One of the principal causes of high unemployment is the outsourcing of well-paid American jobs. Corporations like to transfer their plants overseas so they can hire cheap labor in China. Americans should realize that much of this outsourcing is encouraged and even subsidized by taxpayers’ money.
President Obama’s Jobs Czar, Jeffery Immelt, CEO of General Electric, closed his last U.S. plant making light bulbs in Virginia and opened a plant in China to manufacture more expensive light bulbs that Americans will be forced to buy. General Electric also opened a $61 million factory in Vietnam to produce wind turbine components. General Electric and the President’s Jobs Council, headed by Immelt, received over $1.2 billion in stimulus funds. GE placed an order with an American wind turbine manufacturer, ATI Casting, but then cancelled the order to get parts cheaper in China. ATI offered to match the Chinese price, but GE refused to reinstate it’s order to the American company, resulting in a layoff of over 300 workers.
Obama promised that he would invest $15 billion a year in renewable energy sources to create 5 million new energy jobs over the next decade. Obama painted a rosy picture of a future in which Americans will build solar panels, wind turbines and new electricity grids. Unfortunately, those jobs will probably go overseas, as foreigners can make those things cheaper than we can.
Obama proclaimed his goal to put one million electric cars on the road by 2015, then set up a $2.4 billion stimulus program to support battery production. Nearly half that money went to foreign firms, including two South Korean companies that used their grants to hire foreign nationals in Michigan to do work that Americans could have done. After receiving a $500 million loan guarantee, Fisker Automotive is producing it’s $100,000 luxury electric sports car in Finland.
This was taken from Phyllis Schlafly of Eagle Forum.
El Dorado Springs