Geez.. Obamas.. why you hiding $$ in companies that create JOBS overseas!

Discussion in 'Politics' started by healthmyths, Jul 17, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    n 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.
    Not long ago, Apple boasted that its products were made in America.
    Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas….
    “Apple’s an example of why it’s so hard to create middle-class jobs in the U.S. now,” said Jared Bernstein, who until last year was an economic adviser to the White House.

    “If it’s the pinnacle of capitalism, we should be worried.”
    http://washingtonexaminer.com/obama-has-investments-in-companies-that-ship-jobs-overseas/article/2502361

    BAIN capital not the ONLY one creating JOBS overseas!!!!
    For shame Obama... remember every time you point your finger THREE are pointed back at you!!!
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    If I am not mistaken a President puts his finances in a blind trust and has no control over what is and is not invested in. So this goes no where.
     
  3. Some Guy
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    Some Guy Deregulated User

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    C'mon. You really think he doesn't have control over it?

    ...

    Sounds like the exact argument people were using for Romney. Weird how that works.
     
  4. healthmyths
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    healthmyths Gold Member Supporting Member

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    So Obama doesn't know but I do? What good is that then?
     
  5. healthmyths
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    healthmyths Gold Member Supporting Member

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    Take a look at what Obamas signed:

    http://pfds.opensecrets.org/N00009638_2011.pdf

    Line Item 3,5,6 . Vanguard 500 Index fund... go to Vanguard portfolio and see APPLE!!
    So what's this blind trust then...
     
  6. Vel
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    Vel Gold Member

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    meet Obama's Jobs Czar.. Jeffrey Immelt CEO of General Electric

    Why Did Obama Choose Outsourcing Champion Jeffrey Immelt as Jobs Advisor?
    Tuesday, February 08, 2011

    President Barack Obama’s choice of Jeffrey Immelt, chairman and CEO of General Electric, to chair the newly-created President’s Council on Jobs and Competitiveness has drawn criticism for many reasons.

    GE is a model for what’s wrong with corporate America these days, writes Shahien Nasiripour at The Huffington Post. It’s a company “that’s hoarding cash, sending jobs overseas, relying on taxpayer bailouts and paying less taxes than envisioned.”

    On the issue of shipping jobs overseas, GE’s actions are particularly glaring. The company regularly tops the list of transnational corporations ranked by the size of their foreign asset holdings, as it receives more of its revenues and profits from abroad than from its U.S. operations. Also, the majority of its 304,000 employees are based overseas.

    AllGov - News - Why Did Obama Choose Outsourcing Champion Jeffrey Immelt as Jobs Advisor?

    Not only is Obama a FAILURE.. He's a hypocritical FAILURE .
     
  7. Too Tall
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    Too Tall Senior Member

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    This is what Romney had to say about his finances.

    Romney fears tax returns would be distorted
     

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