Clinton says U.S. to ease Myanmar imp...

Clinton says U.S. to ease Myanmar import ban

There are 8 comments on the Reuters story from Sep 26, 2012, titled Clinton says U.S. to ease Myanmar import ban. In it, Reuters reports that:

Secretary of State Hillary Clinton told Myanmar President Thein Sein on Wednesday that the United States would take steps to ease the U.S. ban on imports from the country, a major boon to the Southeast Asian nation as it emerges from years of political and economic isolation.

Join the discussion below, or Read more at Reuters.

“Truth to Power!”

Since: Apr 07

United States

#1 Sep 26, 2012

Hillary has always been on the side of Outsourcing and NAFTA style trade agreements that both Bill Clinton and Hussein Obama signed that Kill US Jobs.

“Truth to Power!”

Since: Apr 07

United States

#2 Sep 26, 2012

Hillary clears outsourcing air

Hillary Clinton made it apparent where she stood on outsourcing during her India visit, in an attempt perhaps to clear the Indian misgivings received during the Kerry campaign.

"There is no way to legislate against reality. Outsourcing will continue," she told an audience of Indian big-wigs. She pointed out that there were 3 billion people who feel left behind and are trying to attack the modern world in the hope of turning the clock back on globalization.

"It is not far-fetched to imagine ... if the Indian miracle would be the one of choice of those who feel left behind," said Hillary.

Hillary has been at the forefront in defending free trade and outsourcing. During the height of the anti-outsourcing backlash in the US last year, she faced considerable flak for defending Indian software giant Tata Consultancy Services (TCS) for opening a center in Buffalo, New York. "We are not against all outsourcing; we are not in favor of putting up fences," Hillary said firmly, despite inevitably invoking the ire of the anti-free trade brigade.

Hillary further clarified her position during her recent visit as well as solutions that could be beneficial to both countries. She urged Indian industries to invest more in the US to allay negative outpourings over outsourcing of American jobs to India. "I have to be frank. People in my country are losing their jobs and the US policymakers need to address this issue," she said. She ruled out that the anti-India feeling was a reflexive reaction, and explained that the feeling was more because of the imbalance in trade between the two countries, which in turn caused anguish among Americans about the nature of the economic relationship.

"In 2003, US merchandise exports to India was $5 billion, while India exports to the US was $13.8 billion. Though the US understood that the economic vibrancy of India was in its own interest, there are people who feel left behind and might stir up negative feelings against India because they do not understand the economic benefits of outsourcing," Clinton remarked.

“Truth to Power!”

Since: Apr 07

United States

#3 Sep 26, 2012

President Obama says wants to export jobs

by Kimberly Schwandt
September 26, 2012

KENT, Ohio - President Obama apparently misspoke in a speech at Kent State Univeristy, saying "I want to see us export more jobs," a line likely to become immediate fodder for his opponent, Republican presidential nominee Mitt Romney. Quickly realizing he made the mistake, Obama corrected himself: "I want to see us export more jobs, export more products - excuse me."

Some habit never die with the liar Obama. He doesn't know what's the truth or a fib anymore. The guy's a Jackass.

“Truth to Power!”

Since: Apr 07

United States

#5 Sep 26, 2012

Obama Administration Outsourced Jobs with Stimulus Funding

By Matt Cover
July 10, 2012

( )– The Obama administration allowed millions of dollars in federal stimulus funds to go to foreign companies, despite recent statements by President Barack Obama that he opposes “shipping jobs overseas."

Obama’s 2009 economic stimulus spending law--the $787 billion American Recovery and Reivnestment Act--gave millions of federal dollars to foreign companies or funded domestic companies that built factories in foreign countries or bought foreign products.

For example, there is the North Carolina LED manufacturer Cree Inc. Cree was awarded $39 million through a stimulus-funded tax credit program in January 2010. However, half of the company’s employees are in China and the company opened a manufacturing plant in Huizhou City, China in November 2009, according to an article in the industry publication LEDs Magazine.

“Truth to Power!”

Since: Apr 07

United States

#6 Sep 26, 2012

Obama's Outsourcing detailed:

According to the same article, Cree CEO Chuck Swodoba said he did not consider Cree Inc. to be run like a completely American company.

“Cree management never runs this company as a US company. We consider Cree to be a global company with local wisdoms,” Swodoba said.

Swodoba also said he would continue expanding into China, adding that Cree would keep creating jobs there because it could take advantage of both China’s human resources and its “state-of-the-art technology.”

“We will continue to invest here [China] for both human talent and the most state-of-the-art technologies,” he said.

Another example of stimulus outsourcing is Japanese wind energy firm Eurus Energy, whose U.S. subsidiary, Eurus Energy America, received $91 million in stimulus funds to build a wind farm in Texas, according to a 2010 report from American University. That wind farm reportedly was built with wind turbines manufactured by another Japanese company – Mitsubishi.

“Eurus Energy America, the U.S. subsidiary of a Japanese firm, received $91 million in stimulus money for its Bull Creek wind farm in Texas. The farm consists of 180 Mitsubishi turbines,” the American University report said.
Windpower Tax Credit

Eurus told American University that the wind farm was actually built by British firm RES Americas and is now being run by EnXco, an American subsidiary of the French energy firm EDF Energies Nouvelles.

“Illustrating the often international nature of deals in the U.S. wind industry, a company executive told the Watchdog Institute that his company used RES Americas, a British firm, as the general contractor to build its facility. Eurus is now employing EnXco, a subsidiary of French renewable energy firm EDF Energies Nouvelles, to operate the farm,” the report said.

“Truth to Power!”

Since: Apr 07

United States

#7 Sep 26, 2012
Another example of the Obama administration funding foreign companies is a $337 million loan guarantee from the Department of Energy’s green energy lending program.

That loan went to California energy firm Sempra Energy for a solar power array in Arizona. However, according to a Feb. 4, 2011 New York Times report, Sempra Energy bought its solar panels from the Chinese firm Suntech.

The project, known as Mesquite Solar 1, reportedly used 800,000 of the Chinese solar panels.

Perhaps the best-known example of Obama administration funding of foreign companies is its $500-million loan guarantee to Finnish automaker Fisker Automotive. That loan, part of the Energy Department’s electric vehicle lending program, was made to help Fisker establish a U.S. manufacturing presence.

However, the company never established an American factory, choosing instead to shutter its U.S. operations and continue building cars in Finland.
pogue mahone

West Sayville, NY

#8 Sep 26, 2012
This whole idea of Hillary is in Sein
Curtis Lowe

United States

#9 Sep 26, 2012
Is this the same Hillary who said Libya was not a terrorist attack?


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