Continuing on the theme of Republicans killing jobs, George W. Bush has finally made the definitive statement of his profits-over-people philosophy of economics by actually encouraging businesses to export their jobs overseas:
WASHINGTON, Feb 11 (Reuters) The White House on Wednesday stood by a top economic adviser who critics have accused of encouraging companies to export jobs overseas, a factor in heavy job losses during George W. Bush's presidency.
At issue is the practice of a growing number of U.S. companies to move all or a portion of their operations to places like Mexico, India and China, where labor costs are lower and goods can be produced more cheaply, in order to improve profits (...)
Mankiw sparked an uproar earlier this week with comments that appeared to laud "outsourcing" by U.S. companies overseas.
"Outsourcing is a growing phenomenon, but it's something that we should realize is probably a plus for the economy in the long run," he said.
With a tip of the hat to the Yellow Dog Blog , you can read the whole article at:
http://www.forbes.com/iraq/newswire/2004/02/11/rtr1255901.html