Tuesday, February 10, 2004


The Seattle Times: Nation & World: 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.

"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."
I sure hope Bush tries to run on that theory. Losing your job to overseas outsourcing actually helps you. Four more years!

Remember this basic tenant of Republican economics: a rising tide lifts all yachts. Fuck the rowboats.