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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Suma who wrote (1350)2/10/2004 8:57:11 PM
From: PartyTime  Read Replies (1) of 173976
 
Bush blesses outsourcing to IndiaA
CHIDANAND RAJGHATTA

TIMES NEWS NETWORK[ WEDNESDAY, FEBRUARY 11, 2004 03:41:50 AM]

WASHINGTON: President Bush and his administration have reiterated their commitment to free trade , including explicitly backing the idea of outsourcing to countries such as India .

In his 412-page "Economic Report of the President" transmitted to the Congress on Monday, Bush presented an upbeat prospect for the US economy this year, including creation of 2.6 million jobs and a 4 per cent growth.

But as far as India is concerned, one particular paragraph in the voluminous report will provide great reassurance to a section of the economy. It pertains to outsourcing , the hot button topic of the day, and here is the Bush mantra on the subject in Chapter 12 titled "International Trade and Cooperation."

Specifically referring to India as an example of an outsourcing destination, the Bush report says "when a good or service is produced more cheaply abroad, it makes more sense to import it than to make or provide it domestically."

With that commitment, the Bush administration has effectively thrown its weight behind outsourcing at a time when the several Democratic contenders and sections of the media are beating up on the idea in the face of economic troubles and due to election posturing.

timesofindia.indiatimes.com
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