Tag Archives: Bush

Which President causes more outsourcing? Obama or Bush?

From Hans Bader, a realistic assessment of Obama’s record on outsourcing.

Excerpt:

“79 percent” of all green-jobs funding in Obama’s $800 billion stimulus package went to foreign companies, with the largest payment going to a bankrupt Australian company.  For example, the Obama Administration spent $1.6 billion on Chinese and other foreign wind power. The practical effect of those subsidies was to outsource American jobs.  ABC News reported on thesubsidies for Chinese wind turbines contained in the stimulus package:

Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.

Nearly $2 billion . . . has been spent on wind power. . .But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

“Most of the jobs are going overseas,” said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. “According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S.” Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.

The stimulus package also showered money on left-wing community organizers and liberal lobbying groups.

Earlier, NewsMax reported on a $2 billion subsidized loan by the U.S. government to a Brazilian oil company:

Gulf Oil CEO Joe Petrowski says President Barack Obama’s weekend comments in Brazil that the United States looks forward to purchasing oil drilled for offshore by that nation “is rather puzzling,” and “hypocritical” as his administration has imposed a virtual moratorium on domestic drilling. The signal to purchase more foreign oil comes after the U.S. Export-Import Bank invested more than $2 billion with Brazil’s state-owned oil company, Petrobras, to finance exploration.

The CEO of General Electric, which has received government “green jobs” money, is a close Obama advisor.  GE has been busy outsourcing American jobs, eliminating a fifth of its U.S. workforce since 2002.  GE made $14.2 billion in profits in 2010, but paid no taxes at all, even though America’s corporate tax rates are among the highest in the world.  Indeed, GE actuallyreceived a tax benefit of $3.2 billion from the government in 2010, and received a preferential bailout at taxpayer expense.

Read the whole post. It just goes on and on and on and on like this. What causes outsourcing? When you have the highest corporate tax rate in the world – that causes outsourcing. When you keep piling on regulations and regulations onto businesses, from Obamacare to Dodd-Frank – that causes outsourcing. When you take money collected from taxes paid by American businesses and hand it out to foreign companies owned by Democrat-allies – that causes outsourcing. When you block energy companies from developing energy here at home – that causes outsourcing.

In 2013, taxpayers will be paying more of their incomes to government

From CNS News.

Excerpt:

The tax increases scheduled to take effect in January 2013 – dubbed Taxmageddon – could have the American people spending more days than ever working to pay for federal and state government, areport from the Tax Foundation shows.

A host of tax rates are scheduled to rise in January 2013 – when George W. Bush-era tax rates and the annual patch for the Alternative Minimum Tax expire – leading to a tax increase of approximately $500 billion in 2013, according to the conservative Heritage Foundation.

The Congressional Budget Office reported in January that taxes would increase by $4.6 trillion over ten years, if Congress allows the rates to rise as scheduled at the end of this year.

Tax Foundation economist William McBride estimated that this historic tax increase would push Tax Freedom Day to its latest point ever.

Tax Freedom Day is the day when – theoretically – Americans begin working for themselves and can stop paying for government. It assumes that 100 percent of a person’s wages go to paying for federal and state tax burdens. The day when government operations are fully paid for is Tax Freedom Day.

In 2012, Tax Freedom Day was April 17. However, Taxmageddon may push it until the end of April or beyond, McBride reported in a blog post on the foundation’s website. At the federal level, the 2012 tax increases would add 11 days to the Tax Freedom Day calculation, pushing it to April 28.

Adding in rising state and local tax revenues could push Tax Freedom Day beyond its May 1 record.

The Taxmageddon provisions adding to the cost of government – measured in the days that Americans will spend paying for it – are as follows:

  • Bush tax rates – 2.6 days
  • Alternative Minimum Tax – 2.2 days
  • Small business tax cuts – 0.4 days
  • Corporate income tax – 3.4 days
  • Payroll tax cut – 2.5 days
  • Estate tax – 0.2 days

One of the problems with all of this voting for bigger government is that there is less money for people to make their marriages and families work. The more we vote for bigger government, the less we haves as individuals for our own plans, including our marriage and family plans.

Did Obama’s foreign policy make America more respected abroad?

Map of the Middle East
Map of the Middle East

From Investors Business Daily.

Excerpt:

In the Middle East, where U.S. military involvement and diplomacy are most closely watched, President Obama is held in lower regard in the Arab world than President Bush was in the last year of his presidency.

Obama is not only less liked than the supposedly hated Bush, he can’t even hold a candle to Iran’s grubby, menacing Mahmoud Ahmadinejad. Zogby reports that in Egypt, 31% of Egyptians agree with Iran’s policies compared with 3% for Obama’s, with similar figures in Jordan. Among Egyptians, just 5% hold a favorable attitude toward the U.S. compared with 9% in 2008.

[…]Clinton will do no better in bilateral talks with the Turks — a nation that has moved so far away from its long alliance with the U.S. it can only be called a former ally — on Syria, Iran and Israel/Palestine.

In these countries, Obama’s policy can be summed up in a litany of ineffectual maneuvers.

On Syria, the first move was to succor, then to scold as the dictatorship indifferently sheds streams of blood in the streets of Damascus — showing the fundamental disconnect between what the brutal Syrian regime is and what the Obama administration thinks it is.

After throwing Tunisia and Egypt, two pro-Western allies, overboard, the administration ineffectually grasps a problem in Syria as the bodies pile up.

On Iran, Obama policy shows even more weakness. The president wasted two years coddling the monster regime that threatens a region of more than a billion people. He missed a chance to support a student uprising in 2009 and now watches as Iran’s illegal nuclear program speeds ahead with little fear of consequences, more brazen and closer to realization.

Whatever this learning-curve policy amounts to, it garners no international respect.

Then there’s the stance the White House has taken on Israel, abusively telling its ally to retreat to 1967 borders. It emboldened provocations from Palestinian terrorist groups and showed the rest of the Arab world that it pays more to be America’s enemy than its friend. Now the Arab League is moving to recognize Palestine.

It turns out that what foreign powers respect is strength, not weakness.