To: American Spirit who wrote (1497 ) 2/11/2004 2:06:21 AM From: Raymond Duray Read Replies (2) | Respond to of 173976 BUSH DESTROYING HIMSELF ON "OUTSOURCING" No one in America with a job on the line is going to vote for a moron like George Bush who is delighted to ship his citizens jobs overseas and lives into the dumpster diver set... President Bait-And-Switch, caught telling yet more lies.... azcentral.com Bush report lauds 'outsourcing' jobs Work coming, president says [[RGD: Guffaw! Yeah, right, jobs standing at street corners washing windshields for spare change... ]] Warren Vieth and Edwin Chen Los Angeles Times Feb. 10, 2004 WASHINGTON - The movement of American factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said Monday. ROTFLMAO!! The embrace of foreign "outsourcing," a trend that has contributed to U.S. job losses and become a campaign issue, is contained in the president's annual report to Congress on the health of the U.S. economy. "Outsourcing is just a new way of doing international trade," said N. Gregory Mankiw, chairman of Bush's Council of Economic Advisors, which prepared the report. "More things are tradable than were tradable in the past. And that's a good thing." The report, which predicts that the nation will reverse a three-year employment slide by creating 2.6 million jobs in 2004, is part of a weeklong effort by the administration to highlight signs that the recovery is picking up. Bush's economic stewardship has become a central issue in the campaign. The White House is eager to demonstrate that his policies are producing results. In his message to Congress Monday, Bush said the economy "is strong and getting stronger," thanks in part to his tax cuts and other economic programs. He said the nation had survived a stock market meltdown, recession, terrorist attacks, corporate scandals and war in Afghanistan and Iraq, and was finally beginning to enjoy "a mounting prosperity that will reach every corner of America." [[Mostly, it has barely survived George Bush!]] Bush repeated that message during an afternoon "conversation" on the economy at SRC Automotive, an engine-rebuilding plant in Springfield, Mo., where he lashed out at lawmakers who oppose making his tax cuts permanent. "When they say, 'We're going to repeal Bush's tax cuts,' that means they're going to raise your taxes, and that's wrong. And that's bad economics," he said. Bush's 411-page report contains a detailed diagnosis of the forces contributing to America's economic slowdown and a wide-ranging defense of the policies Bush has pursued. It asserts that the last recession began in late 2000, before the president took office, not March 2001, as certified by the official recession-dating panel of the National Bureau of Economic Research. Much of the report repeats the administration's previous economic prescriptions. It says that the Bush tax cuts must be made permanent to have full beneficial effect. Social Security must be restructured to let workers put part of their retirement funds in private accounts, the report argues. That could add nearly $5 trillion to the national debt by 2036, the president's advisers note. Additional borrowing would be repaid 20 years later. The program's long-term health would be more secure. The report devotes an entire chapter to an issue that has become troublesome for the administration: the loss of 2.8 million manufacturing jobs since Bush took office. Critics claim that his trade policies are partly to blame. His advisers acknowledge that international trade and foreign outsourcing have contributed to the job slump. The report argues that the ability to produce more goods with fewer workers has played a bigger role than the flight of production to China and other low-wage countries.