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View Diary: Bain: Outsourcing IS Offshoring (109 comments)

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  •  Here is how understood their explanation (1+ / 0-)
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    Americans lag behind other modern nations in science, math, and reading comprehension. Now we learn from Mitt Romney, who like President Bush has an MBA in business, Americans don’t understand economics either. While many Americans lost jobs because their employer moved those jobs overseas, Americans don’t differentiate between “outsourcing” and “off-shoring” jobs.

    The Romney campaign explained that building a factory in a foreign country to make products that American workers were making is off-shoring. When companies hire people in foreign nations to do work Americans were doing, that is outsourcing. Sometimes these are good and sometimes they are bad.

    Specifically, when Romney’s Bain Capitol financed companies pioneering in off-shoring and outsourcing it was good. Likewise the Ryan bill that protects tax breaks for moving jobs overseas is good. If an Obama policy results in jobs moving overseas, that is bad and hurts America workers.

    Hopefully this clears up the difference between outsourcing and off-shoring and why Governor Romney’s way is good and President Obama’s is bad.

    I don't know what consciousness is or how it works, but I like it.

    by SocioSam on Wed Jun 27, 2012 at 09:25:45 AM PDT

    •  Think Of It As 'Offshore Outsourcing' (0+ / 0-)

      Versus 'Onshore Outsourcing' (offshoring is sometimes referred to as 'offshore outsourcing').

      I oppose the practice of 'offshore outsourcing' and have for decades now.

      I don't necessarily oppose 'onshore outsourcing' because it can be either a net positive or a net negative.

      I get the sense that Axelrod and Plouffe are flailing around here trying to find something else, anything else, to talk about then the current state of the economy -- if they are going to hang their hat on 'outsourcing is inherently bad' ... well ... good luck with that.

      I won't be coming home tonight, my generation will put it right - Genesis 9:3

      by superscalar on Wed Jun 27, 2012 at 09:35:26 AM PDT

      [ Parent ]

      •  It's almost NEVER a net positive (2+ / 0-)
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        a2nite, kurt

        for workers.

        By definition.

        Fewer benefits, lower standard of living. That's why they outsource.

        To pretend otherwise is just a lie, as you very likely know.

        Dems have a huge winner in this issue, because American workers know how it actually works from experience.

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