Word: offseting
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Dates: during 1990-1999
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...cause much more economic pain than they would ease. Liberal trade policies have created more--and better--jobs in export industries than they have wiped out in those businesses hurt by imports. Even the much despised movement of American factories to Mexico and other low-wage countries has been offset--in job creation, though not in hoopla-by the opening of foreign--owned plants in the U.S. It would take a string of Mexican maquiladoras to match the Honda plants in Ohio that employ 11,200 workers...
...competition is hard to pin down; Buchanan's estimate of 300,000 wiped out as a result of the NAFTA treaty with Mexico and Canada seems plucked out of thin air. To the losers, though, it is a statistical abstraction to argue that the losses have been more than offset by job gains in export industries. Honda's success in Ohio does nothing to help Watsonville, California (pop. 33,798), where the unemployment rate has jumped to close to 20%. A number of vegetable-freezing plants there have shut down, and the owners of some have moved operations to Mexico...
Take Forbes' make-believe on the deficit. Forbes' tax cuts would blow an estimated $140 billion hole in the budget; the spending cuts that he says would offset the cuts are vague blather. He wouldn't cut defense. He says he would 'wipe out' corporate welfare but offers no specifics, saying between campaign stops only that 'a lot can be done with agriculture subsidies." Forbes says he'll "strip" the departments of Commerce, Education, Energy and Housing and Urban Development of "all but essential functions." Sounds tough. But it's a knock-off of the G.O.P.'s box-shuffling plan...
...percent increase in the number of early applicants offset the drop, resulting in an overall increase of 1 percent, the smallest rise since...
...Offset with the hyperreality of the homeless characters in the audience (several audience members drew close their valuables or else took out change to give the actors, assuming they were authentic), the sum effect is one of deranged imbalance. This is especially true when a jazz band takes the stage and the homeless pair perform a choreographed dance and pretend to be playing along on tubes shaped like saxophones and guitars. The scene is perplexing, pointless, and childishly extreme...