The favorite of the Dems, and for good reason. apparently the U.S. educational system is so abysmally inadequate with respect to basic economics, that the average idiot (and apparently quite a few above average idiots...) cling to the notion that all U.S. jobs are going to India. "Outsourcing" improves standard of living HERE AND ABROAD.
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He also said that offshoring only holds down US job growth in the short run. Over time, he said it is beneficial:
Schultze: In the short run, an increase in offshoring reduces U.S. job growth. But in the long run it improves the standard of living, increases real wages, and increases the country's economic growth.
Schultze is now Senior Fellow Emeritus at the Brookings Institution, with impeccable Democratic credentials. He was President Lyndon Johnson's budget director in the 1960's, and was chairman of President Carter's Council of Economic Advisers back in the late 1970's.
the ultimate irony is that the party that proclaims to be the "protector" of women and children, would rather they starve in other countries than offer them the opportunity to produce something, to have a job. You want to clean up pollution in other countries, encourage ECONOMIC GROWTH. you want to stop child labor? ECONOMIC GROWTH. Terrorism? ECONOMIC GROWTH. If your kid is hungry, you don't give a rats about "the polluted river". All you care about is feeding your kid. What a disgusting country we've become if half the population wants people, who bleed red and love their families and only want a chance, just like you and Me, people in other countries, to STARVE because you have some irrational notion they are "taking U.S. jobs." I challenge you to show me the model you wish to emulate. show me the workers paradise that doesn't allow 'outsourcing" Show me the Median income there. show me the unemployment rate.
The U.S has the highest rate of labor productivity growth of any developed nation. We have that growth because we INNOVATE. You can't continue to grow productivity at over 4% per year if your workers are sewing together under ware. you can only do it so fast. Productivity comes from innovation. In truth, Kerry would have opposed electricity because some candle industry worker would have been "displaced".
The biggest irony of all is that the guy who arguably CREATED the latest "offshoring" boom is one of Kerry's economic advisors, Robby Rubin. Mr. Rubin, in a bid to pump up the market and make himself and his other billionaire lib buddies like Johnny Corzine rich, proposed to jack up the value of the U.S. currency. In senate testimony (google it), he stated that making imports to the U.S. cheap, would "force" U.S. workers to be more productive. You see, they don't pay someone "$1.00 an hour" to work in India. They pay him in RUPIES. The fact that it may equal a $ is because of the EXCHANGE RATE. Pumping up the dollar with intervention by the treasury department in currency markets (which Rubin did REPEATEDLY) makes their labor CHEAPER.
Click here to CATCH A CLUE!!
He also said that offshoring only holds down US job growth in the short run. Over time, he said it is beneficial:
Schultze: In the short run, an increase in offshoring reduces U.S. job growth. But in the long run it improves the standard of living, increases real wages, and increases the country's economic growth.
Schultze is now Senior Fellow Emeritus at the Brookings Institution, with impeccable Democratic credentials. He was President Lyndon Johnson's budget director in the 1960's, and was chairman of President Carter's Council of Economic Advisers back in the late 1970's.
the ultimate irony is that the party that proclaims to be the "protector" of women and children, would rather they starve in other countries than offer them the opportunity to produce something, to have a job. You want to clean up pollution in other countries, encourage ECONOMIC GROWTH. you want to stop child labor? ECONOMIC GROWTH. Terrorism? ECONOMIC GROWTH. If your kid is hungry, you don't give a rats about "the polluted river". All you care about is feeding your kid. What a disgusting country we've become if half the population wants people, who bleed red and love their families and only want a chance, just like you and Me, people in other countries, to STARVE because you have some irrational notion they are "taking U.S. jobs." I challenge you to show me the model you wish to emulate. show me the workers paradise that doesn't allow 'outsourcing" Show me the Median income there. show me the unemployment rate.
The U.S has the highest rate of labor productivity growth of any developed nation. We have that growth because we INNOVATE. You can't continue to grow productivity at over 4% per year if your workers are sewing together under ware. you can only do it so fast. Productivity comes from innovation. In truth, Kerry would have opposed electricity because some candle industry worker would have been "displaced".
The biggest irony of all is that the guy who arguably CREATED the latest "offshoring" boom is one of Kerry's economic advisors, Robby Rubin. Mr. Rubin, in a bid to pump up the market and make himself and his other billionaire lib buddies like Johnny Corzine rich, proposed to jack up the value of the U.S. currency. In senate testimony (google it), he stated that making imports to the U.S. cheap, would "force" U.S. workers to be more productive. You see, they don't pay someone "$1.00 an hour" to work in India. They pay him in RUPIES. The fact that it may equal a $ is because of the EXCHANGE RATE. Pumping up the dollar with intervention by the treasury department in currency markets (which Rubin did REPEATEDLY) makes their labor CHEAPER.
