3.31.2004

Snow: Outsourcing Can Help the Economy Yahoo! News (3/31)

Treasury Secretary John Snow says outsourcing of American jobs, a hot issue in the presidential campaign, can help make the economy stronger.

"It's part of trade," Snow said. "It's one aspect of trade, and there can't be any doubt about the fact that trade makes the economy stronger."

[snip]

"You can outsource a lot of activities and get them done just as well, or better, at a lower cost," Snow said during a stop here Monday. "If we can keep the American economy strong and growing and expanding, we'll create lots of

"And I can't wait until they find someone in someone that will do my silly job for less money, freeing me up to go and find an even better job!" He gleefully added "Golly, gee whiz, America sure is great!"
I was struck by the fact coming in this morning, the number of foreign companies that have operations right here, proudly displaying their logos," he said. "America can compete with anybody. What we need to do is not build walls but tear walls down."

No: what we need is universal healthcare which will go a long way to evening the old playing field. Face facts, a lot of the the old rules of economics are out the window in terms of trade and unless we do something to make things even we're all in a lot of trouble.

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