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The Prescott Daily Courier | Prescott, Arizona

home : opinions : editorials November 25, 2015

7/18/2012 10:00:00 PM
Editorial: Outsourcing kerfuffle a distraction from facts
The Daily Courier

What we have here is a failure to communicate, and the national press has taken it - err, pushed it - hook, line and sinker.

President Barack Obama, in recent weeks, has been downplaying his own economic record to highlight claims of Republican candidate Mitt Romney's "outsourcing" of jobs overseas.

It does not make sense.

Romney has been portrayed as a pioneer of outsourcing jobs during his time at Bain Capital. However, after "reviewing numerous corporate filings with the Securities and Exchange Commission, contemporary news accounts, company histories and press releases, and the evidence offered by both the Obama and Romney campaigns," FactCheck.org "found no evidence to support the claim that Romney - while he was still running Bain Capital - shipped American jobs overseas."

We suppose Obama had to try, given the challenges that he continues to face. For example, according to an article this week by Cronkite News Service, Arizona could lose more than 49,000 jobs if automatic federal budget cuts are allowed to take effect in January. The report released Tuesday for the Aerospace Industries Association said that direct and indirect job losses resulting from spending cuts mandated in the Budget Control Act of 2011 could top 2 million jobs nationally.

For perspective, that would boost the national unemployment rate by 1.5 percentage points and lead to a $215 billion reduction in gross domestic product, according to the report by Stephen S. Fuller, a professor at George Mason University's School of Public Policy.

Again, we have experienced 41 consecutive months of a national unemployment rate greater than 8 percent under Obama's policies. If one were to add in the number of discouraged workers, the rate climbs to 15 percent.

At the same time, on one side we have the Federal Reserve downgrading its economic outlook for 2012, predicting growth of just 1.9 percent to 2.4 percent, compared with Obama, who called June's dismal employment report as "heading in the right direction." We can only suppose that Obama has a different idea of what a good economy should look like.

This jobs hurdle comes from last year's debt-limit deal. Obama has to reach agreement with Congress to avoid $50 billion in automatic cuts to national defense. The bulk of job losses in Arizona would be defense-related, according to Fuller, who estimated that planned cuts to the federal defense budget could cost the state 35,000 jobs.

Whether or not you support our military, jobs are jobs. Plus, nearly 14,000 more jobs in Arizona could be lost from budget cuts to other government agencies, such as the Department of Agriculture, that have operations in the state, the Aerospace Industries report said.

All of this contrasts with Romney's real-world business success. Maybe come November voters will decide to move the country in the "right direction."

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Reader Comments

Posted: Friday, July 20, 2012
Article comment by: just thinking

To Obama Throwing Mud:

I guess the Democrats can say the same thing about Cardon (sp?)

I wish posters on both sides would use a little brain power before they write such stupid stuff. Obviously, you were never a ceo either!

Posted: Friday, July 20, 2012
Article comment by: OBAMA BLUES


Posted: Friday, July 20, 2012
Article comment by: Rock Lobster

rofl @ "using your brain for a doorstop"!

Posted: Friday, July 20, 2012
Article comment by: Retroactive Retirement

@Obama Throwing Mud:
You left out the part where Romney is listed of the sole share holder, and therefore directly profited from the ventures of Bain Capital. Maybe you need to step back and try to see this objectively. BTW, Romney's 2010 tax return is absent the tax form detailing his Swiss Bank account. Thought maybe we would notice.

Posted: Thursday, July 19, 2012
Article comment by: Tom Lyle

Obama said that he would change America. He was right. Lincoln said That a house divided can not stand. Lincoln was right. Way to go Obama.

Posted: Thursday, July 19, 2012
Article comment by: Can you Say Hypocrisy?

Perhaps Obama is not really a Democrat. Perhaps he is a Hippocrat. While pointing a finger at Romney over Bain Capitol, his campaign has accepted very large donations from them. It has also been reported that the Obamas have a considerable amount of money invested in the Vanguard 500 Index Fund which has vast holdings in Apple, GE and IBM. All companies that are pioneers of outsourcing.

Posted: Thursday, July 19, 2012
Article comment by: the door stop Editor

The Editor's basic premise here is that he wants to blame Obama no matter what. If the government spends money to preserve jobs, he will blame Obama for the "reckless spending". If the government cuts jobs to save money, the Editor will blame Obama for the job losses. It is win-win for a rightwing biased Editor. Pat yourself on your back and continue using your brain for a door stop.

Posted: Thursday, July 19, 2012
Article comment by: An American

Sorry, he can't go down in history as our first "black" president, he's only half black!!

Posted: Thursday, July 19, 2012
Article comment by: Keynsian Economics

Turns out that federal spending does produce jobs, at least according to the Editor. And, now we're suppose to care about those jobs when its a choice between negotiated budget cuts approved by both parties and aerospace workers losing their jobs. Who knew? Where was the Courier when Republicans were obstructing every reasonable effort to kick start the economy through spending spending. Obama's policies indeed!

Posted: Thursday, July 19, 2012
Article comment by: Obama Throwing Mud

To United We Stand. Ever own a company? Do you know how a corporation works? Obama and his minions are counting on the fact you don’t. They are looking for anyway to change the dialogue from Obama’s record to Romney’s faults.

One can be CEO on paper without participating in the day to day operations of the company. If you start a company and you are the CEO, then you are required to sign all documents requiring the CEO signature. This does preclude you from stepping aside and letting the vice-presidents run the company. Everyone involved states Romney stepped down to save the winter Olympics. Obama knows it is hard to prove a negative and is trying to pile enough BS on Romney, so the independents will think twice before voting for him.

The editor is correct. This is just politics at its worst.

