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Monday, October 18, 2010

It’s the outsourcing stupid

President Obama says to end tax breaks that reward the moving of jobs overseas, commonly called outsourcing. But even some of his own Democrats failed to support his bill that would eliminate some tax credits for operations abroad. And the Dems wonder why labor has deserted them. One of the President’s most recent messages to voters is that these tax dollars should be used for jobs in the U.S. Isn’t that what the unemployed want?

Obama goes on to stress the importance of putting our money where our workers are, and that means spending it with American businesses that are struggling in this economy. In a September ABC News report, it said when companies do start hiring again, it will be education and specialized skills that land the jobs. The rest are left to wallow in low paying jobs or just stay unemployed.

But even many of those will be sent out of the country just to keep big business happy.

Read more here and here.

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