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Par For The Course

- September 14, 2011

On His Stimulus Two Tour, Obama Will Visit A Campaign Donor’s Company That Shipped Jobs Overseas

“The President’s Visit On Wednesday Starts At A Small Business, The Contract Manufacturer WestStar Precision, Based In Holly Springs.” (Laura Oleniacz, “Obama To Speak In Public Event At N.C. State On Wednesday,” The Herald-Sun, 9/13/11)

OBAMA WILL TOUR A CAMPAIGN DONOR’S COMPANY THAT OUTSOURCED JOBS TO COSTA RICA

WestStar Precision Opened An Office And Manufacturing Facility In San Jose, Costa Rica. “Our new office and manufacturing facility in San Jose, Costa Rica, also has approximately 10,000 sq. ft. with similar equipment as the main office. This facility is designed for high volume production to support our international and domestic clients.”  (WestStar Precision Website, Westmedco.com, Accessed 9/13/11)

  • WestStar Precision Owner Ervin Portman Opened The Facility In Costa Rica To “Take Advantage Of Low Labor Costs.” “Portman, meanwhile, employs 10 people in Holly Springs and 25 in San Jose, Costa Rica, where he opened a factory in 2000 to take advantage of low labor costs.” (Amy Martinez, “Central American Trade Agreement Touchy For US Textile Industry,” The News & Observer, 4/15/04)

Ervin Portman Is A Democratic Commissioner In Wake County, NC. (Wake County Board Of Commissioners Website, WakeGov.com, Accessed 9/13/11)

  • Portman Has Contributed Over $6,000 To Democratic Candidates, Including $1,000 To President Obama. (“Donor Lookup,” OpenSecrets.org, Accessed 9/13/11)

Last Time Obama Was In North Carolina, He Visited A Stimulus Recipient Who Was More Focused On Creating Jobs In China

In June, Obama Visited North Carolina To Tour Cree, Inc. An LED Light Company. (Barbara Barrett, “Obama Will Visit Cree Plant In N.C.,” The Charlotte Observer, 6/09/11)

Cree Received $39 Million From The Stimulus To Create Jobs At Its Factory In North Carolina. “Cree was chosen for a $39 million tax credit through this Recovery Act program, which is called the Advanced Energy Manufacturing Tax Credit, nicknamed 48C for its line in the tax code.   So far, the investments they’re using the credit to make, along with the private capital they’re putting into those investments, have led to 375 new factory jobs in the last year, and they’re planning to add 300 more next year.” (Jared Bernstein, “Recovery Act In Action #4: A 48C Story,” WhiteHouse.gov, 3/24/10)

In Late 2010, Cree Opened Its First Factory Outside North America In Huizhou, China. “A grand opening ceremony was held on December 8, 2010 for Cree Huizhou Solid State Lighting Co., Ltd. at the Huizhou Zhongkai High-tech Industrial Development Zone in Huizhou City, Guangdong Province, China. The facility is Cree’s first LED chip manufacturing base outside North America, and this also makes Cree the first international LED company to set up a chip manufacturing facility in China.” (Tim Whitaker, “Cree Opens LED Chip Manufacturing Facility In Huizhou,” LEDs Magazine, 12/13/10)

  • More Than 50% Of Cree’s Employees Are Now Working In China And Cree CEO Chuck Swoboda Says They “Will Continue To Expand Our Operation In Huizhou.” “Describing China as a very important market for Cree, Swoboda said that currently more than 50% of Cree’s employees are working and living in Huizhou. ‘We will continue to invest here for both human talent and the most state-of-the-art technologies,’ he said, adding: ‘We have committed that in the coming 3-5 years, we will continue to expand our operation in Huizhou.’” (Tim Whitaker, “Cree Opens LED Chip Manufacturing Facility In Huizhou,” LEDs Magazine, 12/13/10)

