Bush: Outsourcing painful, but remedy is worse

CNN.com ^ | Friday, March 3, 2006 Posted: 1640 GMT (0040 HKT)

[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."

[Do not dub me shapka broham]

http://redwing.hutman.net/~mreed/warriorshtm/allcaps.htm

[Do not dub me shapka broham]

MNJonnie is a TROLL

LOL.

You just figured that out?

:-)

[gogoman]

A Chinese MacDonald's worker does not compete against an American one. First, he is not available because he is in China. Second, he would not be qualified because he cannot do the work without speaking English. If he learns English and moves to the US, then he can compete with the American.

those are barriers to free trade. free-traders and globalists want these barriers to go as much as possible. that's also why Bush is pretty lax on illegal immigration.

[ScreamingFist]

You just figured that out?

Sadly yes, LOL! Apparently many FReepers could have saved me much angst if they had just told me......;)

[brainstem223]

No, that was Jay Leno...

[dfwgator]

they allow foreign companies to enter our markets while we cannot enter theirs and on and on.

And which economies are better, theirs or ours?

[Do not dub me shapka broham]

Sorry 'bout that.

I was preoccupied at the time.

:^)

-good times, G.J.P. (Jr.)

[brainstem223]

You are so correct. In the 40's with half the population of today, we produced enough arms and material to subdue our enemies on in both Europe and the Pacific all at the same time. In the 50's we produced right here all the TV's, cameras and electronics we needed at reasonable prices. The average working man could afford to buy a new car every few years. The roots of globalism When the tentacles of globalism started creeping into the economy, the 60's the price of cars started to shoot for the moon, along with our manufacturing jobs; the basis of a middle class living, were sent to low wage bastions. The robber barons that did this to us, their motive being selfish self-enrichment only; bought off the politicians who rigged the system in favor of globalism. We can again produce 98% of what we need right here in the USA, only import things like bannanas, coffee, tea, and raw materials and thereby enjoy a wave of prosperity the world would envy. Instead, we are giving away billions in one way global trading for goods that are on a one way trip to landfills, and putting the enonomy into a self inflicted death spirial, all for the sake of ever greater profits in the coffers of stateless multinationals, who give not a damn what happens to the citizens of the USA who have little choice but to buy their crappy wares.
We are so on our backs as a nation that we would lose a WWII if the same conflict, requiring the same amount of manufactured goods happened today. With twice the population we could not manufacture enough to defend ourselves as did the USA of the 1940's, because our industrial base has been savaged at the altar of globalism.

[ScreamingFist]

Excellent post.

[brainstem223]

Thank God someone out there understands the mess this nation is in...

[WatchingInAmazement]

As www.economyincrisis.com notes, US Government statistics indicate the following percentages of foreign ownership of American industry:

· Sound recording industries - 97%
· Commodity contracts dealing and brokerage - 79%
· Motion picture and sound recording industries - 75%
· Metal ore mining - 65%
· Motion picture and video industries - 64%
· Wineries and distilleries - 64%
· Database, directory, and other publishers - 63%
· Book publishers - 63%
· Cement, concrete, lime, and gypsum product - 62%
· Engine, turbine and power transmission equipment - 57%
· Rubber product - 53%
· Nonmetallic mineral product manufacturing - 53%
· Plastics and rubber products manufacturing - 52%
· Plastics product - 51%
· Other insurance related activities - 51%
· Boiler, tank, and shipping container - 50%
· Glass and glass product - 48%
· Coal mining - 48%
· Sugar and confectionery product - 48%
· Nonmetallic mineral mining and quarrying - 47%
· Advertising and related services - 41%
· Pharmaceutical and medicine - 40%
· Clay, refractory, and other nonmetallic mineral products - 40%
· Securities brokerage - 38%
· Other general purpose machinery - 37%
· Audio and video equipment mfg and reproducing magnetic and optical media - 36%
· Support activities for mining - 36%
· Soap, cleaning compound, and toilet preparation - 32%
· Chemical manufacturing - 30%
· Industrial machinery - 30%
· Securities, commodity contracts, and other financial investments and related activities - 30%
· Other food - 29%
· Motor vehicles and parts - 29%
· Machinery manufacturing - 28%
· Other electrical equipment and component - 28%
· Securities and commodity exchanges and other financial investment activities - 27%
· Architectural, engineering, and related services - 26%
· Credit card issuing and other consumer credit - 26%
· Petroleum refineries (including integrated) - 25%
· Navigational, measuring, electromedical, and control instruments - 25%
· Petroleum and coal products manufacturing - 25%
· Transportation equipment manufacturing - 25%
· Commercial and service industry machinery - 25%
· Basic chemical - 24%
· Investment banking and securities dealing - 24%
· Semiconductor and other electronic component - 23%
· Paint, coating, and adhesive - 22%
· Printing and related support activities - 21%
· Chemical product and preparation - 20%
· Iron, steel mills, and steel products - 20%
· Agriculture, construction, and mining machinery - 20%
· Publishing industries - 20%
· Medical equipment and supplies - 20%


Thus it shouldn't surprise us that the cons have sold off our ports as well, and will defend it to the bitter end. They truly believe that a "New World Order" with multinational corporations in charge instead of sovereign governments will be the answer to the problem of world instability. And therefore they must do away with quaint things like unions, a healthy middle class, and, ultimately, democracy.
http://www.economyincrisis.org/articles/showarticle.asp?ID=102

[ScreamingFist]

HOLY MOLY........

[ClaireSolt]

Sounds like you know very little about this to me. By the way, I do not call anything globalization. Free trade is a goal that the US has pursued at least since WWII, but it is hardly a reality. Freer trade is achieved by specific agreements between countries, and by specific I mean mangos can now come from India. That is specific.

[Stellar Dendrite]

LOL!!!

[texastoo]

To me this is all unbelievable.

About 10 years ago, the leading evening news Bill Clinton story was what an idiot he was as he plopped 100% tariffs on high end lulxury cars. All Republicans and think tanks were against this claiming it would stop the sale of Mercedes forcing the economy down the drain.

Instead, those tariffs were one of the forces that influenced the merger of Daimler Chrysler. Just the merger wasn't enough as to get around the tariffs as they were still importing. As a result of tariffs they built a plant ln Alabama employing hundreds or maybe thousands of workers. Alaabama has since built 3 other foreign autoplants. This was all negotiated by a Democrat governor and Democrat president.

The last I have heard, Japan is asking the WTO to delete all tariffs on automobiles. I noticed that automobile manufacturing was not on your list but did see some headings that autos could have been placed under.

[Canedawg]

" many FReepers could have saved me much angst if they had just told me......;)


Have you not read any of the ports threads on which he posted?

[nopardons]

Oh, I see...................

So the guys who got into various ( sort of closed shop, if you get my drift ) unions, because of "DADDY" and other relatives, don't have "REAL" jobs either. I really don't think that you want to tell that to longshoremen and plumbers and such. But DO keep right on digging that hole. LOL

[nopardons]

Nope...YOU first; you're the one who began this.

Fine, keep repeating the offensive remark. It proves the point, over and over and over again. :-)

[rcocean]

Sorry, if you can't answer your own personal questions, don't expect others to.