Obama aide bats for outsourcing

A top aide of US President Barack Obama has said both outsourcing and insourcing are here to stay, even as the Obama campaign has charged Republican presidential candidate Mitt Romney with outsourcing jobs overseas.

 
“It is important to recognise that insourcing, outsourcing, supply chain complexity, supply chain disaggregation are here to stay,” Laura Tyson, former Clinton Administration Chair of the Council of Economic Advisors and an economic policy advisor to the Obama Campaign, said on the sidelines of the Democratic National Convention here.

“The challenge for the US is to make the country a very attractive place to do business. So the US companies decide to stay, bring back, and foreign companies continue to move here.

And we shouldn’t do anything, as I said, in a biased way to influence outsourcing or insourcing by our tax codes. We have to change our corporate tax code. The President has embraced that,” she told reporters.