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Banishing businesses: the burden of socialist regulations here at home, not corporate greed or even low foreign wages, is the single most important factor driving U.S. manufacturing jobs abroad.(Jobs)

The New American

| January 12, 2004 | Grigg, William Norman | COPYRIGHT 2004 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In December, as the Dow crested 10,000 for the first time in over a year and major retailers came under siege by Christmas shoppers, recovery seemed to be at hand. But looming behind these glad tidings was the specter of "outsourcing" as U.S. companies, seeking to cut costs, send well paying jobs in manufacturing and technology abroad.

While it's true that the economy has created many new jobs, for the most part they pay much less than the jobs being lost. Notes former Treasury Department official Paul Craig Roberts: "In November the U.S. economy was able to create only 50,000 private sector jobs--almost all in low-paying services [such as] temporary help, ...

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