Dems: At Bain, Romney was a “pioneer” in outsourcing jobs overseas

posted at 3:21 pm on June 22, 2012 by Erika Johnsen

Ughh. It sickens me that our country’s leaders are thusly engaged in such damaging, cheap populism.

The Washington Post just wheeled out a new report, detailing how “Romney’s Bain Capital invested in companies that moved jobs overseas.” Am I imagining it, or is anybody else detecting a gentle hint that we’re supposed to believe that this is necessarily a bad thing?

Mitt Romney’s financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.

During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission. …

But a Washington Post examination of securities filings shows the extent of Bain’s investment in firms that specialized in helping other companies move or expand operations overseas. While Bain was not the largest player in the outsourcing field, the private equity firm was involved early on, at a time when the departure of jobs from the United States was beginning to accelerate and new companies were emerging as handmaidens to this outflow of employment.

Cue the liberals’ various denunciations of the “vulture capitalism!”-ilk, and other such disgraceful, intellectually shallow talking points:

The campaign’s senior strategist David Axelrod blasted out an email with the Washington Post story, saying it exposed “breathtaking hypocrisy” by a candidate who frequently calls for the need to return American jobs to the United States. …

In a conference call with reporters Friday, Axelrod knocked Romney as an “outsourcer in chief” and asked whether the presumptive GOP nominee’s business experience is the kind of philosophy needed in the White House. He especially questioned Romney’s ability to “stand up to China” on trade.

“It’s particularly egregious when you try to repackage yourself as someone who’s going to be tough on countries that you sent jobs to,” Axelrod said on the call. He later described the report as a “significant moment in this campaign.”

Shaking my head, people — shaking my head.

First of all, when Romney talks about China, he isn’t denying companies’ rights to move their operations out of America if they so please. He’s talking about creating a level international playing field (and no, I don’t mean that like how President Obama uses it). Free trade is spectacular, but it doesn’t work when communist China is consistently doing things like manipulating their currency, pirating our technology, and other such highly nefarious endeavors.

Well, China has an interest in trade. China wants to, as they have 20 million people coming out of the farms and coming into the cities every year, they want to be able to put them to work. They wanna have access to global markets. And so we have right now something they need very badly, which is access to our market and our friends around the world, have that same– power over China. We– to make sure that we let them understand that in order for them to continue to have free and open access to the thing they want so badly, our markets, they have to play by the rules.

They can’t hack into our computer systems and steal from our government. They can’t steal from corporations. They can’t take patents and designs, intellectual property, and, and, and, and duplicate them, and duplicate them and counterfeit them and sell them around the world. And they also can’t manipulate their currency in such a way as to make their prices well below what they otherwise would be.

We have to have China understand that like everybody else on the world stage, they have to play by the rules. And if they do, we’ll have open trade with them and work with them. And they should in every way want to collaborate with us and not become a belligerent nation economically or militarily.

Secondly, if everybody on planet earth could just get the following through their heads so we can all move on and lead more productive lives, that would be great: When businesses find ways to do business less expensively, consumers win. Whether the business can offer their product more cheaply and consumers can then stretch their dollars further, or  if the business is able to then hire more workers and grow their operation — the economy is going to grow. Which, in turn, means that everybody wins. That’s the great thing about free trade: all transactions are voluntary and mutually beneficial. When businesses outsource, they cut costs, and people in other, poorer countries with fewer opportunities are able to find jobs and income.

Everything related to this whole “Buy America” fallacy is just awful — barring even greater costs such as threats to national security, why on earth would you do something more expensively than necessary? That’s not the way to help people — buying goods from where they are most cheaply and efficiently produced is the best way to make everyone wealthier. Prosperity is not a zero-sum game, and a busy, bustling global economic village is probably just about the only true route to world peace in existence.

This sort of populist rhetoric that perpetuates these types of economic myths sorely needs to end.


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Erika!

OmahaConservative on June 22, 2012 at 3:24 PM

did I get here first?

cheetah2 on June 22, 2012 at 3:24 PM

Obama gives subsidies to Brazilian oil and Finnish electric car manufacturers. And just how many GM and Chrysler jobs saved were Canadian?

John the Libertarian on June 22, 2012 at 3:25 PM

Am I imagining it, or is anybody else detecting a gentle hint that we’re supposed to believe that this is necessarily a bad thing?

Erika, the more the O-Team whines about Bain, the more they reveal how completely ignorant they are about how businesses and the economy thrives and succeeds.

AubieJon on June 22, 2012 at 3:25 PM

Exhibit M on how to run a desperate campaign.

GOPRanknFile on June 22, 2012 at 3:25 PM

The whining, slobbering left is beyond desperate.

rplat on June 22, 2012 at 3:27 PM

I love this. This is exactly what bothers me too about “buy American made” I buy what is most economical. Anything else is insanity. Thanks for explaining why so well!

cheetah2 on June 22, 2012 at 3:27 PM

Everything related to this whole “Buy America” fallacy is just awful — barring even greater costs such as threats to national security, why on earth would you do something more expensively than necessary?

