[internetworkers] Just how stupid *are* you?
dave at matusiak.org
Tue Feb 10 11:31:56 EST 2004
Pretty dense if you're still believing the reports from Washington DC.
Bush report: Sending jobs overseas helps U.S.
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."
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