Inspite of the highly biased coverage this morning before the jobs report being released, CNBC and its commentators did themselves a tremendous disservice in showing their highly optomistic biased views towards the jobs reports and the current economic conditions as they are in reality. Their views were more a-kin to dreaming and wishful thinking than reality. The jobs reports were far worse than terrible and show that the complex issues of this Outsourcing wave, Tax Incentives to Outsource, no jobs in this so-called recovery and other economic evidence just aren't producing anything positive. The AFL-CIO commentator made some very important conclusions: 1) the seed investments in new technology that are tax incented here in the US are being used to grow industries in other countries instead of in the US 2) these trends have crept up from simple (high-school educated) factory jobs into the highly degreed Engineering and Technical jobs sectors 3) the benefits of Walmart's low prices to the US consumer really does not allow those consumers to choose another source retail supplier because of the heavy handed tactics that Walmart uses in forcing their suppliers to move their manufacturing operations offshore, just like Walmart did. We're in deep kimchi here in the US. Last night on one of the business channels, one of the US based firms that provide outsourcing links to India, Ireland, China and other countries was touting that outsourcing has moved even higher upstream into: 1) Investment Banking Research jobs 2) Medical advanced Imagery Analysis and other key high tech sectors not previously discussed. How do you see this being played out? Should the tax incentives to create jobs offshore be continued, revoked or back-dated and revoked? Should these trends be allowed to continue when your own children and neighbors children graduating from college will not have jobs in their degree fields?