To keep an American employed and maintain their standard of living, while providing business with a disincentive towards outsourcing and wage cutting. Duh.

Stoic Patriot on June 22, 2012 at 3:28 PM

When businesses find ways to do business less expensively, consumers win.

And when that “less expensive” method is cutting wages, labor loses. And interestingly enough, who are the ones that constitute the set of consumers? The labor force. Households serve both roles. They’re funny like that.

What really matters is the relative movement of prices to wages, or what we call the real wage. If a cut in their wages is disproportionately large for a household than the cut in the prices of what they consume, the household is worse off.

Stoic Patriot on June 22, 2012 at 3:30 PM

Axelrod is going to hold a presser from the office of Jeffrey Zients denouncing Bain.

Bishop on June 22, 2012 at 3:30 PM

Lsm carrying the water

cmsinaz on June 22, 2012 at 3:30 PM

Looking forward to the Romney campaign’s response to this. If it is anything like their previous responses to attacks from the boy king’s camp, Axelrond should start preparing for another, “oh sh*it, we stepped in it again” moment.

Flora Duh on June 22, 2012 at 3:30 PM

You damned Conservatives, don’t you understand that a real President, who really has a concern for keeping Americans employed, purchases Russian helicopters for use in Afghanistan.

When will you damned Conservatives understand real concerns for the American workers?

/

OhEssYouCowboys on June 22, 2012 at 3:30 PM

If Mitt “was a pioneer” then Obama is the Meister of them all at outsourcing everything.

Schadenfreude on June 22, 2012 at 3:31 PM

Liberals hate Indians and all Furiners. It’s clear, they don’t want them to own Air Conditioners either, because that will make them more productive…so they say the ACs are causings…wait…Global Warming! LOL!

Liberalism destroys.

kirkill on June 22, 2012 at 3:33 PM

When businesses find ways to do business less expensively, consumers win. Whether the business can offer their product more cheaply and consumers can then stretch their dollars further

Next thing you know you’re going to tell us something really crazy, like how higher taxes always get passed onto the consumer.

ButterflyDragon on June 22, 2012 at 3:33 PM

aaaaand Obama was a “pioneer” in monkey-wrenching America thru his work with ACORN, SEIU, Soros, etc, etc.

Which harmed America more?

Mimzey on June 22, 2012 at 3:33 PM

Erika, the more the O-Team whines about Bain, the more they reveal how completely ignorant they are about how businesses and the economy thrives and succeeds.

AubieJon on June 22, 2012 at 3:25 PM

While true, most of the obamabots could care less.

All they hear is:

Romney= Bain.

Bain= vulture capitalism.

Vulture capitalism- jobs overseas.

Vote obama.

BallisticBob on June 22, 2012 at 3:33 PM

move or expand operations overseas

Sort of like jobs “created or saved.” If there’s not enough evidence of moving jobs overseas (outsourcing), then lump in the totally unrelated “expanding jobs overseas,” also known as “growth.”

Also, Romney’s evidently an expert in recognizing a positive business climate. So, maybe he’s the one to turn to, if we want to create a positive business climate here?

Because demonizing, shaming, and punishing companies into staying in the US has proven to be such a successful tactic….

notropis on June 22, 2012 at 3:34 PM

Which, in turn, means that everybody wins. That’s the great thing about free trade: all transactions are voluntary and mutually beneficial.

That is a gross, gross oversimplification.

If America sells land to Iran, supposedly both parties would be better off. Yet if that land contains uranium which can be enriched to produce a nuclear weapon, then the balance of power shifts in favor of the Iranians, and in the realm of influence and political power, you are very much dealing with a zero-sum game.

But let’s ignore national security concerns and other concerns. Here’s a strictly economic scenario. Party A trades with Party B, exchanging say money for apples. Party A finds that Party C offers apples at a lower price. Party A instead starts trading with Party C and no longer Party B. Party B is now worse off. In this scenario, two parties have won, and the market has realized “efficiency gains,” but it is not the case that everyone is better off.

Stoic Patriot on June 22, 2012 at 3:35 PM

While true, most of the obamabots could care less.

All they hear is:

Romney= Bain.

Bain= vulture capitalism.

Vulture capitalism- jobs overseas.

Vote obama.

BallisticBob on June 22, 2012 at 3:33 PM

My lord you give Obamabots a lot of credit.

tom daschle concerned on June 22, 2012 at 3:36 PM

Hey, he said he could create jobs – he didn’t say in what country.

plewis on June 22, 2012 at 3:36 PM

What a twit this Erika woman is. Everybody wins! Ponies! Unicorns! Mr. Rogers for CEO! Ugh.

Moron.

lostmotherland on June 22, 2012 at 3:37 PM

Am I imagining it, or is anybody else detecting a gentle hint that we’re supposed to believe that this is necessarily a bad thing?

