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To: yard_man who wrote (6161)	1/25/2004 9:46:45 PM
From: mishedlo	Respond to of 110194

exactly tip. You are thinking clearly these day. Hope all is well with you. Mish

To: yard_man who wrote (6161)	1/25/2004 9:47:47 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

US Senate passes law against outsourcing In the first federal law against outsourcing, the US Senate on Thursday night passed a law barring doling out sub-contracts to India and other countries by American companies to cut costs. The legal measure, originally sponsored by Republican Senator from Ohio George Voinovich and others, was included in a $328billion spending bill passed by the Senate. Under the measure, when the US federal government gives contracts to an American firm, the latter cannot subsequently give sub-contracts to a source outside the United States. ======================================================================== Here is the Mish prediction on the law of unintended consequences (depending on how airtight the bill is) 1) Costs just dramatically rise and the intention of the bill is honored (not a great thing really) 2) Or.... Costs just dramatically rise and the US company awarded the contract outsources to another US company who in turn outsources to India and China. This not only costs jobs but we pay more for it too. Either way we lose it seems but I predict the winner, some how some way is #2 M