Kyle July 15, 2012 6:38 am
The Obama campaign has released a video (below) http://www.ijreview.com/2012/07/10585-barack-...
mocking Mitt Romney to the tune of “America the Beautiful” based on thoroughly debunked claims about “outsourcing jobs” that not even the mainstream media can defend. Despite evidence that Barack Obama’s unrelenting campaign against Mitt Romney’s Bain Capital career isn’t leading to substantial election race gains, the president has kept up his class warfare tactics in true radical community organizer form.
But even if the left’s hysterical protestations had merit (and they don’t), who is the nation’s chief job outsourcer? Blogger Doug Ross compiled an eye-opening list of Obama’s outsourcing record. On his short list was the outsourcing of NASA missions to the Russians, Brazilian oil exploration, automotive jobs to Finland, and Keystone pipeline jobs to the benefit of China.
As Jim Geraghty of National Review commented, at least $29 billion in outsourcing has occurred on the president’s watch. The challenging of this finding on MSNBC even led to a laughable exchange between Andrea Mitchell and John Sununu (Check out the ‘Must Watch’ video below). http://www.ijreview.com/2012/07/10585-barack-...
In this exchange of numbers, however, we must not overlook the difference between a private firm that has authority and responsibility over its own funds and operations, and a government that uses coercion to raise funds for projects, whether citizens desire them or not. A multi-national corporation arranging operations in foreign countries is not morally equivalent to a government sticking up taxpayers and sending their money overseas.
While the private economy struggles, opportunities abound in nations that are moving towards economic freedom instead of away from it. If we take into account that America, the land of the nominally free, has the highest corporate tax rates in the developed world, and regulations so cumbersome it leads to billions upon billions in yearly waste, President Barack Obama is likely the greatest outsourcer in world history.