It’s a bad thing only if i’ts your job and, with any luck, one day it will be.

plewis on June 22, 2012 at 3:38 PM

If you want to be truly disgusted, read the WaPo as it gives some ink to Romney’s rebuttal:

Romney response to Bain story: Outsourcing vs. offshoring

The last few lines of that are revealing:

But that’s a narrow and nuanced argument, one that will likely have little impact on the way this story is viewed in the political realm.

President Obama’s campaign has seized on the report, which offers a fresh line of attack against Bain Capital. Previous Obama ad campaigns attacked the firm for closing American plants. In a conference call with reporters Friday, Obama strategist David Axelrod called Romney the “outsourcer in chief.”

“President Obama’s campaign has seized on the report, which offers a fresh line of attack against Bain Capital.”

I mean, that was WaPo’s intent,wasn’t it?

Drained Brain on June 22, 2012 at 3:38 PM

Sssshhh. Whatever we do, don’t talk about labor costs.

BKeyser on June 22, 2012 at 3:38 PM

What the? So “Conservatism, Inc” is now celebrating the outsourcing of American jobs? Great….

HB3 on June 22, 2012 at 3:39 PM

…my gawd!…they are hurting!
…they can’t talk at all about the last 4 years.

KOOLAID2 on June 22, 2012 at 3:39 PM

When businesses find ways to do business less expensively, consumers win.
And when that “less expensive” method is cutting wages, labor loses. And interestingly enough, who are the ones that constitute the set of consumers? The labor force. Households serve both roles. They’re funny like that.
What really matters is the relative movement of prices to wages, or what we call the real wage. If a cut in their wages is disproportionately large for a household than the cut in the prices of what they consume, the household is worse off.
Stoic Patriot on June 22, 2012 at 3:30 PM

Labor has a value that fluctuates. Just ask buggy whip makers.

gwelf on June 22, 2012 at 3:39 PM

That’s the great thing about free trade: all transactions are voluntary and mutually beneficial. When businesses outsource, they cut costs, and people in other, poorer countries with fewer opportunities are able to find jobs and income.

And here’s where I significantly deviate from the free marketeers.

A government does not exist to improve the welfare of other countries’ peoples. It exists to improve the welfare of its own people. National economic policy should seek to improve the welfare of one’s own country and citizens. Policies that achieve the opposite are essentially a betrayal of why government exists. Rather than the government serving the people, the people instead become instruments to serve the aims of the government.

Stoic Patriot on June 22, 2012 at 3:40 PM

Nice to see WaPo look into that for Axelrod us.

changer1701 on June 22, 2012 at 3:40 PM

“… Axelrod said on the call. He later described the report as a “significant moment in this campaign.”

If that’s all you got…

… run with it.

By the way Axelrod, exactly where is Obomwa’s executive-privilege…?

Seven Percent Solution on June 22, 2012 at 3:41 PM

Labor has a value that fluctuates. Just ask buggy whip makers.

gwelf on June 22, 2012 at 3:39 PM | Delete | Delete and Ban

Yes, wages fluctuate. And the policy prescription of the free marketeers is to enact policies that tank a household’s wages. It’s downright stupid if not only do you tank the wages of your people, but it goes so far as to tank their wages in real terms.

The term “real wage” is one that I almost never see the free marketeers use, because that’s the best measure of the welfare of the common man.

Stoic Patriot on June 22, 2012 at 3:41 PM

Obamuh has shown that he’s willing to spend over $1,000,000 [per job saved and/or created] of your tax money, in an effort to keep Americans employed.

Now THAT is a concern for the American workers.

He will not rest until every American is employed – with a little help from your wallets.

/

OhEssYouCowboys on June 22, 2012 at 3:41 PM

To keep an American employed and maintain their standard of living, while providing business with a disincentive towards outsourcing and wage cutting. Duh

Here’s the thing…buy American, if you want…alternatively calculate how much Buy American costs you as a consumer, for example let’s say if cost you $5 a week more.
Do this; buy CHINESE and burn a $5 billon your front porch. It’s the same thing as “Buying American.” You are making yourself poorer, and if you inflict it on all 320 million Americans, you’d be making AMERICA poorer by the tune of $1.6 BILLION per week, $83 BILLION per year.

Now do you want to be $260 poorer, your society $83 billion poorer, because you bought an over-priced American good? Would could you do with an extra $260 in your pocket?

JFKY on June 22, 2012 at 3:42 PM

Man they are obsessed with Bain aren’t they.

gophergirl on June 22, 2012 at 3:42 PM

Stoic Patriot on June 22, 2012 at 3:35 PM

Party B quickly learns that it can’t stay in business by selling the same product at inflated prices. If Party B is selling a superior product, then A chooses between that and what might be an inferior product. It’s how the market works.

AubieJon on June 22, 2012 at 3:43 PM

To keep an American employed and maintain their standard of living, while providing business with a disincentive towards outsourcing and wage cutting. Duh.

