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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (537804)	2/9/2004 8:28:18 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769670

Bush really desperate now. Dems are going to have a field day with this. As Steven Roach's editorial today states, these jobs which are exported "for the betterment of the US" <wink wink> aren't going to produce real tactical benefits for 5 years or more. What happens in the meantime? LOL. Report: Exporting Jobs Overseas Will Help U.S. The report acknowledges that international trade and foreign outsourcing have contributed to the job slump. But it argues that technological progress and rising productivity — the ability to produce more goods with fewer workers — have played a bigger role than trade. Although trade expansion inevitably hurts some workers, it says, the benefits will eventually outweigh the costs as Americans are able to buy goods and services at lower costs and as jobs are created in growing sectors of the economy. The report endorses the relatively new phenomenon of outsourcing high-end white-collar work to India and other countries, a trend that has created concern within affected professions such as computer programming and medical diagnostics. "The gains from trade that take place over the Internet or telephone lines are no different then the gains from trade in physical goods transported by ship or plane," it says. "When a good or service is produced at lower cost in another country, it makes sense to import it rather than to produce it domestically." latimes.com