Maybe before John Kerry starts telling the rest of us to stop outsourcing he should talk to his wife:
Sen. John Kerry is fond of calling CEOs who employ foreigners “Benedict Arnolds,” after the despicable Revolutionary War turncoat.
But look at H.J. Heinz & Co., the family business of Kerry and his wife Teresa. Of the 79 factories that the food-processor owns, 57 (a felicitous number!) are overseas. According to its website, Heinz is making ketchup, pizza crust, baby cereal and other edibles in such countries as Poland, Venezuela, Botswana, China, Thailand and India.
Put hypocrisy aside. The traitors to American interests aren’t CEOs seeking to boost profits that ultimately lead to more hiring at home. The real Benedict Arnolds are Kerry and his colleagues in Congress, like Sens. Hillary Clinton (D-NY) and Jon Corzine (D-NJ), who understand enough economics to know that outsourcing is trade and that trade — as David Ricardo figured out 200 years ago and as Hillary’s husband articulated in the 1990s — benefits both parties.