read the whole link
[link|http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=37516|http://www.worldnetd...?ARTICLE_ID=37516]
President Bush and his advisers are puzzled and worried.
Economic liftoff took place right on schedule in July when the tax cuts took effect. In the last six months of 2003, the economy blazed along on a growth path of 6 percent. But where are the jobs?
Last week's jobs report, with hundreds of thousands giving up the search for work, and manufacturing jobs disappearing for the 43rd straight month, jolted the White House. What is going on?
They're calling it a jobless recovery. Wrong. Millions of jobs are being created. They're just not being created here in the United States.
The reasons can be traced to these four acronyms: NAFTA, GATT, WTO, PNTR. These are the trade treaties and global institutions that have permitted the historic substitution of foreign labor for American labor, to the enrichment of the transnational companies that look upon the Congress as a wholly owned subsidiary.
Numbers do not lie. In 2003, America exported $1 trillion in goods and services. Almost 10 percent of GDP. Excellent. By the Clinton-Bush I rule \ufffd $1 billion in exports creates 20,000 jobs \ufffd that $1 trillion worth of exports created 20 million jobs. Exports are good for America.
The problem? We imported $1.5 trillion in goods and services. That created or supported 30 million jobs abroad. But even this understates the case. For foreign workers can be hired at a fraction of the cost of a U.S. worker. Our $1.5 trillion in imports is probably supporting 150,000,000 jobs abroad.
thanx,
bill