IS THE POST trying too hard to make up for the fact they wouldn’t retract their outsourcing report on Mitt Romney?
Today they run an outsourcing story on Pres. Obama, citing one single, solitary organization, utilizing a headline that claims Obama “draws criticism from the left.”
American jobs have been shifting to low-wage countries for years, and the trend has continued during Obama’s presidency. From 2008 to 2010, U.S. trade with China alone cost about 450,000 American jobs because of the growth of Chinese exports, said Robert E. Scott, a pro-labor advocate at the liberal Economic Policy Institute. That figure was less than in previous years, but the decrease was probably tied to the U.S. economic slowdown, which crimped demand for imports.
“I think he has walked away from the campaign commitments,” said Scott, the institute’s director of trade and manufacturing policy research. “He has done far too little to improve U.S. trade.”
According to a study by the U.S. Bureau of Economic Analysis, large American companies in 2010 barely added any workers in the United States, increasing their numbers by 0.1 percent, while they expanded their foreign workforce by 1.5 percent. That was business as usual – between 2004 and 2010, the bureau reported, foreign affiliates hired 2 million workers while 600,000 were added by the companies at home.
Team Romney has been caterwauling about the Post report since it came out, with today marking the beginning of what’s being billed in the Beltway press as the big “pushback,” with Team Romney circulating today’s Post article.
Reading the story today on Obama, it looks pretty over-exercised, not to mention thin. I guess “fair and balanced” was the goal. It belies the reality that our economy is flat and people aren’t buying. Demand rules and that’s a lot bigger issue than Pres. Obama.