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Reply #4: THIS is what he SAID.. [View All]

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Sagan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-17-04 06:13 PM
Response to Original message
4. THIS is what he SAID..
Edited on Tue Feb-17-04 06:16 PM by Sagan
(from the Washington Post)

As Mankiw released the annual Economic Report of the President, he said Monday that the "offshoring" of U.S. service jobs is only "the latest manifestation of the gains from trade that economists have talked about" for centuries.

"Outsourcing is just a new way of doing international trade," Mankiw told reporters. "More things are tradable than were tradable in the past and that's a good thing."


That sounds like lauding job losses in America to me!
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