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.

Is this whats coming to America?

There is growing anger being displayed in Europe over austerity measures. People are upset with spending cuts by various governments and the threat of increased taxes.

There are budget crisis and governments no longer have the resources needed to cover the expenses associated with years of very generous entitlements. The protests that we are witnessing are coming about because many that will be impacted claim their livelihoods will be compromised by these changes. Unions are showing solidarity with the protesters - often encouraging them. They claim the protests are necessary to show the scale of opposition to these austerity measures. Governments are feeling the squeeze between what they know has to happen and what the protesters are demanding. There is not a lot of room to maneuver.

Is this what we can expect to happen here in America? Today we find ourselves on the edge of a cliff - teetering one way or another. Come January America will either fall over the cliff or get pulled back. In either case we as a country will find ourselves having to make some very unpleasant decisions. We run the very real risk of taking the path that Europe is going down. We cannot, though, continue upon the path that we find ourselves on. Raising taxes and cutting back so that we can live within our means is the only way to get us out of the hole we are slipping into.

There are going to be some very tough decisions that our leaders will be making. Decisions that will affect the entitlements that many in this country have become dependent upon. Pensions that can not be funded in the manner that they once were. There seems to be three options available to us:

1. Raise taxes on those that are still paying taxes. Do this across the board. There should not be any segment that gets a free ride. Raising taxes will in theory keep the entitlements that are out there and would cause the least harm to those receiving them.

2. Raise taxes and reduce entitlements. Do this across the board. As above no segment of society should get a free ride. Everyone will feel the pain.

3. Raise taxes, reduce entitlements and encourage job growth. The idea of getting more people on a payroll and paying taxes means in theory that taxes would not have to be raised as much and entitlements would not have to be reduced as much.

There are many ideas that could work - what is not working are the current ideas because it is only delaying what is inevitable - what we are seeing in Europe. If that is what this country wants then I suspect we will be seeing it soon. America is not like this - I hope

Obama Jobs Council Packed With Outsourcing Companies

Huffington Post

WASHINGTON -- During the past two weeks, President Barack Obama's campaign has blasted Republican challenger Mitt Romney as an “outsourcer,” focusing on his career with private equity firm Bain Capital. The Romney campaign hit back on Tuesday, claiming Obama's stimulus package failed to protect American workers and helped create jobs overseas.

If Romney really wanted a juicy example of outsourcing, he would have to look no further than the president's jobs council.

Full story: Huffington Post