GOP turns tables, calls Obama the outsourcer
By GEOFF HOLTZMAN
Talk Radio News Service
WASHINGTON - The Republican National Committee has launched a new campaign aimed at portraying President Obama as a massive exporter of American jobs.
Following a Washington Post report that depicted some Democrats as being unhappy with Obama’s failure to rewrite the tax code to encourage less outsourcing, and press other nations, namely China, over unfair trade policies, a new RNC website accuses the president of having allowed billions in stimulus funds and domestic loan guarantees to escape overseas.
ObamanomicsOutsourced.com lists all the countries that received money from the president’s American Recovery and Reinvestment Act of 2009, an $800 billion program intended to quickly respond to the U.S. recession, which caused unemployment to spike to nearly 11 percent.
The site reveals that a large chunk of money earmarked for clean energy programs ended up in the hands of foreign companies. For example, the RNC alleges that “North Carolina-Based LED Maker Cree Inc. Received Over $39 Million Through The Stimulus And Later Opened Its First Plant In China. Over Half Of The Company’s Employees Are Now Located In China And Cree’s CEO Says The Company’s Strategy Is “Cree Chip, China Heart.”
The campaign represents a lengthy response to the Obama campaign’s repeated attacks against Mitt Romney, whose private equity firm, Bain Capital, invested in companies that moved jobs overseas. The Post once described Bain Capital as a “pioneer” in the outsourcing movement.
The White House dismissed the website , labeling it a distraction from Romney’s past record on outsourcing.
“The truth sometimes hurts and that’s true for Mitt Romney on outsourcing,” said Obama spokeswoman Jen Psaki. “We understand why the Romney campaign wants to try to muddy the waters here.”
Short URL: http://reportergary.com/?p=25981
Posted by Gary
on Jul 10 2012. Filed under Breaking News, Economy/Business/Labor, Politics, US.
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