Obama Clueless on Offshore Outsourcing - Touts Corporate Talking Points

From an online townhall Obama claims:

Now, a lot of the outsourcing that was referred to in the question really has to do with the fact that our economy -- if it's dependent on low-wage, low-skill labor, it's very hard to hang on to those jobs because there's always a country out there that pays lower wages than the U.S. And so we've got to go after the high-skill, high-wage jobs of the future. That's why it's so important to train our folks more effectively and that's why it's so important for us to find new industries -- building solar panels or wind turbines or the new biofuel -- that involve these higher-value, higher-skill, higher-paying jobs.

No Obama that is false and you know it by the hundreds of thousands of best skilled and educated Engineers, Scientists, Computer Sciences in the world emailing your office, coming into visits while you were a Senator and writing on the campaign trail.

The best jobs in the United States are being offshore outsourced and it is accelerating.

You just had India's NASSCOM demand the highest paying, most advanced U.S. jobs.

More importantly the studies are overwhelming that indeed the highest skilled, highest paid jobs are being offshore outsourced, as this latest research proves!

Even worse, this is the same fiction we have heard from the Summers Clinton administration and it is an insult to Americans to try to imply they do not have the skills. Of course we have the skills and corporations simply are throwing them away in favor of cheaper labor!

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well said

Well said, Robert Oak!!!!

If the people in that White House East Room only knew what I know. Or had read your previous blogs, this type of economic/labor misdirection would be quickly discredited.

Do not worry

We still have the key to the room where the money is printed...

Following quickly on the heels of last week's news that the Federal Reserve plans to print up another trillion dollars came this announcement that a UN panel wants to replace the greenback with a shared basket of currencies.

The world needs a reserve currency that is disconnected from individual nations and is able to remain stable in the long run.

The role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system.

The price is becoming increasingly high, not only for the users, but also for the issuers of the reserve currencies. Although crisis may not necessarily be an intended result of the issuing authorities, it is an inevitable outcome of the institutional flaws.
so, do not worry. we still have that key

Refutation, rebuttle retort

A lot has to do with "low wage, low skill' but a lot ALSO has to do with high wages, or high wage high skilled which can be sourced cheaper abroad and transferred back to the USA in the process called "labor abitrage". Obama is a legal scholar, and knows many of these terms. He should explain the truth of labor arbitrage to Americans anxious about their economic future.

Or he should get such a huge push from the grass roots populist movement that he HAS to acknowledge and accept it.

Broken promises

It's evident that CANDIDATE Obama"s promise to punish companies that offshore jobs and reward those that keep jobs in the US was forgotten by PRESIDENT Obama, silly me, I actually believed him when he promised that to America many times over the campaign. At the rate Obama is going he will be a one termer, if I wanted more of Bush I would of voted McCain/Palin, I guess only the faces change, but the game remains the same, wipeout the middle-class seems to be the governments agenda.

The Great Education Myth


From Flattening the Great Education Myth:

... It's not that workers in these other countries are smarter, says Sheldon Steinbach of the American Council on Education. "One could be educationally competitive and easily lose out in the global economic marketplace," he told the Los Angeles Times. Why? "Because of significantly lower wages being paid elsewhere." ...

A key reason how lower wages

A key reason how lower wages can be paid elsewhere is the costs of housing are much less in many of these emerging spots. Again, the inflated cost of land and real estate can be traced back to the inflated cost of money, in real terms.