are allowed to forgo a portion of their FAIR share in order to encourage commerce and growth in our economy. This is the whole purpose behind the incentives, they are TAXPAYER INVESTMENTS. So, we have basically invested in these companies such as Citibank and Haliburton, under the assumption that there would be growth in the companies, which equates to jobs for Americans and a healthy economy. Following this reasoning, and I believe it is sound reasoning, these companies are skipping out on their part of the bargain. They have sucked all they could out of American taxpayers, now it's time to find suckers in another country to soak.