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Obamanomics Outsourced: The Truth About How Obama Shipped the Recovery Overseas – Video
Taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren’t created in the United States.
This is a great site with interactive maps and accurate information.
The Obama administration allowed millions of dollars in federal stimulus funds to go to foreign companies, despite recent statements by President Barack Obama that he opposes “shipping jobs overseas."
However, Obama’s 2009 economic stimulus spending law–the $787 billion American Recovery and Reivnestment Act–gave millions of federal dollars to foreign companies or funded domestic companies that built factories in foreign countries or bought foreign products.
For example, there is the North Carolina LED manufacturer Cree Inc. Cree was awarded $39 million through a stimulus-funded tax credit program in January 2010. However, half of the company’s employees are in China and the company opened a manufacturing plant in Huizhou City, China in November 2009, according to an article in the industry publication LEDs Magazine.
DOE is making up to $9 million available over three years for improving the accuracy of solar forecasting to more accurately anticipate changes in solar power production. (Photo from Energy Department website)
According to the same article, Cree CEO Chuck Swodoba said he did not consider Cree Inc. to be run like a completely American company.
“Cree management never runs this company as a US company. We consider Cree to be a global company with local wisdoms,” Swodoba said.
Swodoba also said he would continue expanding into China, adding that Cree would keep creating jobs there because it could take advantage of both China’s human resources and its “state-of-the-art technology.”
“We will continue to invest here [China] for both human talent and the most state-of-the-art technologies,” he said.
This is a great site with interactive maps and accurate information.
Obama’s record of Failure spanning the Globe
Over his four years in office, Obama promised that he would focus on creating “jobs that pay well and can’t be outsourced.” However,as he racked up trillions in new debt, billions of dollars did go to create jobs that were outsourced or spent overseas. Whether it is electric cars made in Finland or solar panels in Mexico,
Taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren’t created in the United States.
Read More: http://cnsnews.com/news/article/obama-administration-outsourced-jobs-stimulus-funding
