Sunday, September 30, 2012

Obama's Lies and Double Standard on Outsourcing

Political Realities ^ | 09/30/12 | LD Jackson

We are getting close to being one month away from the election and all the polls seem to be showing President Obama leading Mitt Romney. Other than the fact that Romney's campaign seems to be stuck in neutral, I can see no real reason the majority of Americans would want Obama to have another four years with which to destroy our country. He seems to be successful in persuading Americans to follow his vision for America, instead of the vision of Mitt Romney.

One method he has used to do that is to attack Mitt Romney for things he has not done and is not guilty of. One such accusation came in the form of an ad that attacked Romney for outsourcing jobs to China. The information for the ad came from The Washington Post, but as it turned out, their information was false. Mitt Romney had left Bain Capital well before the jobs in question left America and landed in China. That hasn't stopped the Obama campaign from running with the story and their friends in the media have been more than happy to lend a helping hand by spreading the word. It doesn't matter that the facts just don't check out.
(Hot Air) Two electronic outsource manufacturing services companies controlled by Bain Capital closed plants in the U.S. and moved work to Mexico. But Romney had left Bain more than a year before the plants closed at both companies. A picture frame company with operations in the Far East, including in China, closed a plant in South Carolina. The Obama campaign cites the plant closing, but those workers were manufacturing photo albums for professionals — a line of work that the company discontinued because it was such a small part of the business.
Let’s take the companies one at a time.
The first is Modus Media, an outsource manufacturing services company controlled by Bain. The TV ad cites a June 2, 2000, news brief by Bloomberg News about Modus Media’s announcement that it would close its plant in Fremont, Calif., in September and open a plant in Guadalajara, Mexico. The company provided “customer support, inventory management, software packaging and computer assembly for companies such as AT&T Corp., Dell Computer Corp., and other technology and Internet companies,” Bloomberg said. About 200 jobs in California were eliminated.
But the announcement of the Modus Media plant closing occurred more than a year after Romney had left Bain. Romney took a leave of absence in February 1999 to head the Salt Lake City Organizing Committee for the 2002 Winter Olympics, and he did not return to the company. He became governor of Massachusetts in January 2003.
A similar situation existed at SMTC Corp., which is also an outsource manufacturing services company. The company closed a plant in Denver, Colo., and moved some of its production to Mexico. The TV ad cites a March 29, 2002, report filed with the Securities and Exchange Commission by SMTC Corp. The report (page 7) says: “In June 2001, we closed our assembly facility in Denver, Colorado. … Production at the Denver facility … has been migrated to SMTC facilities closer to locations and to our recently retrofitted and expanded lower cost Chihuahua, Mexico facility.” But, again, Romney did not work at Bain in 2001.
Now, we come to the most interesting part of this entire story. While President Obama and his campaign have consistently blasted Mitt Romney for something he didn't do, outsourcing jobs to China, it turns out that some of Obama's top fundraisers have been the ones pioneering the tactic of giving China, and other low-wage countries, jobs that should have been preserved for Americans.
(Breibart) Obama’s second largest fundraiser is John Rogers, the CEO of investment giant Ariel Capital Management. He has Obama Outsourcingraised more than $1.5 million for Obama’s reelection campaign. Bully for him, except for one thing: Ariel Capital Management owns a $48.6 million stake in Accenture, which just happens to be, according to the International Association of Outsourcing Professionals, the nation’s “best” outsourcer. And that’s not all for Rogers; he stated that he wants to intensify the trend that started with moving call centers and factories overseas to outsourcing “day-to-day activities” including pest control, landscaping, and secretarial functions. And Rogers isn’t ashamed one bit:
“We’re making a very big bet right now on outsourcing. People have generally soured on the idea, and many companies are trading at discounts to their private-market values. But we don’t think that view accurately reflects the powerful secular growth we’re going to see as companies and individuals outsource more of their day-to-day activities.”
Of course, Rogers isn’t just anyone; he and Obama were buddies in Chicago, and Rogers’ ex-wife Desiree left a $350,000 per year job at Allstate Insurance Company to serve as White House party planner.
There is much more at the link, including how DreamWorks CEO Jeffrey Katzenberg and GE CEO Jeffrey Immelt have both been guilty of outsourcing jobs to foreign countries. You will also learn that many of the jobs Obama claims to have created in the new "green economy" weren't even created in America. If you will follow the link to Breibart, you will discover this story originally ran on July 8, 2012. This tells you just how successful the media has been in burying the fact that Obama and his merry band of followers have been much more guilty of outsourcing jobs than Mitt Romney or Bain Capital. No amount of whitewash, however, can hide the truth. The double standard and the lies are both glaring and they beg the question to be asked. If we can not trust Obama to tell the basic truth about his own record, as well as that of the people who are raising his campaign funds,on outsourcing jobs, how can we trust him to do what is right for America? I'm still waiting for a good answer to that question.

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