The Bailout & Offshoring Jobs.November 25, 2008 at 11:08 am | Posted in Economy | Leave a comment
Tags: american workers, bailout, bill richardson, china, commerce, Economy, employment, india, obama administration, offshoring jobs, southeast asia
Steve Clemons asks, “Then, why isn’t anyone asking the question of the CEOs of these firms about what their new social contract with America and working Americans should be after having their companies literally “saved” during this economic crisis? What if we see the funds from the bailouts go to increasing the rapidity of off-shoring to India, China, and elsewhere in Southeast Asia?”
Good questions. Let’s hope American taxpayers and workers get good answers.
(Photograph courtesy of The Library of Congress, reproduction no. LC-USZ62-94171)