The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

Obama’s outsourcing hypocrisy

Barack Obama’s campaign released three ads, in IowaOhio and Virginia, attacking Mitt Romney for Bain Capital’s involvement with companies that practiced outsourcing, but evidence suggests he wants it both ways.

Romney’s campaign fired back, citing studies that blame Obama for having done the same thing.

Obama then referred to Romney as a possible “Outsourcer in chief.”

“You’ve got to give Mitt Romney credit” because “he’s a job creator in Singapore, China, India,” Vice President Joe Biden said.

Romney’s campaign cited an April report in the Wall Street Journal, showing that American companies had added more jobs overseas than domestically.

Campaign officials contend Obama’s economic policies are responsible.

The Romney campaign also circulated a June 26 report from the Washington Free Beacon criticizing the president’s campaign for its own outsourcing.

Free Beacon reporter Bill McMorris reports that the Obama campaign paid a Canadian company. Pacific East, $4,700 for telemarketing services between May and June. The campaign also opted to pay $78,314.10 to a call center in Manila, Philippines for telemarketing services.

ABC News’ Devin Dwyer criticized McMorris’s report, noting that Pacific East “has a division headquartered in Beaverton, Ore., to oversee U.S. business operations” and that the Free Beacon report did not cite any evidence that the call center used by the campaign was in Canada.

Even if the telemarketers operated in the United States, the Obama campaign still financed Pacific East’s executives, who base their operations in Canada.

The Free Beacon followed up with another report Wednesday outlining the president’s connection with companies that have profited from outsourcing.

Obama notably appointed General Electric CEO Jeffrey Immelt to head his jobs council. Under Immelt’s leadership, General Electric laid off 34,000 employees in the United States, while adding 25,000 jobs overseas. General Electric “paid no income tax on $5.1 billion in domestic profits – 35 percent of its worldwide profit of $14.2 billion.”

Months after the Obama administration’s $50 billion bailout of General Motors, the company announced that it would close 13 of its 47 American plants in 2010, as well as three more domestic plants by 2014, and begin importing vehicles from overseas, according to McMorris.

“The administration granted the automaker a $45 billion tax write-off that allowed it to pay no income tax, despite taking in a record-$7.6 billion profit in 2011,” McMorris wrote.

In addition to the money given to outsourcing companies General Electric and General Motors, the Obama stimulus sent $1.7 billion in green energy grants overseas, while only $500 million went to domestic operations.

McMorris also reports that “the energy-efficient focus has translated to large job losses in swing states, such as Virginia.”

In September 2010, General Electric closed its last major incandescent light bulb factory in the US. The close left 200 laborers out of work in Winchester, Va.

 

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