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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Chispas who wrote (7583)2/11/2004 10:30:54 AM
From: Chispas  Read Replies (1) of 110194
 
"Jobjacking is Good?" - Morning comment by Geo. Ure

A fine example of garbage in, garbage out today from the President's Council of Economic Advisors. They has issued a 400+ page "report" that tries to explain how outsourcing (e.g. sending what should be U.S. jobs to India and other least cost nations) is a good thing. Take a good stiff drink first and click over to post-gazette.com and see if you can figure out just how stealing American jobs so India can have an 8.1% growth rate while 90,000 a week are at the end of their unemployment in the U.S. is a good thing? Seriously, if you can explain it, let me know?
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