Senator Debbie Stabenow Refutes White House Council of Economic Advisors Pronouncement that Outsourcing American Jobs is Good for America

Senator Debbie Stabenow Refutes White House Council of Economic Advisors Pronouncement that Outsourcing American Jobs is Good for America

WASHINGTON— Speaking out on the floor of the U.S. Senate Tuesday, U.S. Senator Debbie Stabenow (D-MI) took issue with the claims of N. Gregory Mankiw, a top economic advisor to President Bush, that outsourcing American service jobs to other countries was good for the U.S. economy.
Stabenow’s concern centered on Mankiw’s claim that shipping jobs offshore is “the latest manifestation of the gains from trade,” a statement he made at a Monday press conference as he unveiled the annual report of the White House Council of Economic Advisors. Mankiw, chairman of the council, went on to say that outsourcing “is probably a plus for the economy in the long run.”