Regarding the runup to the Bush-Kerry elections on Nov 2nd.
Bush - More focus on Security, Nuclear proliferation,... (International)
Kerry - Economy, Healthcare (Domestic)
Kerry is notably against outsourcing saying that he would end tax breaks for companies which have oversees subsidiaries. (Until now, overseas subsidaries didn't pay tax until profits were reaped in the US). If this is done, then, some companies would have to pay double taxes (one at the home country and one at the subsidiary company). This would be a move to create more jobs at US rather than outside.
It is more a political play rather than an economic play.
Bush is more for free trade and hints that limiting outsourcing will have adverse impacts in the long term. In the same breathe, he argues that he will get countries to open up to give access to their markets.
But companies i think have realized that outsourcing is the nature of the day and have begun to financially realize the benefits of outsourcing.