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Obama Administration Outsourced Jobs with Stimulus Funding
cns ^ | 7/10/2012 | By Matt Cover

Posted on 07/15/2012 7:32:51 AM PDT by tobyhill

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."

“I want to stop giving tax breaks to companies that ship jobs and factories overseas,” Obama said in a speech in Cedar Rapids, Iowa on Tuesday.

“As long as I’m president, I will keep fighting to make sure jobs are located here in the United States of America,” said Obama.

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.

(Excerpt) Read more at ...

TOPICS: Extended News; News/Current Events
KEYWORDS: bho44; outsourcing; porkulus; stimulus

1 posted on 07/15/2012 7:33:00 AM PDT by tobyhill
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To: tobyhill
"I live day to day. I can't afford new cars or lots of groceries," Schmidt said.

As long as government is involved by tweaking business in our "free" system it will always be a cluster f***!

2 posted on 07/15/2012 7:38:54 AM PDT by EGPWS (Trust in God, question everyone else)
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How convenient their timing is. Mitt needs to point out in ads and the debates that, when the tax dollars run out and the temporary “recovery summer” jobs are over, the phony unemployment numbers will go right back in the toilet. Obummer only cares about getting reelected. He doesn’t give a crap about what happens to the jobless.

3 posted on 07/15/2012 8:13:47 AM PDT by Cherokee Conservative (If a tree falls over in the woods, and then snaps back upright as a joke, do the squirrels laugh?)
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To: Cherokee Conservative

What is Mitt Romney doing? Nothing! It’s almost as if he’s fallen off the face of the earth.... Does anyone know what this man is running on?

The only thing I keep hearing about Mittens is who is on his short list for VP. I don’t give a crap. What is he doing to persuade the American people to vote for him? I am getting so frustrated........

4 posted on 07/15/2012 11:23:52 AM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks tobyhill.

5 posted on 07/15/2012 3:26:01 PM PDT by SunkenCiv (
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