[oceanview]

Its GDP growth we would have gotten in the US (we are bumping along at 3%) - but instead China and India are getting.

[Laserman]

And exactly how much is "insourced" such as auto plants for Toyota? My guess is that the net is very small between outsourcing and insourcing.

[billybudd]

That's not a good way to look at it. The US benefits just as much from offshoring as other countries, since there is always an exchange of equal value. Where US jobs are lost, the benefit comes in lower prices in that particular industry. This diffuse benefit is always higher than the cost of protecting those jobs through tarrifs or subsidies.
Ultimately, it doesn't make sense for us to waste energy trying to prop up unprofitable industries. We should focus on improving the educational system to allow people to transition to new fields.