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Obama has investments in companies that ship jobs overseas
Posted By admin On July 17, 2012 @ 2:40 pm In Money Watch | Comments Disabled
Washington Examiner 
Tuesday, July 17, 2012
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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URLs in this post:
 Washington Examiner: http://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361
 Globalist Shill Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our Jobs Overseas As Part Of The New One World Economy: http://www.prisonplanet.com/globalist-shill-barack-obama-asks-business-leaders-for-job-creation-ideas-even-as-he-ships-more-of-our-jobs-overseas-as-part-of-the-new-one-world-economy.html
 Flashback: Bush report: Sending jobs overseas helps U.S.: http://www.prisonplanet.com/flashback-bush-report-sending-jobs-overseas-helps-u-s.html
 Foreigners take two out of three new jobs as statistics reveal nearly 200,000 vacancies were filled by those born overseas: http://www.prisonplanet.com/foreigners-take-two-out-of-three-new-jobs-as-statistics-reveal-nearly-200000-vacancies-were-filled-by-those-born-overseas.html
 The NAFTA Of The Pacific Will Soon Allow Millions More American Jobs To Be Shipped Overseas: http://www.prisonplanet.com/giant-sucking-sound-part-2-the-nafta-of-the-pacific-will-soon-allow-millions-more-american-jobs-to-be-shipped-overseas.html
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