Rational Nation USA
Liberty -vs- Tyranny
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| As We Have Come To Expect |
Wondering if the President will be challenged by the left on these disclosures. Likely they won't even receive so much as a mention by the left. Smelling hypocrisy once again from the wind out of the left. I sincerely hope I'm wrong. Not holding my breath.
The Washington Examiner - 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.
The New York Times reported in January:
Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas….
“Apple’s an example of why it’s so hard to create middle-class jobs in the U.S. now,” said Jared Bernstein, who until last year was an economic adviser to the White House.
“If it’s the pinnacle of capitalism, we should be worried.” {Read More}
Patiently waiting the Obamaites response.
Via: Memeorandum
