SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (8616)3/17/2004 3:00:34 PM
From: tsigprofit  Read Replies (1) | Respond to of 20773
 
POWELL ADMITS BUSH SUPPORTS OUTSOURCING

Last month President Bush strongly endorsed (1) the loss of U.S. jobs to foreign labor markets, personally signing a report (2) that touted overseas outsourcing despite more than 8 million (3) Americans being out of work. After the public reacted with outrage, the White House tried to back off (4) its endorsement of outsourcing, with the president reassuring America that he is concerned about "people looking for work because jobs have gone overseas" (5) and saying that "we need to act to make sure there are more jobs at home." However, as the controversy subsides, the president is apparently endorsing outsourcing once again.

Specifically, the president has deployed Secretary of State Colin Powell (6) to India "to assure Indians that the Bush administration would not try to halt the outsourcing of high-technology jobs to their country." The admission came despite a new study showing that up to 14 million American jobs (7) could be lost to outsourcing in the coming years. Instead of endorsing congressional action (8) to prevent such a tide of lost jobs,"the White House endorsed Mr. Powell's comments" that outsourcing is just "a natural effect" that cannot be stemmed.

The president's support for outsourcing is less puzzling when considering who is funding his campaign. As an earlier Daily Mislead (9) report showed, the president's campaign pocketed more than $440,000 and his party more than $3.6 million from the companies that are most exploiting outsourcing to ship U.S. jobs overseas.

daily.misleader.org/