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In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

Outsourcing was the bogeyman of the '90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.

There are companies that are cutting their costs by over 50% by offshoring.

We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.

Reliable data on the outsourcing of American jobs is sorely missing from the debate on globalization.

The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles.

The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it.

We can choose a future where we export more products and outsource fewer jobs. After a decade that was defined by what we bought and borrowed, we're getting back to basics, and doing what America has always done best: We're making things again.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.