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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

Philip Klein
Washington Examiner [1]
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.

Full story here. [1]


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URLs in this post:

[1] Washington Examiner: http://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361

[2] 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

[3] Flashback: Bush report: Sending jobs overseas helps U.S.: http://www.prisonplanet.com/flashback-bush-report-sending-jobs-overseas-helps-u-s.html

[4] 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

[5] 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

[6] Obama Requests $770 Million to Fight Global Warming Overseas: http://www.prisonplanet.com/obama-requests-770-million-to-fight-global-warming-overseas.html

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