Politics : Feed the body politic

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Comments by: YACCS

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Tuesday, February 10, 2004



Bush report: Sending jobs overseas helps U.S.

This is just too damn sad and pathetic to allow the Bush Regime to remain free men in charge of destroying America;

WASHINGTON — The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.

The embrace of foreign "outsourcing," an accelerating trend that has contributed to U.S. job losses in recent years and has become an issue in the 2004 elections, is contained in the president's annual report to Congress on the U.S. economy.

"Outsourcing is just a new way of doing international trade," said N. Gregory Mankiw, chairman of Bush's Council of Economic Advisors, which prepared the report. "More things are tradable than were tradable in the past. And that's a good thing."

<snip>

Democrats who want Bush's job were quick to challenge his claims.

Campaigning yesterday in Roanoke, Va., Sen. John Kerry of Massachusetts, the front-runner for the Democratic presidential nomination, questioned the credibility of the job-creation forecast.

"I've got a feeling this report was prepared by the same people who brought us the intelligence on Iraq," he said. "I don't think we need a new report about jobs in America. I think we need a new president who's going to create jobs in America."
 

In an evening appearance at George Mason University in Fairfax, Va., Sen. John Edwards of North Carolina said it would come as a "news bulletin" to the American people that the outsourcing of jobs overseas is good for the country.

"These people," he said of the Bush administration, "what planet do they live on? They are so out of touch."

<snip>

Since the Great Depression, it has never taken this long for the economy to begin creating jobs after emerging from a recession. After the last recession ended in 1991, it took 14 months for employment to begin expanding. Current problems with the economy have gone on nearly twice as long, 26 months.

Sort of like 19th century England without those unsightly mills and factories - they'll be out of sight in the third world instead.  High-schools and junior colleges should start preparing young people for their future. Classes on proper dress and behavior for the servant class should be offered promptly. Gotta dig out those old Upstairs/Downstairs tapes.

[Via Seattle Times



categories: Politics
Other Stories according to Google: Taipei Times - archives | Taipei Times - archives | HollandSentinel.com -Technology firms defend sending jobs overseas | DailyBulletin.com - Business | ABC News 4 Charleston - Tech Firms Defend Moving Jobs Overseas | mcall.com - High-tech industries say it's OK to send jobs overseas | HoustonChronicle.com - Uproar grows on moving jobs overseas | HoustonChronicle.com - Uproar grows on moving jobs overseas | Overqualified, Underexperienced | [FRIAM] IHT: Technology firms defend moving US jobs overseas


2:25:50 PM    


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