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Treasury Secretary Snow: Outsourcing Can Help the Economy NewsMax.com WiresCINCINNATI – 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 was 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 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's Council of Economic Advisers, who stirred controversy by suggesting that shipping U.S. service jobs overseas could be good for the economy.
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Editor's note: Read more on this subject in related Hot Topics: Bush Administration |
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