Stoic Patriot on June 22, 2012 at 3:28 PM

What fantasy land do you live in? Businesses are going to outsource with or without your touchy-feely slogans so long as its cheaper.

Chuck Schick on June 22, 2012 at 3:43 PM

If you could be sure that savings are passed on to consumers then outsourcing would be harder to attack. but when Zenith moved its operations to Mexico the price of Zenith TVs dropped not a dime, though the quality dropped off a cliff. Outsourcing manufacturing is all about profit maximization not lowering prices for the consumer. Fords built in Mexico sell for the same price as Hyundais built in Alabama. If the manufacturing sector of this nation is outsourced it won’t matter if prices are lower. Few will have the money to spend. The national security issue is another story. Will the next generation DDX be built with Chinese steel? Conservatives exalt free trade, but what happens when free trade and outsourcing lead to being as dependent on foreign manufacture as we are on foreign energy?

xkaydet65 on June 22, 2012 at 3:43 PM

“Lose your job to outsourcing? Suck it up, loser!”

HB3 on June 22, 2012 at 3:43 PM

A government does not exist to improve the welfare of other countries’ peoples. It exists to improve the welfare of its own people. National economic policy should seek to improve the welfare of one’s own country and citizens. Policies that achieve the opposite are essentially a betrayal of why government exists. Rather than the government serving the people, the people instead become instruments to serve the aims of the government.

Read above Stoic…”Protectionism” does NOT improve the welfare of Americans, it makes them POORER…again at just $% per week per person America might as well just 83,000,000,000 $1 bills, it ahs the same effect….

JFKY on June 22, 2012 at 3:44 PM

plewis on June 22, 2012 at 3:38 PM | Delete | Delete and Ban | Delete and Ban and Laugh At

Why so bitter?

Bishop on June 22, 2012 at 3:44 PM

Party B quickly learns that it can’t stay in business by selling the same product at inflated prices. If Party B is selling a superior product, then A chooses between that and what might be an inferior product. It’s how the market works.

AubieJon on June 22, 2012 at 3:43 PM | Delete

I’m not refuting that’s how the market works. I’m refuting that everyone is better off as a result.

Stoic Patriot on June 22, 2012 at 3:44 PM

What the? So “Conservatism, Inc” is now celebrating the outsourcing of American jobs? Great….

HB3 on June 22, 2012 at 3:39 PM

Celebrating?

No, I think Erika didn’t do enough to tie in how government plays the role in these jobs being outsourced to other countries.

Instead of using government as a tool to bludgeon and intimidate business with fines for outsourcing, it should be the opposite. Government should stop putting regulations and taxes that make it so costly that a business finds it’s cheaper to move jobs overseas.

And she did touch upon the issue with our government allowing China to get away with not playing on a level playing field.

Perhaps she didn’t make it clear enough to the casual reader, but it was clear enough to me that government is the problem here. Big government is the reason we’re not competitive.

ButterflyDragon on June 22, 2012 at 3:45 PM

Which, in turn, means that everybody wins. That’s the great thing about free trade: all transactions are voluntary and mutually beneficial.
That is a gross, gross oversimplification.
If America sells land to Iran, supposedly both parties would be better off. Yet if that land contains uranium which can be enriched to produce a nuclear weapon, then the balance of power shifts in favor of the Iranians, and in the realm of influence and political power, you are very much dealing with a zero-sum game.
But let’s ignore national security concerns and other concerns. Here’s a strictly economic scenario. Party A trades with Party B, exchanging say money for apples. Party A finds that Party C offers apples at a lower price. Party A instead starts trading with Party C and no longer Party B. Party B is now worse off. In this scenario, two parties have won, and the market has realized “efficiency gains,” but it is not the case that everyone is better off.
Stoic Patriot on June 22, 2012 at 3:35 PM

Everyone in the voluntary transaction is better off. Are you suggesting that a system is possible where no one is ever is hurt by the voluntary transactions of others?

gwelf on June 22, 2012 at 3:45 PM

“Lose your job to outsourcing? Suck it up, loser!”

Gee and when American businesses prosper aren’t they hurting FOREIGNERS, do you send any money to those hurt by American successes? Not the government’s job to make sure that you have a comfy life and benefits.

JFKY on June 22, 2012 at 3:46 PM

Ughh. It sickens me that our country’s leaders are thusly engaged in such damaging, cheap populism.

Leaders they are not.

Lost in Jersey on June 22, 2012 at 3:46 PM

What a twit this Erika woman is. Everybody wins! Ponies! Unicorns! Mr. Rogers for CEO! Ugh.

Moron.

lostmotherland on June 22, 2012 at 3:37 PM

Thanks SO much for sharing that.

I hope you find your lostmotherland soon. Try turning North when you get to South Korea.

FAIL-

Del Dolemonte on June 22, 2012 at 3:46 PM

What fantasy land do you live in? Businesses are going to outsource with or without your touchy-feely slogans so long as its cheaper.

