(CBS News) President Obama on Friday seized on a recent article in The Washington Post that said presumptive GOP nominee Mitt Romney's private equity firm owned companies that were "pioneers" in outsourcing American jobs to low-wage countries.
Addressing a rally at Hillsborough Community College in Tampa, Fla., Mr. Obama advocated his plan to reduce the deficit by $4 trillion, cut spending, strengthen Medicare, and reform the tax code. "My plan will stop giving tax breaks to businesses that ship jobs and factories overseas, and start rewarding companies that create jobs and manufacturing right here in the United States of America," he said.
"Now, not only does Gov. Romney disagree with this plan," The President continued, "today it was reported in The Washington Post that the companies his firm owned were 'pioneers' in the outsourcing of American jobs to places like China and India. Pioneers!
"Tampa, we don't need an outsourcing pioneer in the Oval Office," he concluded.
Shortly after the announcement of his campaign's most recent fundraising ploy - an effort to encourage supporters celebrating weddings or birthdays to donate their gift money - Mr. Obama also used the rally to charge that "the other side" will spend more during this election cycle than "we've ever seen in the history of the Republic."
Mark Knoller and the Associated Press contributed to this report.
No, its was 41's tax incentives for moving manufacturing overseas that has caused the huge loss in that sector beginning in the 90's. Mike Wallace called him on it back in '91 and George lied like a rug on the issue. Multinationals get tax breaks to start manufacturing in third world countries, that's what's costing manufacturing jobs in the US, not high taxes or high wages. Of course the lack of workplace regulation, protections, and environmental protections overseas are added bonuses so the fat cats can get fatter. The American worker is the smartest and most productive in the world. In fact, there is now a trend of manufacturing returning here because the productivity of the American workforce added to higher transportation costs is causing the profitability of offshoring to evaporate.
You are one seriously mislead American in my book.
Romney spokesperson Andrea Saul said in a statement. "Mitt Romney spent 25 years in the real world economy so he understands why jobs come and they go."
Yes, we all understand "why jobs come and go," and with the mannequin man, mitt romney, it's because of greed and more money!
This mormon used car salesman is no job creator -- just a job destroyer pandering to the wealthiest "cheap labor conservative" Americans, and sees no problem offshoring more middle class jobs!
In a response to Obama's speech, Romney spokeswoman Andrea Saul charged that the president was "running a campaign based on distractions, not solutions."
Romney "has a decades-long record of job creation, both in the private sector and as governor, when the unemployment rate in Massachusetts fell to 4.7% on his watch," she said in a statement. "If President Obama had even half of Mitt Romney's record on jobs, he'd be running on it."
http://abcnews.go.com/Politics/OTUS/obama-calls-romney-outsourcing-pioneer-good/story?id=16631601
Mitt Romney's financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.
During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission.
Romney spokesperson Andrea Saul said in a statement. "Mitt Romney spent 25 years in the real world economy so he understands why jobs come and they go."
LOL! So do we......romney's love for the almighty American dollar!