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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRon Johnson: Outsourcing "Quite Beneficial to America"
http://www.uppitywis.org/blogarticle/ron-johnson-outsourcing-quite-beneficial-americaThe Global Economic Intersection estimates that over the last the last couple of decades the United States has lost over 30 million manufacturing jobs due to our enoromous trade imbalance-- we buy much more from foreign countries than we sell to them. Using the GEI's conservative estimate of jobs exported, if those jobs had not been exported, we would have "unemployment of 4.4% and we would be complaining of labor shortages."
Warren Buffett has sounded similar alarms about the trade deficit, saying it is "selling the nation out from under us" and that if we balanced our trade deficit the trend of diminishing manufacturing jobs would be reversed and the number of manufacturing jobs would grow.
Senator Ron Johnson, however, has a different view. He thinks that outsourcing of our manufacturing plants is "quite beneficial to America" and claims that for every one job that is outsourced, two are created back home:
Warren Buffett has sounded similar alarms about the trade deficit, saying it is "selling the nation out from under us" and that if we balanced our trade deficit the trend of diminishing manufacturing jobs would be reversed and the number of manufacturing jobs would grow.
Senator Ron Johnson, however, has a different view. He thinks that outsourcing of our manufacturing plants is "quite beneficial to America" and claims that for every one job that is outsourced, two are created back home:
Hey, RoJo, where are those two jobs?
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Ron Johnson: Outsourcing "Quite Beneficial to America" (Original Post)
Scuba
Aug 2014
OP
hobbit709
(41,694 posts)1. "Beneficial to America"-TRANSLATION-Beneficial to the 1% assholes like him
Us serfs can starve
bigdarryl
(13,190 posts)2. Is he up for reelection this year
What a idiot
Scuba
(53,475 posts)3. He rode in on the teabilly wave in 2010 so we're stuck with him 'til 2016.
dragonlady
(3,577 posts)4. Not until 2016, unfortunately
There are rumors that Russ Feingold wants to get back to the Senate (he could return at his former seniority too!).