Smirky hearts outsourcing

[deminks]

Bush sees the bright side of outsourcing

http://www.journalstar.com/articles/2006/02/22/business/doc43fcec6a5f768277949942.txt

WASHINGTON — President Bush found a bright side to outsourcing Wednesday, saying that the loss of U.S. jobs to foreign countries helps create markets for American business.

“It’s true that a number of Americans have lost jobs because companies have shifted operations to India,” he said in a speech previewing his trip next week to India and Pakistan. “We must also recognize that India’s growth is creating new opportunities for our businesses and farmers and workers.”

“India’s middle class is now estimated at 300 million people,” he said. “That’s greater than the entire population of the United States. And this middle class is buying air conditioners, kitchen appliances and washing machines — and a lot of them from American companies.

But even with India’s growing prosperity, Americans buy more goods from India than they sell to Indians. The United States had a $10.8 billion trade deficit with India last year, because even though U.S. exports to India have been steadily increasing, imports from India have risen more.

[tanyev]

1. If only we could outsource him. *sigh*

[Peanutcat]

2. Who'd take him?

I mean, really . . . . .

[The_Casual_Observer]

3. It doesn't really work that way. The wage, environmental,

and regulatory rules makes it impossible for US companies to compete with 3rd world countries. The playing field it tipped 90 degrees in their favor, it isn't in jr's interest to acknowledge it, his support is from multinationals that benefit from the imbalance.