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6) Stop Shipping Jobs Overseas
"What I do is I close corporate loopholes, stop providing tax cuts to corporations that are shipping jobs overseas so that we're giving tax breaks to companies that are investing here in the United States."
How has the Insourcer In Chief delivered on his promise to create great American jobs for Americans right here in this country (America)? ABC News' Brian Ross provides one handy example:
Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.
"There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC News. "They don't exist here."
Henrik Fisker said the U.S. money has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.
"We're not in the business of failing; we're in the business of winning. So we make the right decision for the business," Fisker said. "That's why we went to Finland."
It turns out Fisker may be in the business of failing after all. The company has sold just 1,000 of its $100,000 Karmas, about enough to pay back a fifth of its taxpayer-backed loan.
Republican National Committee Chairman Reince Priebus piles on:
Thanks to President Obama, taxpayer money, mostly in the form of stimulus funds, ended up in the hands of companies overseas. Instead of creating jobs in America, the stimulus and other Obama policies created jobs or sent money to Finland, New Zealand, Indonesia, India, Mexico, Germany, Australia, Switzerland, China, Denmark, South Korea, the Dominican Republic, Thailand, Vietnam, Italy, Russia, Luxembourg, El Salvador, Great Britain, Spain, Japan, and France.
It's good to see Obama at least tacitly admitting that there are legitimate reasons to do business, send resources, and even create jobs overseas. It would be even better if he weren't using our money to do it.