President Obama has accused Mitt Romney of raking in profits from investing in companies that ship American jobs overseas, but according to his most recent financial disclosure, he and First Lady Michelle Obama have hundreds of thousands of dollars in a mutual fund that has large holdings in corporations that outsource jobs.<quoted text>That fuzzy math republican president before Obama put our counrty in a quagmire of such high proportion that Obama and our Democratic Congress had no choice but to extend unemployment benefits to keep those that lost their jobs (through no fault of their own!) from starving to death along with thir families! Heck, the republicans even went so far as to filibuster a bill brought to the house by humane democrats (S.3816) that would have stopped tax breaks for companies shipping our jobs overseas and consequently keep more jobs here at home where they belong. Unfortunately, thanks to republicans, that blll never made it to the floor for a vote! So if you want more of the same vote Zomney, if not, Vote Obama!
The mutual fund that the Obamas have invested in also held 94,582,281 million shares of General Electric, valued at $1.4 billion, as of the SEC filing. The multinational conglomorate has a long history of outsourcing – according to a new book cited by the New York Times, in 1989,“G.E. became the first U.S. company to outsource software work to India.” Obama also has close ties to GE’s CEO, Jeffrey Immelt, who was appointed as chairman of his outside panel of economic advisers last year.
Obama is the LAST person who should be criticizing about OUTSOURCING JOBS!! Has anyone figured out exactly how much stimulus money was given to companys outside the U.S.A & how many JOBS were created OUTSIDE the USA.??
Most GM cars are made in Mexico and Canada...Then look at GE.