What a hypocrite.
After all of the times he slammed outsourcing for political gain, the Associated Press reports that Democrat Sen. Joe Donnelly of Indiana is raking in profits from his own family business that outsourced Indiana jobs to Mexico.
His signature piece of legislation is literally called the End Outsourcing Act. Hypocrisy much?
MEXICO JOE: “Here’s the truth! They were making more dollars of profit on each dollar they had than ever before in history. And they fired you for three dollar and hour wages in Mexico! That’s what they did! You know what we call that?! They’re a bunch of free riders! They want to pay $3 dollars an hour in Mexico and then ship those products back to America to people who are making decent wages. It’s wrong and it has to end! It’s cynical! It’s wrong! It’s unpatriotic! It’s shameful! And it’s un-American!” (Sen. Joe Donnelly, 5/4/16)
AP Exclusive: Senator profits from outsourcing he slams
July 13, 2017
INDIANAPOLIS (AP) — An Indiana senator railed against Carrier Corp. for moving manufacturing jobs to Mexico last year, even as he profited from a family business that relies on Mexican labor to produce dye for ink pads, according to records reviewed by The Associated Press.
Joe Donnelly, considered one of the nation’s most vulnerable Democratic senators up for re-election next year, has long blasted free-trade policies for killing American jobs. He accused Carrier, an air conditioner and furnace maker, of exploiting $3-an-hour workers when it announced plans to wind down operations in Indiana and move to Mexico.
However, an arts and crafts business Donnelly’s family has owned for generations is capitalizing on some of the very trade policies — and low-paid foreign labor — the senator has denounced.
For more than a year, Stewart Superior Corp. and its subsidiaries have been shipping thousands of pounds of raw materials to Mexico, where the company has a factory that produces ink pads and other supplies, according to customs records from Panjiva Inc., which tracks American imports and exports. The finished products are then transported back to a company facility in California, the records show.
Although Donnelly’s brother runs the company, the senator previously served as a corporate officer and its general counsel before he was first elected to Congress in 2006. In a financial disclosure form he filed in May, Donnelly reported owning as much as $50,000 in company stock and earning between $15,001 and $50,000 in dividends on it in 2016 alone.
“What you’re seeing with Carrier is what I call free riders,” Donnelly told the Indiana political news website The Statehouse File in August 2016. “What they do because of the trade agreement NAFTA, is they ship jobs to Mexico for $3 an hour, and so they get the benefit of the absolute lowest wages they can find, and then turn around to ship the products back into the United States.”
Less than a month after Trump won the election, the company announced an agreement to spare about 800 jobs in Indianapolis. Donnelly thanked Trump for his involvement in the deal and pledged to stand with him in efforts to stop companies from outsourcing jobs to other countries.
During his first run for the House in 2004, the former three-term congressman took on both NAFTA and the practice of “outsourcing”— a word he has called “a fancy term for ‘Someone in Indiana has just lost their job.’”
He’s currently sponsoring a bill entitled the “End Outsourcing Act,” which would require companies to disclose jobs moved abroad, deny some tax benefits and economic incentives to those companies and also require the federal government to take into account a company’s outsourcing practices when awarding contracts.
Economy Jobs, Wages and Unemployment