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Lou Dobbs interviewed in Mother Jones on Outsourcing

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Robert Oak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-10-05 01:05 PM
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Lou Dobbs interviewed in Mother Jones on Outsourcing
The Federal Reserve did a study four years ago that demonstrated that any time a trade deficit rose above 5 percent of a national economy’s GDP, an inflection point had been created. We are now approaching 6 percent of GDP. Obviously, I hope this does not result in crisis. That is, a debt crisis because of the amount of money we have to borrow from overseas to support our imports, nor a diminishment of our tax base through outsourcing to the point that jobs become so poor-paying that we can’t maintain our tax base. But all of that is entirely possible unless people awaken to the dangers that are being posed. I know this is dull stuff for many people, to talk about external debt and currency devaluations. But the fact is, they’re all in prospect if we do not reverse these mindless policies.

http://www.motherjones.com/news/qa/2005/02/lou_dobbs.html
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spikesmom Donating Member (61 posts) Send PM | Profile | Ignore Mon Feb-14-05 11:46 AM
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1. We Can Stop Supporting Companies That Outsource
This may be all that we can do but it will be effective and make a dent in their business's bottom line! Stop buying from companies that outsource and let them know-also let them know that you are going to tell your friends and other activist- based groups! I just called Playtex Corporation and told them that I won't buy their products anymore because they are laying off US workers and will be outsourcing overseas instead (I found this out via MSNBC).
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