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Bush: Outsourcing painful, but remedy is worse
CNN.com ^ | Friday, March 3, 2006 Posted: 1640 GMT (0040 HKT)

Posted on 03/04/2006 2:25:11 PM PST by Gengis Khan

NEW DELHI, India (CNN) -- Praising India's expanding economy, President Bush warned Friday that fears about job outsourcing to other nations should not prompt the United States to limit global trade. "It's ... important to remember that when someone loses a job it's an incredibly difficult period for the worker and their families," Bush said in a speech in New Delhi. "It's true that some Americans have lost jobs when their companies move their operations overseas," he said. "Some people believe the answer to this problem is to wall off our economy from the world through protectionist policies. I strongly disagree."

(Excerpt) Read more at edition.cnn.com ...


TOPICS:
KEYWORDS: bush; gwot; india; indiavisit; jihad; outsourcing; pakistan; terrorism
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To: dfwgator
Any measure of economic freedom must also factor in property rights. I don't think China would score very high in that area.

Exactly. The Chinese have a "leasing" system, since people can't own property (China is Communist for those who have forgotten), you can only lease it. You have rights to certain property for given amount of years, like 100 years or something. Similar to Intellectual Property rights like patents. But we all know how well IP is being handled in China right now. But I think there has been greater protection over the past 5 years. Less piracy on the streets too.
221 posted on 03/04/2006 8:30:05 PM PST by gogoman
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To: rcocean
What part of posting factual history makes me a member of the "American Last" crowd?

Why should I move to Mexico? I have a maid and a platoon of gardeners here.

222 posted on 03/04/2006 8:31:33 PM PST by nopardons
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To: rcocean

Oh, and BTW, my gardeners are all Americans, white, and don't speak Spanish.


223 posted on 03/04/2006 8:32:26 PM PST by nopardons
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To: nopardons

LOL!


224 posted on 03/04/2006 8:32:56 PM PST by ScreamingFist (Annihilation - The result of underestimating your enemies. NRA)
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To: snowsislander
It is a 0.2% difference! Does Japan use the same stringent methodology to measure the unemployment rate as we do? I know that the European countries use a less stringent method to measure or else their real unemployment rate will be even larger than what is now.
225 posted on 03/04/2006 8:33:46 PM PST by jveritas (Hate can never win elections.)
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To: Lorianne
We cannot wall off our economy any longer. It's a new world. Compete or fall by the wayside. It's harsh but it's the reality.

BS. How can we compete with our hands tied behind our backs by high taxes and regulations. Don't get me wrong I'm in favor of open and fair trade (not free trade agreements which usurps our Constitution) but with corporations paying out the behinds for BS corporate taxes that they only shrug and pass onto the consumer. Our policies are so screwed up.

226 posted on 03/04/2006 8:34:57 PM PST by Extremely Extreme Extremist (We're Americans, we can do anything)
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To: jveritas
It is a 0.2% difference!

Japan is far more protective of its domestic industries than the US. It also has a low unemployment rate. Again, low unemployment is related to domestic economic policies not to international trade.
227 posted on 03/04/2006 8:35:53 PM PST by gogoman
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To: Owen
There is a handful of very recent active posters trying to turn FR into a liberal supporting website.

You and MNJohnnie, for starters....

228 posted on 03/04/2006 8:38:29 PM PST by Extremely Extreme Extremist (We're Americans, we can do anything)
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To: gogoman

In the last two years the US has created more jobs than Japan, Canada, Germany, Great Britain, France, and Italy combined.


229 posted on 03/04/2006 8:39:05 PM PST by jveritas (Hate can never win elections.)
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To: gogoman
I don't "ramble", neither was my post a "rant"; just signed up today, n00b.

The whole FORTRESS AMERICA stuff is a sham. The protectionist want all kinds of job guarantees and benefits. Just look at the posts on this thread, made by you and the others on your side.

230 posted on 03/04/2006 8:40:27 PM PST by nopardons
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To: Extremely Extreme Extremist

It's getting so obvious that even I can't ignore it.....


231 posted on 03/04/2006 8:41:06 PM PST by ScreamingFist (Annihilation - The result of underestimating your enemies. NRA)
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To: Do not dub me shapka broham
You didn't reply to a single point in my rely. All you did was post your own propaganda, to further your own unsupportable agenda.
232 posted on 03/04/2006 8:43:42 PM PST by nopardons
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To: CheezyD
The US government doesn't owe you a job.