Chuck Schick on June 22, 2012 at 3:43 PM | Delete | Delete and Ban

I’m not sloganeering. Businesses also cannot effectively outsource if you erect trade barriers (i.e. protectionism). A country is best off when it erects barriers in a manner that are beneficial to itself and detrimental to others. This way it maximizes political influence, and can extract rents from other nations.

Stoic Patriot on June 22, 2012 at 3:46 PM

Prosperity is not a zero-sum game, and a busy, bustling global economic village is probably just about the only true route to world peace in existence.

^gnostic utopianism alert

aengus on June 22, 2012 at 3:47 PM

Suggested Romney Response:

I work for nothing but my own profit – which I make by selling a product they need to men who are willing and able to buy it. I do not produce it for their benefit at the expense of mine, and they do not buy it for my benefit at the expense of theirs; I do not sacrifice my interests to them nor do they sacrifice theirs to me; we deal as equals by mutual consent to mutual advantage – and I am proud of every penny that I have earned in this manner. I am rich and I am proud of every penny I own. I made my money by my own effort, in free exchange and through the voluntary consent of every man I dealt with – voluntary consent of those who employed me when I started, the voluntary consent of those who work for me now, the voluntary consent of those who buy my product. I shall answer all the questions you are afraid to ask me openly. Do I wish to pay my workers more than their services are worth to me? I do not. Do I wish to sell my product for less than my customers are willing to pay me? I do not. Do I wish to sell it at a loss or give it away? I do not. If this is evil, do whatever you please about me, according to whatever standards you hold. These are mine. I am earning my own living, as every honest man must.
– Hank Reardon, Atlas Shrugged

kirkill on June 22, 2012 at 3:47 PM

What the? So “Conservatism, Inc” is now celebrating the outsourcing of American jobs? Great….

HB3 on June 22, 2012 at 3:39 PM

And another Axelrod/Soros Hot Gas Sleeper Cell gets switched on.

Del Dolemonte on June 22, 2012 at 3:47 PM

This is so weak. If this is what obama has he is toast. Of course, companies that are SAVED by venture capital will go to where the costs are lower. This is exactly the point, if the fool obama had any economic sense he would be trying to help the US become far more competitive by lowering corp tax rates and spurring investment by lowering cap gains tax. He just doesn’t get it.

Ta111 on June 22, 2012 at 3:48 PM

Yes, wages fluctuate. And the policy prescription of the free marketeers is to enact policies that tank a household’s wages. It’s downright stupid if not only do you tank the wages of your people, but it goes so far as to tank their wages in real terms.
The term “real wage” is one that I almost never see the free marketeers use, because that’s the best measure of the welfare of the common man.
Stoic Patriot on June 22, 2012 at 3:41 PM

My policy prescription is liberty. You’re central planning schemes for “fair wages” fail.

gwelf on June 22, 2012 at 3:48 PM

Yay for Chinese jobs! Yay for Indian call centers! We love President Free Trade!

lostmotherland on June 22, 2012 at 3:48 PM

Everyone in the voluntary transaction is better off. Are you suggesting that a system is possible where no one is ever is hurt by the voluntary transactions of others?

gwelf on June 22, 2012 at 3:45 PM | Delete

No, and I don’t dispute your claim either. The problem with the claim as it was stated above was that it didn’t qualify that it pertains specifically to those people engaging in that particular transaction. And that itself requires certain assumptions (e.g. we’re not dealing with a market for lemons scenario)

Economics, to be practiced well, requires a remarkably high amount of qualifying statements.

Stoic Patriot on June 22, 2012 at 3:48 PM

I’m not refuting that’s how the market works. I’m refuting that everyone is better off as a result.

Wow when the Automobile replaced the horse & buggy, not everyone won, you’re right…I guess we should have protected those buggy and buggy whip manufacturers, huh? Not everyone benefits from ANYTHING…you’re creating a straw man…in the LONG-RUN everyone benefits, who adapts, but in the short-run no not everyone wins, and you shouldn’t expect them to.

JFKY on June 22, 2012 at 3:48 PM

Ughh. It sickens me that our country’s leaders are thusly engaged in such damaging, cheap populism.

This Erika was hired for laughs. Lol. Your anti middle class/ pit American against American party invented damaging, cheap and let me add racist populism.

Uppereastside on June 22, 2012 at 3:49 PM

Party B quickly learns that it can’t stay in business by selling the same product at inflated prices. If Party B is selling a superior product, then A chooses between that and what might be an inferior product. It’s how the market works.

AubieJon on June 22, 2012 at 3:43 PM

What if Party C is in a Communist country that is artificially reducing their prices just to price Party B out of the market?

Buckshot Bill on June 22, 2012 at 3:49 PM

One of the Top Comments at the WaPo link is from the aptly named “O Bama”

ROMNEY’S RECORD IS HORRIBLE. HE WAS AN AWFUL GOVERNOR AND HE OUTSOURCED US JIBS FOR A LIVING FOR OVER 25 YEARS. HE IS STILL PROFITING FROM THE SUFFERING OF US WORKERS. ROMNEY IS A NASTY MAN.

