What Happened to Outsourcing?

The demand for accountants is soaring, according to many news reports. (See this and this.) College graduates looking for jobs in accounting have it very good indeed. Only a few months ago a host of fear-mongering, protectionist pundits and politicians (Lou Dobbs of CNN, to name one) were warning that this was the very kind of job that would be sent overseas in an orgy of "outsourcing."