An interesting story came out today
Bush economic report praises 'outsourcing' jobs
in the article
The movement of U.S. 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 become an issue in the 2004 elections, is contained in the president's annual report to Congress on the health of 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."
Amazingly THE emerging job issue of the 2004 campaign. One issue that is effecting white collar workers as much as blue collar and the Bush adminstration thinks this a good thing!
This reminds me of a defining moment of the 1992 election when Geroge Bush Sr.Visiting the exhibition hall of the National Grocers Association convention and was amazed at grocery scanners that had been in use for early as 1976, and have been in general use in American supermarkets for a decade.
This showed that Bush was out of touch with the daily concerns of ordinary Americans and help contribute to his defeat to Clinton.
As Edwards says in the article "These people,what planet do they live on? They are so out of touch"