I wasn’t aware that Mitt outsourced triangular sails overseas…

Del Dolemonte on June 22, 2012 at 3:49 PM

Out sourcing is here to stay.
We, the ultimate consumer will demand it.
Wal-Mart is not successful because Americans have less $ to spend. It does well because a $ goes much further there. Almost ALL of its products are from overseas.
It is foolish to blame business for trying to meets OUR demands.
WE are demanding a lower cost. Our demands are driving business overseas.

Jabberwock on June 22, 2012 at 3:49 PM

What jobs are saved or created with Axelrod’s blather?

If we had real journalists, he would be asked what jobs he has created that was not tied to a political kickback?

mwbri on June 22, 2012 at 3:50 PM

What fantasy land do you live in? Businesses are going to outsource with or without your touchy-feely slogans so long as its cheaper.
Chuck Schick on June 22, 2012 at 3:43 PM | Delete | Delete and Ban
I’m not sloganeering. Businesses also cannot effectively outsource if you erect trade barriers (i.e. protectionism). A country is best off when it erects barriers in a manner that are beneficial to itself and detrimental to others. This way it maximizes political influence, and can extract rents from other nations.
Stoic Patriot on June 22, 2012 at 3:46 PM

Now I know you’re smoking something. Smoot-Hawley would like to talk to you.

gwelf on June 22, 2012 at 3:50 PM

Wow when the Automobile replaced the horse & buggy, not everyone won, you’re right…I guess we should have protected those buggy and buggy whip manufacturers, huh? Not everyone benefits from ANYTHING…you’re creating a straw man…in the LONG-RUN everyone benefits, who adapts, but in the short-run no not everyone wins, and you shouldn’t expect them to.

JFKY on June 22, 2012 at 3:48 PM | Delete

There’s also a difference between cost-cutting and innovation. Try to avoid rhetorical red herrings.

Stoic Patriot on June 22, 2012 at 3:50 PM

The takeaway that should be noted from any and all companies, US or otherwise, that outsource work to other countries, is the underlying reason they’re outsourcing said work…it’s because it’s more economically advantageous to do so.

Solution? How about we start with not taxing, regulating and otherwise strangling the utter life out of any company that employs Americans and/or bases those American employees in America! Hmm? How about we make it economically advantageous for companies to come here and employ American workers? Sound like a good start?!?!

Am I the only one that realizes that this is basically against every fiber of being of any and all Democrats in Washington right now? Yeah, good luck pulling up from this nose-dive the economy is in while you keep electing these morons to run the federal gub’ment and “steer” the economy.

Meople on June 22, 2012 at 3:50 PM

Scooter has Mitt beat. He outsourced Egypt to the Muslim Brotherhood…and our economy to China.

kingsjester on June 22, 2012 at 3:50 PM

This Erika was hired for laughs. Lol. Your anti middle class/ pit American against American party invented damaging, cheap and let me add racist populism.

Uppereastside on June 22, 2012 at 3:49 PM

Only folks playing class warfare are O’bama and your Party.

You must be so proud.

Del Dolemonte on June 22, 2012 at 3:51 PM

O/T…if in Texas there is a televised and radio broadcast of the Cruz/Dewhurst debate tonight at 8pm our time.

back to your regularly scheduled program

DanMan on June 22, 2012 at 3:51 PM

lostmotherland on June 22, 2012 at 3:48 PM

Azz, no one is for more outsourcing than Obama. See Brazil, for just one big example.

Schadenfreude on June 22, 2012 at 3:51 PM

Gee and when American businesses prosper aren’t they hurting FOREIGNERS, do you send any money to those hurt by American successes?

What in God’s name are you talking about?

HB3 on June 22, 2012 at 3:51 PM

This Erika was hired for laughs. Lol. Your anti middle class/ pit American against American party invented damaging, cheap and let me add racist populism.

Uppereastside on June 22, 2012 at 3:49 PM | Delete | Delete and Ban

Were you hired for comic relief, or to make us feel better about ourselves?

kingsjester on June 22, 2012 at 3:51 PM

Now I know you’re smoking something. Smoot-Hawley would like to talk to you.

gwelf on June 22, 2012 at 3:50 PM | Delete

I think Boeing would like to talk to you about their objections to France’s Airbus.

Stoic Patriot on June 22, 2012 at 3:51 PM

Yay for Chinese jobs! Yay for Indian call centers! We love President Free Trade!

lostmotherland on June 22, 2012 at 3:48 PM

Someone escaped from the Commune!

kirkill on June 22, 2012 at 3:52 PM

I’m not refuting that’s how the market works. I’m refuting that everyone is better off as a result.