No, they don't, but you know what? They need to get the F out of the way so that the risk-takers, the entrepeneurs, and the investors can be unleashed and create the jobs in this country.

When you have corporate tax rates approaching 40%, double-taxation of capital-gains, SS/Medicaid/Medicare, payroll taxes, and whacked-out environmental and labor laws, then you better believe we're going to "whine" and complain about it, because it's BS and it only hurts us in the long run. Factories are closing down because of this. We can compete with anyone, I know that. But how can we when these socialist programs and laws are in place that impedes us?

233 posted on 03/04/2006 8:43:48 PM PST by Extremely Extreme Extremist (We're Americans, we can do anything)
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To: nopardons

Cool. Glad you have all that hired help.

You seem to quite proud of your wealth.

Too bad your "I'm all right jack, screw you" philosophy is a recipe for disaster - both this for this country and the Republican party.


234 posted on 03/04/2006 8:43:52 PM PST by rcocean (Copyright is theft and loved by Hollywood socialists)
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To: ScreamingFist

You're easily amused. ;^)


235 posted on 03/04/2006 8:44:37 PM PST by nopardons
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To: Extremely Extreme Extremist
In other news, we now have FReepers ,with maids and gardeners, that just happen to hang out on FR (night and day) that can expunge on the terrible consequences of NON-globalism, as they profess that all their hired help is.....white. You can't make this up, LOL!
236 posted on 03/04/2006 8:46:40 PM PST by ScreamingFist (Annihilation - The result of underestimating your enemies. NRA)
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To: rcocean
I'm not "proud" of it; just replied to your silly statements, in your post to me.

I wish that EVERYONE would do well. Sadly, you don't.

237 posted on 03/04/2006 8:48:22 PM PST by nopardons
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To: ScreamingFist

Got that right!


238 posted on 03/04/2006 8:49:57 PM PST by Extremely Extreme Extremist (We're Americans, we can do anything)
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To: Rembrandt
While unions continue to strangle the economy and various mfrs' ability to compete,

Unions use the same mechanisms to influence American politics as various mfrs do. When corporations stop being granted rights as citizens, unions will also. Mfrs' are not willing to give up that influence over politicians, so they have to allow unions to exist as a political entity just as corporations are, with the same kind of influence over politicans as corporations have. In a Constitutional government, corporations or ngos or unions don't have power as citizens do. Return to constitutional government and every citizen wins.
239 posted on 03/04/2006 8:53:22 PM PST by hedgetrimmer ("I'm a millionaire thanks to the WTO and "free trade" system--Hu Jintao top 10 worst dictators)
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To: jveritas
It is a 0.2% difference! Does Japan use the same stringent methodology to measure the unemployment rate as we do? I know that the European countries use a less stringent method to measure or else their real unemployment rate will be even larger than what is now.

Here's a graph for the Japanese unemployment rate from 2003 to present:

The BLS system unfortunately doesn't seem to have a good way to make sure that if I use one of their graphs that you will actually see the same graph, so here is the same data for the U.S. in both graphic and tabular form just to be sure:

Series Id:           LNS14000000
Seasonal Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.9 5.7  
2004 5.7 5.6 5.7 5.5 5.6 5.6 5.5 5.4 5.4 5.4 5.4 5.4  
2005 5.2 5.4 5.1 5.1 5.1 5.0 5.0 4.9 5.1 4.9 5.0 4.9  
2006 4.7                        

As you can see from the data, over the last two years generally Japan's unemployment rate has been more than 0.2% below ours. For instance, in 2005, Japan's unemployment rate never exceed 4.6%, whereas ours was generally about 5.0%, with lows of 4.9% in August, October, and December.)

As to stringency, well, actually, I don't think either the U.S. or Japan uses a particularly stringent method (in fact, I think Germany's new methodology for calculating unemployment rates could be considered more stringent than either Japan's or the United States' and it is currently 12.2%), but I believe that the U.S. and Japanese methodologies are now not all that far different with the latest revisions to the Japanese system. While I always have exactly the same question as you raised about how comparable rates actually are, I have less concern now about comparing the U.S. and Japanese rates.

Unfortunately, I don't have time presently to dig out the description of the exact methodologies for you, but both are available on government websites (for the U.S., it would be found on the BLS, and for Japan it is probably on the Ministry of Health, Labour, and Welfare website.)

240 posted on 03/04/2006 9:01:01 PM PST by snowsislander
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