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Treasury Secretary John Snow is parroting what the Bushies were forced to back track on a few weeks ago.
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(THE FULL ARTICLE IN YAHOO NEWS.)
CINCINNATI - 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."
Snow said in an interview with The Cincinnati Enquirer that technology is allowing U.S. companies to downsize and become more efficient by linking contract workers through the Internet.
"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 jobs."
Snow's comments on outsourcing followed remarks on the same subject last month by N. Gregory Mankiw, chairman of President Bush (news - web sites)'s Council of Economic Advisers, who stirred controversy by suggesting that shipping U.S. service jobs overseas could be good for the economy.
Mankiw was forced to apologize for his comments after they were attacked as being insensitive to the huge job losses the country has suffered over the past three years. Bush himself addressed the issue, saying he knew people in America were looking for work "because jobs have gone overseas."
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