OBAMA JOB CZARS OUTSOURCE AMERICAN JOBS

Let’s Talk About Outsourcing
http://www.eagleforum.org/publications/column/2012-07-18.html
Eagle Forum – Phyllis Schlafly – 7/18/2012

President Obama’s promises would focus on creating “jobs that pay well and can’t be outsourced.” Yet he spent billions of U.S. taxpayer’s money overseas to create outsourced jobs.

Jobs Czar, Jeffrey Immelt, the CEO of GENERAL ELECTRIC.
light bulbs in China.
Vietnam to produce wind turbine components.
wind turbine manufacturer ATI Casting parts cheaper from China, so ATI was forced to lay off 302 American workers.

Obama set up a $2.4 billion Stimulus program to support battery production. But nearly half that money went to foreign firms, including two South Korean companies that used their grants to hire foreign nationals in Michigan to do work that Americans could have done.

Click the link above—the list is very long

Let’s Be Honest About Outsourcing

http://blog.heritage.org/2012/07/19/morning-bell-lets-be-honest-about-outsourcing/

The Foundry – Amy Payne – 7/19/2012

What is popularly referred to as “outsourcing” is the practice of offshoring business functions, including building facilities and employing workers in other countries. Liberals often argue that “sending jobs overseas” is harming America’s economy.

Multinational corporations still employ more Americans. U.S.-based multinational corporations employ 22.9 million Americans—more than twice as many people as they employ in China, Mexico, and all other countries combined.

America’s competitive disadvantages:

Hong Kong, ranked No. 1 in the Index, has an economy that has been growing at 7 percent. U.S. GDP growth in the first quarter of 2012 was a paltry 1.9 percent.

America is No. 10. Hong Kong’s top corporate tax rate is only 16.5 percent, compared to the U.S. rate of 35 percent. Hong Kong’s trade regime is one of the world’s most competitive and efficient, with a zero tariff rate. And its regulatory environment is “highly supportive of business efficiency.”

Meanwhile, in the U.S., runaway regulations growing by the day make doing business vastly more expensive and difficult. The government is holding back the economy through regulation and its nonstop deficit spending.

Excessive federal spending and the resulting budget deficit continue to be a problem. The government borrowed more than $400 billion from foreign investors. Those dollars could have been invested otherwise in the private sector of the U.S. economy or spent on U.S. exports.

Increasing our own economic freedom would spur growth in the economy, bringing greater prosperity and new enterprises to our shores.

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