Obama has investments in companies that ship jobs overseas

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    Jul 18, 2012 6:41 PM GMT
    http://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361

    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.

    “(Romney) invested in companies that have been called ‘pioneers’ of outsourcing,” Obama said at a Saturday campaign event in Glen Allen, Va. “I don’t want a pioneer in outsourcing. I want some insourcing.”

    But Obama’s own portfolio shows a willingness to invest in American corporations that have shifted employment overseas.

    In his most recent financial disclosure from 2011, Obama and his wife reported having between $200,000 and $450,000 in the Vanguard 500 Index Fund, which invests in the largest U.S. corporations. According to a filing with the Securities and Exchange Commission, as of Sept. 30, 2011, the fund’s biggest holding was 8,272,039 shares of Apple Inc., then valued at $3.2 billion.
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    Jul 18, 2012 7:40 PM GMT
    I hear Obama has an aunt who once bought Jaffa orange juice instead of Florida orange juice.
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    Jul 18, 2012 9:23 PM GMT
    Expecting ads in coming weeks to point out that Obama's buddy Jeff Imelt, GE CEO, on Obama's commission for jobs is an outsoursing king. GE has over 300,000 employees, and less than 50% are in the US. GE has also recently closed more than 20 factories, shifted avionics and radiology businesses to China, and pushed for public policies that will allow them to continue that course.
    http://americanmanufacturing.org/blog/ge-creating-us-jobs-or-outsourcing-them

    Now speaking of Obama himself and what he did with taxpayer money, the GOP has compiled a list of overseas jobs with taxpayer money. Expect ads with some of them well off driving Mercedes and thanking Obama for their good fortune. Should be an interesting ad season.
  • Webster666

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    Jul 18, 2012 11:57 PM GMT
    Good luck finding a company in which to invest that DOESN'T ship jobs overseas.
    As long as Congress allows this to continue, that's the way it will be.
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    Jul 18, 2012 11:58 PM GMT
    riddler78 saidhttp://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361

    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.

    “(Romney) invested in companies that have been called ‘pioneers’ of outsourcing,” Obama said at a Saturday campaign event in Glen Allen, Va. “I don’t want a pioneer in outsourcing. I want some insourcing.”

    But Obama’s own portfolio shows a willingness to invest in American corporations that have shifted employment overseas.

    In his most recent financial disclosure from 2011, Obama and his wife reported having between $200,000 and $450,000 in the Vanguard 500 Index Fund, which invests in the largest U.S. corporations. According to a filing with the Securities and Exchange Commission, as of Sept. 30, 2011, the fund’s biggest holding was 8,272,039 shares of Apple Inc., then valued at $3.2 billion.


    Its a fucking vanguard mutual fund dude. Do you know how mutual funds work?
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    Jul 19, 2012 12:02 AM GMT
    Romney is desperate if he is hitting Obama for mutual fund investments. If Romney does not release his taxes from as far back as 1999 he will be slaughtered in the election, no matter how many billions the Koch brothers spend trying to buy there's of illiterate morons.
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    Jul 19, 2012 12:05 AM GMT
    Chainers said
    riddler78 saidhttp://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361

    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.

    “(Romney) invested in companies that have been called ‘pioneers’ of outsourcing,” Obama said at a Saturday campaign event in Glen Allen, Va. “I don’t want a pioneer in outsourcing. I want some insourcing.”

    But Obama’s own portfolio shows a willingness to invest in American corporations that have shifted employment overseas.

    In his most recent financial disclosure from 2011, Obama and his wife reported having between $200,000 and $450,000 in the Vanguard 500 Index Fund, which invests in the largest U.S. corporations. According to a filing with the Securities and Exchange Commission, as of Sept. 30, 2011, the fund’s biggest holding was 8,272,039 shares of Apple Inc., then valued at $3.2 billion.


    Its a fucking vanguard mutual fund dude. Do you know how mutual funds work?
    LMAO.. your asking riddler that?icon_rolleyes.gificon_rolleyes.gif Oh he knows.. he's just playin his usual BS games.