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02-24-2006, 03:16 AM #1
Outsourcing aids U.S., Bush says
http://www.signonsandiego.com/uniontrib ... 3bush.html
Outsourcing aids U.S., Bush says
India's growth through jobs may yield trade benefits
By Ron Hutcheson
KNIGHT RIDDER NEWS SERVICE
February 23, 2006
WASHINGTON – President Bush found a bright side to outsourcing yesterday, saying that the loss of U.S. jobs to foreign countries helps create markets for American business.
“It's true that a number of Americans have lost jobs because companies have shifted operations to India,” he said in a speech previewing his trip next week to India and Pakistan. “We must also recognize that India's growth is creating new opportunities for our businesses and farmers and workers.”
Bush's visit to South Asia is intended to strengthen ties to two countries on the front lines in the war on terrorism. His diplomatic mission is complicated by long-standing antagonism between India and Pakistan, both of which have nuclear weapons ungoverned by the Non-Proliferation Treaty.
Although Bush made sure to cover the big geopolitical issues in his speech, he acknowledged that many Americans are far more concerned about India's status as a magnet for jobs, especially in the high-tech sector. More than 1.2 million Indians work in high-tech jobs, many of them for U.S. companies or their affiliates.
Echoing a view widely shared by economists, Bush said the benefits from globalization more than offset the damage from lost jobs due to outsourcing. He noted that the United States accounts for only about 5 percent of the world's population.
“India's middle class is now estimated at 300 million people,” he said. “That's greater than the entire population of the United States. And this middle class is buying air conditioners, kitchen appliances and washing machines – and a lot of them from American companies.
“Younger Indians are acquiring a taste for pizzas from Domino's, Pizza Hut,” Bush added. “And Air India ordered 68 planes valued at more than $11 billion from Boeing.”
But even with India's growing prosperity, Americans buy more goods from India than they sell to Indians. The United States had a $10.8 billion trade deficit with India last year because even though U.S. exports to India have been steadily increasing, imports from India have risen more.
Bush's prime objective in India is to remove the last hurdles to a landmark agreement that would acknowledge India's status as a nuclear power 32 years after it successfully tested a nuclear device. The agreement would open India's civilian nuclear program to international inspections while leaving it free to produce more nuclear weapons.
With time running out before Bush's visit, U.S. negotiators are pressing India for guarantees that the civilian program wouldn't be used to boost weapons production. Bush urged India to develop “a credible, transparent and defensible plan” to separate the two programs.
In Pakistan, Bush will seek to discuss both the war on terrorism and Pakistan's path to democracy. He praised Pakistani President Pervez Musharraf for his help in the war on terrorism, but he said Pakistan “still has a distance to travel on the road to democracy.”
He urged India and Pakistan to put aside the ethnic and religious tensions that have brought them to war three times since the two nations were carved out of the British Empire in 1947.Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
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02-24-2006, 03:25 AM #2
Re: Outsourcing aids U.S., Bush says
Echoing a view widely shared by economists, Bush said the benefits from globalization more than offset the damage from lost jobs due to outsourcing. He noted that the United States accounts for only about 5 percent of the world's population.
“India's middle class is now estimated at 300 million people,” he said. “That's greater than the entire population of the United States. And this middle class is buying air conditioners, kitchen appliances and washing machines – and a lot of them from American companies.
Right, all manufactured in Mexico or some other "free trade agreement" nation and therefore do very little for our economy or standard of living.
Ride the Dive!
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02-24-2006, 10:56 AM #3Echoing a view widely shared by economists, Bush said the benefits from globalization more than offset the damage from lost jobs due to outsourcing. He noted that the United States accounts for only about 5 percent of the world's population.
And, as far as I'm concerned, 5% of 6.5 billion is plenty. That low percentage contributes quite a bit to our quality of life. But, to Bush, I suppose the number is just some measure of economic production capability and competition. How dare China and India have more worker bots than he has and controls!
“Younger Indians are acquiring a taste for pizzas from Domino's, Pizza Hut,” Bush added. “And Air India ordered 68 planes valued at more than $11 billion from Boeing.”
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02-24-2006, 04:23 PM #4“It's true that a number of Americans have lost jobs because companies have shifted operations to India,” he said in a speech previewing his trip next week to India and Pakistan. “We must also recognize that India's growth is creating new opportunities for our businesses and farmers and workers.”
Echoing a view widely shared by economists, Bush said the benefits from globalization more than offset the damage from lost jobs due to outsourcing. He noted that the United States accounts for only about 5 percent of the world's population.
“India's middle class is now estimated at 300 million people,” he said. “That's greater than the entire population of the United States. And this middle class is buying air conditioners, kitchen appliances and washing machines – and a lot of them from American companies.
“Younger Indians are acquiring a taste for pizzas from Domino's, Pizza Hut,” Bush added. “And Air India ordered 68 planes valued at more than $11 billion from Boeing.”
My only saving grace is that this jacka-- will rot in hell when all is said and done. I wonder if God told him to destroy America too? Get this wack job out of our government NOW.Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
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02-24-2006, 05:55 PM #5
But if we are only 5%, I don't guess anyone took notice of the fact that countries like India with huge populations are generally the 3rd world countries. Gee, I wonder why that is? Ccould it be because they have more population than the land can sustain?
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02-25-2006, 03:15 AM #6
Right On Everyone!!
Now, you've heard it from his OWN LIPS.
He is a Globalist Traitor selling US out; destroying our economy; flooding our population to levels we can not sustain; exporting our economic foundation which is and will always be required to sustain our large nation; and basically told US to our faces....you no longer matter to me.
"I'm George WackiArabadent Bush....and I want to rule the world with my globalist pals."
Poverty rates have risen every year under his rule.
Consumer debt compared to savings is at its highest levels since the Great Depression under his rule.
Unemployment is being distorted and under-reported to hide the real condition of the American People and make his stance on the need for a Guest Worker Program.
He's been ciphoning off control of our ports; our borders; our security; our nation to foreign entities.
We are "drained" and almost totally "surrounded".
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02-25-2006, 07:57 AM #7
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“India's middle class is now estimated at 300 million people,” he said. “That's greater than the entire population of the United States. And this middle class is buying air conditioners, kitchen appliances and washing machines – and a lot of them from American company.
So what if Indians buy more air conditioners, kitchen appliances and washing machines? It's not worth Americans loosing hundreds of thousands of jobs here for products made OUTSIDE the US.
A 2 BILLION DOLLAR trade deficit PER DAY is what we're at now and it's getting higher daily.
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