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Obama's Freudian Slip: He Wants to Export Jobs -- we're published in today's American Thinker
Howard Richman, 10/4/2012

You can read it here: http://www.americanthinker.com/2012/10/obamas_freudian_slip_he_wants_to_export_jobs.html

Even though we wrote it before the debate, much of what we said tied in directly with what the candidates said last night. Again last night, Romney highlighted his plans to crack down on China's trade cheating. It was in his five point summary of his position. We began our American Thinker piece with that promise.

In this piece we quoted a portion from the last 2008 debate when Obama claimed (falsely, as it turned out) that he would take on China's currency manipulations while McCain said that he would instead send unemployed manufacturing workers to community colleges for non-existent jobs.

Last night Obama, channeled the 2008 McCain. He noted that he was re-educating manufacturing workers at community colleges for existing jobs, while Romney pointed out that half of college graduates can't find employment.

Again in the debate last night and again in his closing statement, Obama rehashed his phony way of dealing with trade from the 2008 campaign, his proposed tax on outsourcers. We explained that issue this morning, when we wrote:

Obama’s Anti-Outsourcing Tax Proposal

During the 2008 campaign, President Obama also highlighted his opposition to “outsourcing.” Such an emphasis is economic nonsense. Imports from abroad only hurt our economy when trade is imbalanced. When trade is balanced, jobs lost to outsourcing are replaced by more efficient jobs in exporting sectors. Each country produces what it can produce most efficiently, and everyone is better off. It is only when net exports are negative that jobs lost to imports are not replaced by more productive jobs producing exports.

In order to highlight this issue during the 2008 presidential campaign, Obama promised that he would end an alleged tax break given to outsourcers. Specifically, he said:

(I)f you’re a business that wants to outsource jobs, you shouldn’t get a tax deduction for doing it.

This was never a serious proposal. Obama probably knew that you can’t force corporations to pay American income tax on profits produced abroad. If you try, international corporations can avoid their American tax liability on foreign profits simply by moving their corporate headquarters abroad. If Obama’s proposal were enacted, it would cause corporate headquarters to leave the United States.

On September 28, 2010, Obama’s anti-outsourcing bill was brought up in the Democrat-controlled U.S. Senate and killed by a unanimous vote of Senate Republicans joined by the responsible members of the Democratic caucus: Senators Joe Lieberman, Max Baucus, Jon Tester, Ben Nelson, and Mark Warner. This has not stopped Obama from recycling this talking point for the 2012 campaign.

To read our piece go to http://www.americanthinker.com/2012/10/obamas_freudian_slip_he_wants_to_export_jobs.html

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