Detailed text transcripts for TV channel - MSNBC - 20120715:13:38:00
Period. >> that i believe. but the point is that, there is a case that this is, that it's rational and, indeed, beneficial to move these kind of jobs out of this country. >> just a few more things. 85%, prior to 2000, 85% of the manufacturing jobs lost were lost at domestic productivity gains. two-thirds were lost, so, there's a lot of offshoring that might have occurred. i was the head of the manufacturing practice at bain. there were lousy investments if you take stuff over to china. the value is gone and it's a lousy commodity product and you're making it in high volume. that's not where su...