2.29.2004

Battle over outsourcing heats up ContraCostaTimes.com (2/29)
"'It's the political season, and it's no surprise that opponents of the administration would jump on' Mankiw's comments, the Fed's McTeer said in his speech. He called the movement of jobs abroad part of a 'creative destruction' process that ultimately benefits the U.S. economy.

Uh, yeah: folks are losing their jobs just as a political statement? 'Creative destruction' sounds an awful lot like 'Friendly Fire' doesn't it? Very, very Orwellian.

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