Related Articles
Administration Finds Good News In Job Flight Overseas February 12, 2004 Sending jobs overseas is a good thing. An economic recovery without broad-based job opportunities is no problem. Who thinks so? The White House in its annual Economic Report of the President. The chairman of the White House Council of Economic Advisors said on February 9 that the recent flight of jobs overseas is "the latest manifestation of the gains from trade that economists have talked about" for centuries. "Outsourcing is just a new way of doing international trade," said Bushs chief economic advisor, N. Gregory Mankiw. "When a good or service is produced more cheaply abroad, it makes more sense to import it than make or provide it domestically." He also brushed aside those who voice concern over the staggering trade imbalance with China, one of the largest manufacturers in the world, saying that the Asian country has not played a significant role in U.S. manufacturing losses. The words seem to reveal an unbelievably callous attitude toward the 2.9 million jobs that have been lost under the current administration. "Its outrageous that despite one of the worst job creation records in history and despite the 9.9 million Americans still out of work in our jobless recovery, the Bush administration has blessed sending more jobs overseas," said AFL-CIO President John Sweeney. "President Bushs Economic Report puts this administrations fingerprints all over our nations deepening jobs crisis as it gives giant corporations a green light to continue sending good jobs overseas."
|
|
Industrial
Trade Workers Mobilize on Capitol Hill