Stoic Patriot on June 22, 2012 at 3:44 PM

This sounds an awful lot like Obama talking about everyone getting a fair shot. It’s called competition. It drives businesses to be more efficient. The ones who can’t, or refuse to, compete drop out.

Is everyone better off? The consumers as a group are. Business becomes more lean and pricing becomes more efficient. If I run a business, I’m also a consumer. I want the same dynamics to work for me that are working for the individual. I don’t want to have to buy from some company who puffs up their price just because it’s “American”.

AubieJon on June 22, 2012 at 3:52 PM

National economic policy should seek to improve the welfare of one’s own country and citizens. Policies that achieve the opposite are essentially a betrayal of why government exists.

Stoic Patriot on June 22, 2012 at 3:40 PM | Delete | Delete and Ban

You finally said something I can agree with…

$10 billion green grant creates 355 annual jobs

Seven Percent Solution on June 22, 2012 at 3:52 PM

Yay for Chinese jobs! Yay for Indian call centers! We love President Free Trade!

lostmotherland on June 22, 2012 at 3:48 PM

Where was your computer made?

Del Dolemonte on June 22, 2012 at 3:52 PM

The term “real wage” is one that I almost never see the free marketeers use, because that’s the best measure of the welfare of the common man

What if the “real wage” for welders, in the US is $20/hour…but a Mexican welder can do it for $8….looks to me like the “real wage” IS $8…and you have many options, as the American welder, get out of the business, accept $8 an hour, or have the business go bankrupt and you get ZERO dollars/hour…..but if your goal/idea of a business is that it gives you a job and a great compensation, you’ve got the whole point of business and a job wrong….The compensation is the RESULT not the REASON for the job…..

JFKY on June 22, 2012 at 3:52 PM

Uppereastside on June 22, 2012 at 3:49 PM

Class, women and race wars are your purvue. Period.

If you find a mirror it will shatter from hypocrisy.

Schadenfreude on June 22, 2012 at 3:52 PM

FAIL-

Del Dolemonte on June 22, 2012 at 3:46 PM

Who has the new mod privileges today? Wasn’t that kj?

OmahaConservative on June 22, 2012 at 3:52 PM

HB3 on June 22, 2012 at 3:39 PM

And another Axelrod/Soros Hot Gas Sleeper Cell gets switched on.

Garbage. So now authentic conservatism is defined by celebrating outsourcing? I don’t recall that as a Tea Party platform.

HB3 on June 22, 2012 at 3:53 PM

I love this. This is exactly what bothers me too about “buy American made” I buy what is most economical. Anything else is insanity. Thanks for explaining why so well!
cheetah2 on June 22, 2012 at 3:27 PM

The new anti American conservatives. I rest my case.

Uppereastside on June 22, 2012 at 3:53 PM

No, and I don’t dispute your claim either. The problem with the claim as it was stated above was that it didn’t qualify that it pertains specifically to those people engaging in that particular transaction. And that itself requires certain assumptions (e.g. we’re not dealing with a market for lemons scenario)

Economics, to be practiced well, requires a remarkably high amount of qualifying statements.

Stoic Patriot on June 22, 2012 at 3:48 PM

So what economic system do you propose to make things “fair”?

gwelf on June 22, 2012 at 3:53 PM

Where was your computer made?

Del Dolemonte on June 22, 2012 at 3:52 PM

They are for the filthy work conditions in China an India, and they dare to comment like this.

Have you no shame?

Schadenfreude on June 22, 2012 at 3:53 PM

FAIL-

Del Dolemonte on June 22, 2012 at 3:46 PM

Who has the new mod privileges today? Wasn’t that kj?

OmahaConservative on June 22, 2012 at 3:52 PM

Everyone but me it seems.

Del Dolemonte on June 22, 2012 at 3:53 PM

Yay for Chinese jobs! Yay for Indian call centers! We love President Free Trade!

lostmotherland on June 22, 2012 at 3:48 PM
Where was your computer made?

Del Dolemonte on June 22, 2012 at 3:52 PM | Delete

Del, the better question might be, “Where was the computer you’re using at the Nurses’ Station made?”

kingsjester on June 22, 2012 at 3:53 PM

There’s also a difference between cost-cutting and innovation. Try to avoid rhetorical red herrings

Not really…innovation OR cost-cutting are critical to business success.

JFKY on June 22, 2012 at 3:54 PM

Its pretty hollow for Obama to be going after global capitalism what with Clinton having signed NAFTA, supported the WTO and Democrats and Republicans walking lock-stop with the whims of multi-nationals for years. But, I suppose, its good enough to have *someone* talking about the reality that the new globalism hasn’t really worked out for Americans. We pretended like if we helped to create new middle class markets overseas that they’d eventually buy our products. And they do! But none of those profits actually benefit American workers. Unless you count the super slow trickle down of the executives at those companies paying for yachts and stuff and hoping that those yachts and stuff are built here. Can multinational executives buy enough houses for their wealth to trickle down to the average American? Guess we’re gonna find out!

libfreeordie on June 22, 2012 at 3:54 PM

O/T, but this is bizarre. If I missed it here, sorry.

http://www.barackobama.com/news/entry/the-obama-event-registry?utm_source=twitterfeed&utm_medium=twitter

I thought it might be a joke, but it’s on Obama’s page too.