OBAMA HAS ALIGNED HIS WHITE HOUSE WITH CEOS WHO HAVE A PATTERN OF OUTSOURCING JOBS AND TAKING ADVANTAGE OF TAX LOOPHOLES

GE CEO Jeff Immelt, Head Of Obama’s Jobs Council, Has Come Under Fire For “Solidifying A Deal To Deliver Aerospace Technology — Developed Partly By NASA — To Chinese Engineers …” “Immelt and GE have come under fire in recent days after The Washington Post reported the company is solidifying a deal to deliver aerospace technology — developed partly by NASA — to Chinese engineers in return for a foot in the door to China's emerging airline market.” (Mike Lillis, “Liberal Dem Calls For Resignation Of White House Jobs Czar,” The Hill, 8/24/11)

  • Jeff Immelt’s GE Has Steadily Reduced Its U.S.-Based Workforce. “Immelt is the chairman of the President Barack Obama's task force on jobs creation, which has raised some eyebrows, as GE, which does divulge its workforce statistics, has 46 percent of its workers in the United States, down from 54 percent in 2000.” (“The Politics Of Outsourcing,” UPI, 8/22/11)

Obama Surrounds Himself With CEOs That Are The “The Current Loophole-Riddled System's Prime Offenders.” “As the nation struggles with a stagnant economy, President Barack Obama has preached overhauling the U.S. tax code to spur economic growth. But as he gears up for what looks to be a tough reelection campaign, the president has surrounded himself with the current loophole-riddled system's prime offenders: corporate executives whose companies have profited off of those loopholes while reaping millions for themselves.” (Zach Carter and Jordan Howard, “Obama’s Close Ties To CEOs Whose Firms Dodge Taxes,” The Huffington Post, 9/1/11)

  • Ten CEOs Who Also Support Obama Were Paid More In Salary Than Their Companies Paid In Taxes. “Institute for Policy Studies, a liberal think tank, has named 25 major American corporations whose CEOs were paid more last year than their firm's total U.S. income tax bill in a new report. Of those business elites, 10 have substantive ties to Obama -- including some who have official economic policy advisory positions in his administration -- according to a HuffPost analysis of the report.” (Zach Carter and Jordan Howard, “Obama’s Close Ties To CEOs Whose Firms Dodge Taxes,” The Huffington Post, 9/1/11)

WITH ALLIES LIKE THAT, NO WONDER OBAMA’S POLICIES HAVE LEFT NORTH CAROLINA STRUGGLING TO RECOVER

Since President Obama Took Office, North Carolina Has Lost 141,600 Jobs And The Unemployment Rate Has Increased From 9.2 Percent To 10.1 Percent. (Bureau Of Labor Statistics, BLS.gov, Accessed 9/13/11)

During 2010, 33.8% Of Unemployed Workers In North Carolina Were Out Of Work For Longer Than A Year. (Sara Murray, “Long Term Unemployment By State,” The Wall Street Journal’s “Real Time Economics Blog, 7/21/11)

“‘We Are Really Behind The Eight Ball In Terms Of Job Growth Here,’ Says Charlotte Economist John Connaughton. ‘We Have Really Not Done As Well As The Nation.’” (Melissa Hankins, “Local Economist Says Obama’s New Jobs Plan Won’t Help,” WBTV.com, 9/7/11)

  • Connaughton Predicts That Obama’s Jobs Plan Won’t Do Much. “But Connaughton says don't get your hopes up - he doesn't think it'll help. ‘I don't think another program which will be roughly half the size, actually less than half the size, is going to do much at this point,’ he says.” (Melissa Hankins, “Local Economist Says Obama’s New Jobs Plan Won’t Help,” WBTV.com, 9/7/11)

 “North Carolina Economic Indicators For The Rest Of The Year Are At Their Lowest Point In 2011, Further Evidence That The State's Economy Is Slowing Down.” “North Carolina economic indicators for the rest of the year are at their lowest point in 2011, further evidence that the state's economy is slowing down. The index of leading economic indicators, issued late last week by N.C. State University economist Michael Walden, shows that four of five measures declined. That means that the economic forecast for the next four to six months dropped by 0.8 percent in July.” (John Murawski, “State Indicators At Low For 2011,” The News & Observer, 9/6/11)


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