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posted by on Wednesday April 26 2017, @06:55PM   Printer-friendly
from the pants-on-fire dept.

Common Dreams reports:

In yet another reminder of how corporate-friendly the Trump administration has been—despite campaign pledges to defend American workers and "buy American, hire American" rhetoric—a new study out [April 25] reveals that the president continues to reward U.S. companies who ship jobs overseas.

According to the analysis (pdf), conducted by Good Jobs Nation along with Public Citizen's Global Trade Watch, "the flow of federal contract awards to major offshorers has continued unabated since Trump's inauguration."

The outsourcing of American jobs to other countries is a major issue for American voters, and helped propel President Donald Trump's victory in a number of economically distressed rust-belt states.

Despite this, as many as "56 percent of the top U.S. firms awarded the largest taxpayer-funded contracts in fiscal year (FY) 2016 engage in offshoring", the report notes. Further, 41 of the top 100 federal contractors--which in 2016 received a combined $176 billion in taxpayer dollars--have shipped jobs overseas and "many continue to do so today".

[...] "Even though he's signed over 60 executive orders during his first 100 days, he has yet to use the power of the pen to stop corporations that receive taxpayer dollars from shipping American jobs overseas", said Joseph Geevarghese, director of Good Jobs Nation.


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  • (Score: 0) by Anonymous Coward on Wednesday April 26 2017, @10:56PM

    by Anonymous Coward on Wednesday April 26 2017, @10:56PM (#500405)

    The terms "depression" and "recession" gauge how The Speculators' Market is doing.
    That has nothing to do with the actual economy and hasn't for a long, long time.

    USA's GDP growth has been flat for ages and the Labor Non-Participation Rate has been 23 percent for years.
    It's time we started ignoring the folks who use the meaningless terms and start paying attention to the stuff that reflects how The Working Class is doing.

    Not only has there been no "recovery' for Joe Average, with each passing week, more and more Joes are becoming part of The Precariat (hanging on by their fingernails).

    -- OriginalOwner_ [soylentnews.org]