Click Here For Bruce Bartlett: The debate over outsourcing needs some facts

Bruce Bartlett: The debate over outsourcing needs some facts: "What you won't find on the Kerry Web site are any references to serious studies of outsourcing. The reason is that they all find the issue to be seriously overblown, responsible for a trivial amount of job loss at most and generally a positive thing for the U.S. economy. These include studies by former Democratic administration officials.

In July, economist Martin N. Baily, chairman of the Council of Economic Advisers under President Clinton, looked at who benefits from outsourcing. He found that for every $1 spent by a U.S. corporation on outsourcing to India, only 33 cents stayed in India. The other 67 cents came back to the United States in the form of cost savings, new exports and repatriated profits. However, productivity gains add another 45 cents to 47 cents of value to the U.S. economy. Thus, on balance, the U.S. economy gains $1.12 to $1.14 for every $1 invested in outsourcing. "