Posts Tagged ‘Multilateral Cooperation’

Is this the solution to our economic problems?

Friday, February 20th, 2009
trading workshops
going postal asked:

Bush Outsources Deficit
April 1, 2008

AP Washington, DC — The White House announced today that President Bush will be sending legislation to Congress to outsource the deficit.

“Outsourcing is the solution to all of America’s problems,” said President Bush. “If it worked for Andersen and McKinsey, it works for me.”

Bush’s announcement is a dramatic extension of the Administration’s growing support for offshore outsourcing, an increasing trend that has moved hundreds of thousands of jobs in manufacturing and service sectors from the U.S. to lower wage countries. In December, the Commerce Department hosted workshops at the 2007 Economic and Trade Conference to train American companies in outsourcing and to specifically encourage the exportation of jobs to China.

In February, the President’s Chief Economic Advisor said the “movement of U.S. factory jobs and white-collar work to other countries is a positive transformation.”
On an official trip to India in March, Secretary of State Rice promised that the Administration would continue to support the outsourcing of American jobs.

How outsourcing works for America Bush also explained why the world must take responsibility for America’s deficit. “Why should every kid born in America be stuck with $35,000 in debt — when we can just outsource it and stick it to every kid on the planet?”

President Bush also indicated that outsourcing the deficit could help support multilateral cooperation in the war on terror. “And make sure that other countries pick up the tab for the war on terror — that’s multilateral cooperation for ya’!”

President Bush’s new plan flies in the face of Democrats’ criticisms that providing economic incentives for companies to outsource risks America’s prospects for economic recovery.
I didn’t make this up, I am just referencing an actual story

Gloria