Schumers protectionist stance is regrettable. He is using a day of heightened nationalist sentiment (Memorial Day) in a very dangerous way. He isn’t reacting to increased use of overseas calling centers, which have been declining over the last three years, but instead is reacting to an increased nationalist public sentiment in the US at a time of hardship and to which he wishes to appeal. I hope these aren’t his real views. He should know better.
The reality despite the pandering we hear, is that we need to encourage free trade, and are members of the WTO. We would be brought before the WTO if we took government action designed to reduce free trade in products or services, and would then have to reverse the legislation. It isnt just policy, but a realization that we have far more to loose by isolating ourselves. There is no future in being a high cost economy just for the sake of nationalism.
Dont think that global companies dont read these comments and reduce their commitment to the US for fear of nationalist policies and unequal treatment. We no longer have such a strong local financial system, and need global companies to want to offer cost effective services and to invest heavily in the US, if we are to recover. It is a choice. But please don’t follow people like Schumer’s rhetoric. He isn’t thinking it through, or more likely is just talking unrealistically in order to win nationalist votes. Either way it is not helping us frame effective policies.