The Outsourcing Pioneer Gets His Due

In case you haven’t seen it, here is a clip of Big O getting a standing O as he slams Romney for being a “job creator”:

We have not found any serious economic study that says Governor Romney’s economic plan would actually create jobs — until today.  I’ve got to be honest.  Today we found out there’s a new study out by non-partisan economists that says Governor Romney’s economic plan would, in fact, create 800,000 jobs.  There’s only one problem:  The jobs wouldn’t be in America.  (Laughter and applause.)  They would not be in America.  They’d be in other countries.  By eliminating taxes on corporations’ foreign income, Governor Romney’s plan would actually encourage companies to shift more of their operations to foreign tax havens, creating 800,000 jobs in those other countries. 

Now, this shouldn’t be a surprise, because Governor Romney’s experience has been investing in what were called “pioneers” of the business of outsourcing.  Now he wants to give more tax breaks to companies that are shipping jobs overseas. 

So I want everybody to understand, Ohio, I’ve got a different theory.  We don’t need a President who plans to ship more jobs overseas, or wants to give more tax breaks to companies that are shipping jobs overseas.  I want to give tax breaks to companies that are investing right here in Ohio — (applause) — that are investing in Cincinnati, that are investing in Hamilton County.  (Applause.)  I want to give incentives to companies that are investing in you, the American people, to create American jobs, making American goods that we’re selling around the world, stamped with three proud words:  Made in America.  (Applause.) 

That’s why I’m running for President of the United States.

2 Comments

  1. ansonburlingame

     /  July 18, 2012

    To all,

    It is absolutely a great idea to “give incentives…… (American companies)……… to sell products mady by American workers, around the world…..” Or words to that effect. But how exactly Mr. President or many progressives think that can be achieved?

    First of all just how big might the “incentives” (provided by government like the “incentive” to Solyndra) be in financial terms, like dollars? Once you decide that figure tell us where the money will come from, exactly. We are already spending about $1.5 trillion that is all borrowed each year. So again, where are you going to find the money to “incentivize” American companies and WHO exactly will be making the decisions as to which companies to “give money to” in various forms?

    But of course that is only the first step, to give money to American companies to sell “around the world” the products made by American workers at American wages?

    Say it is a “refrigerator” or anything else you want to make, just about anything. An American “refiigerator” will be sold to make a profit above the American wages paid. I assume our companies will still try to sell their products “around the world” to uliimately make a profit.

    And of course those “refrigerators” MUST compete against other foreign made items in both quality and price.

    So what the President is calling for is to pour a lot of borrowed money into American products to be sold around the world. Again great idea as long as such products will be purchased “around the world” or even right here in Wal Mart!!!

    Look beneath the political rhetoric and ask HOW WILL YOU DO THAT, Mr. President? I would love to hear the answers that make any business sense for starters.

    But I must admit that the political rhetoric sounds real good, even though it is acutally all “fluff”!!!

    Anson

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    • Anonymous

       /  July 18, 2012

      AB, Very simply, wouldn’t it be paid for by closing the incentives/ loop holes that allow corporations to move jobs overseas? It would seem that it is just a swap. Also, the US employees would be paying taxes for their wages as well as lowering unemployment benefits.

      Kabe

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