Lightswitch on June 22, 2012 at 3:54 PM

The new anti American conservatives. I rest my case.

Uppereastside on June 22, 2012 at 3:53 PM

Where was your computer made?

And your phone?

And your moped?

Del Dolemonte on June 22, 2012 at 3:54 PM

Trollapalooza!

kingsjester on June 22, 2012 at 3:55 PM

Yay for Chinese jobs! Yay for Indian call centers! We love President Free Trade!

lostmotherland on June 22, 2012 at 3:48 PM

You would be the first to biotch if your internet fees were raised to cover the cost of a unionized domestic call center; “What? It’s going up how much? This is outrageous!”

Bishop on June 22, 2012 at 3:55 PM

I’m not refuting that’s how the market works. I’m refuting that everyone is better off as a result.

Stoic Patriot on June 22, 2012 at 3:44 PM

You sound like someone who’s looking for equality of outcome.

SKYFOX on June 22, 2012 at 3:55 PM

Hey, Obama sends drones to Iran, and then instead of calling for self destruction, lets them have it. That’s outsourcing our Military to enemy #1.

kirkill on June 22, 2012 at 3:56 PM

What if the “real wage” for welders, in the US is $20/hour…but a Mexican welder can do it for $8….looks to me like the “real wage” IS $8…and you have many options, as the American welder, get out of the business, accept $8 an hour, or have the business go bankrupt and you get ZERO dollars/hour…..but if your goal/idea of a business is that it gives you a job and a great compensation, you’ve got the whole point of business and a job wrong….The compensation is the RESULT not the REASON for the job…..

JFKY on June 22, 2012 at 3:52 PM | Delete

You seem to be implying that by using the term “real wage” that I’m alluding to the labor theory of value. I’m not. The real wage is simply the nominal wage divided by the price level. The “real wage” is not the minimum of the set of wages paid for the same labor as you are implying. It’s a term with a formal economic definition. The higher the real wage is for a country’s own citizens, the better off they are.

Government does not exist to serve a business with no nationality, but citizens of its own nationality.

Stoic Patriot on June 22, 2012 at 3:56 PM

I’m not sloganeering. Businesses also cannot effectively outsource if you erect trade barriers (i.e. protectionism). A country is best off when it erects barriers in a manner that are beneficial to itself and detrimental to others. This way it maximizes political influence, and can extract rents from other nations.

Stoic Patriot on June 22, 2012 at 3:46 PM

Yes, more government should fix it. So then those countries retaliate by slapping tariffs on our exports, which harm other US companies. The relative gain from the cheaper imports is simply shifted to the more expensive products from the onshore companies, who of course pass the increased costs onto the consumer and other companies. The end-user prices go up and real wages decline.

Chuck Schick on June 22, 2012 at 3:56 PM

Everyone but me it seems.

Del Dolemonte on June 22, 2012 at 3:53 PM

Ii don’t have them either…

OmahaConservative on June 22, 2012 at 3:56 PM

What if Party C is in a Communist country that is artificially reducing their prices just to price Party B out of the market?

Buckshot Bill on June 22, 2012 at 3:49 PM

We’re talking about making purchasing choices here. A consumer can choose who he buys from, and if he doesn’t want his money going to a a communist C, then he can pay more for B. Furthermore, the consumer of A’s products can choose to either buy A, knowing where the parts came from, or not.

AubieJon on June 22, 2012 at 3:56 PM

Its pretty hollow for Obama to be going after global capitalism what with Clinton having signed NAFTA

libfreeordie on June 22, 2012 at 3:54 PM

NAFTA wasn’t “global capitalism”, it was capitalism between the US and the only two countries bordering it.

Try again.

Del Dolemonte on June 22, 2012 at 3:56 PM

You sound like someone who’s looking for equality of outcome.

SKYFOX on June 22, 2012 at 3:55 PM | Delete

Feel free to think that. You’ll still be wrong about my motives. =)

Stoic Patriot on June 22, 2012 at 3:56 PM

Yes, more government should fix it. So then those countries retaliate by slapping tariffs on our exports, which harm other US companies. The relative gain from the cheaper imports is simply shifted to the more expensive products from the onshore companies, who of course pass the increased costs onto the consumer and other companies. The end-user prices go up and real wages decline.

Chuck Schick on June 22, 2012 at 3:56 PM | Delete

You’re assuming that countries will retaliate. You forget that other countries currently practice this towards the US, and we do not respond in kind. In fact, Erika was good enough to point that out above and demonstrate that we’re getting screwed.

If our government can find a sucker like the US is on trade with China, and extract rents from them, do so.

Stoic Patriot on June 22, 2012 at 3:58 PM

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