Tuesday, February 12, 2013

I was channeling Republican Mitt Romney – Obama is quoted – or was he?

At a campaign speech given at Kent State University on Wednesday September 26, 2012 President Obama was quoted as saying that he was in favor of outsourcing US jobs. It was quickly stated that the President had misspoke. Or did he?

The fact that the President's policies of higher taxation and regulation, of Obama care and blocking aspects of energy production is forcing the exportation of US jobs. Exactly what he had accused Romney of doing.
Take the following outsourcing examples:
  1. Fisker – the electric-car company was to use part of its $529 million federal stimulus loan guarantee to build a manufacturing facility. This facility was going to create and support 500 or so jobs. The plant was built in Finland instead of in Delaware.
  2. GM who is owned by the US taxpayer is required to share the taxpayer-subsidized technology it has created with our competitors in China. This is considered the cost of doing business with China.
  3. GM has also agreed to giving the technology that goes into every Cadillac to its competitor and partner in China
  4. China was allowed to place a 30% tariff on excavators made by Caterpillar and other US heavy equipment manufacturers. This forced these companies to build plants in China. Part of the cost was giving away the technology behind the machinery.

Since 2010 the US has been exporting an estimated 30,000 middle class jobs to China and other countries - per month.  Is it any wonder that we – as a nation – have seen the disintegration of middle class families? The policies that Obama supports is making it more expensive for US firms to do business in the US. Other nations are more than willing to take those jobs from us.

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