Posted: Thursday, July 19, 2012
Article comment by: Obama will go down in history as..

The first black president (and not much else).

Posted: Thursday, July 19, 2012
Article comment by: just thinking

Tom, you said, 'you can't wait until November 6th, for the economy to start over.

So it looks like you agree that Romney will take us to $0, then we'll all have to rebuild.

Why would a thinking person want this?

Posted: Thursday, July 19, 2012
Article comment by: Really .

The right-bias this editorial is not afraid to expose is astonishing. This paper doesn't even try to play it off like they are any sort of politically neutral entity. They seem quite forthright about giving mostly Republican-sided viewpoints and information. That kind of non-PC honesty is refreshing.
It is no secret that the Courier has carried water for Romney from day one. Look for them to endorse him in November. If you're not a Republican, you won't see very much to support politically in this paper.

Posted: Thursday, July 19, 2012
Article comment by: Hooty Hoo

Do I care if Romney took part in shipping jobs overseas? Nope. If that turned a company around then ship 'em Danno. His job was to turn a profit, not create American jobs, and he did just that. You know, the American jobs thing has more to do with how unprepared our workforce is to actually fill important jobs. Companies import talent from other countries because there's nobody here. We've left holding the bag of construction workers and assembly line workers who will be out of work forever if they don't learn something valuable. Obama doesn't get that. He's got a great job.

Posted: Thursday, July 19, 2012
Article comment by: PROVE IT

Mr. Romney. Prove that you have nothing to hide in your tax returns. Even your fellow republicans are begging that you release these and get it over with. Newt Gingrich, during a debate, even challenged you, that he hoped nothing was in there that would hurt obtaining the presidency. Another thing, is that Romney is always talking about his 25 year career with Bain and this appears in his biography. Do the math people. Bain started in 1977 and 25 years from that date is 2002. Republicans talk about transparency, but talk is cheap. In indeed, his overseas accounts in a blind trust, is exactly as he noted in 1994. Blind trusts are a ruse and you have a lot of control over them. You people are sure trying to dig deep to find ways to like Romney, but live with it, your vote won't be for Romney, but against Obama. Careful what you wish for. I see no leadership qualities or convictions in this man. Shame on the Courier for being partisan and not reporting all the facts.

Posted: Thursday, July 19, 2012
Article comment by: Can't Believe It, Part II

Robert Reich, one of the best cabinet members puts it this way: 'The core problem isn't outsourcing. It's that the prosperity of America's big businesses -- which are really global networks that happen to be headquartered here--- has become disconnected from the well-being of most Americans.

Mitt Romney's Bain Capital is no different from any other global corporation -- which is exactly why Romney's so-called "business experience" is irrelevant to the real problems facing most Americans.

The election can't come soon enough, I agree, then Mitt and his Mittsters will crawl back under their hedge funds, off-shore accounts, secret tax returns, etc.

Posted: Thursday, July 19, 2012
Article comment by: Who Is Surprised???

Who is surprised that we have reached this point--facing massive spending cuts. After all that is what Congress voted on. The cuts would not have happened if the "committee" could have agreed. The point of disagreement? The Democrats agreed on substantial cuts, but Republicans refused to consider raising taxes. The best way to stop the defense cuts would be to agree to raise taxes to pay to restore at least some of the spending. Even defense contractors are saying that the tax issue should be put back on the table. But, surprise, surprise, the Republicans are not going to do that. It seems they would rather see the cuts in spending. Remember the debate where Republicans were asked who would be willing to raise taxes $1 for every $10 cut in spending. No one would even consider it. Surprise? One other thing, the editor writes that these cuts would cause the loss of 2 million jobs. So spending $50 billion makes for 2 million jobs. I guess, contrary to what the Republicans always say, the government really can create jobs.

Posted: Thursday, July 19, 2012
Article comment by: Citi Zen

No president, nor presidential candidate has ever been perfect. They can all be critized for one thing or another. It's just that some are more competent, capable and effective than others.

Obama is not only a massively ineffective president, he is grossly incompetent and beyond that a petulent, angry man-child who can't handle competition or dissent. You liberals are so good at pointing out the imperfections of Obama's opponents, but you seem to think that those minor issues somehow mask the complete disaster that has been the Obama presidency. Many of you know better but choose to lie in the effort to support your leftist leader. Others of you are just so unbelieveably ignorant of the facts that you are nothing but mindless drones in support of Obama.

We all wonder when the first liberal will actually stand up and admit that Obama is not capable of being president. What will it take to bring you people around? I guess maybe I really don't want to know the answer to that question. Anyway, just remember, whatever you say about Romney or Obama's other opponents in government, there are dozens of true, serious and extremely negative things that can be said of Obama. Not only about his pathetic performance as president, but also about the person he is and the beliefs he holds.

Yeah, libs, we know Romney isn't perfect. But he is light years ahead of Obama in every aspect of admnistrative leadership. You need to grow up and realize it's NOT just a cliche to talk about what kind of country we are going to leave the next generation.

Posted: Thursday, July 19, 2012
Article comment by: J. Madison

Actually Obama didn't "have to try" this boatload of mendacity. In fact, he pledged in '08 to end the usual tactics of Washington that have made our campaigning process a sewer of lies and personal smears. But, like so much else he pledged (e.g., reducing the deficit by 50% in his first term, keeping unemployment under 8%, and creatinbg jobs), it was all lies and fraud to get elected and destroy the U.S. economy. We cannot get him out of office fast enough.

Posted: Thursday, July 19, 2012
Article comment by: Tom Steele

The Boston Globe is owned by the left wing New York Times for your information. As for fact checks, if you only are looking for anti Romney material you can find it there or on CNN. NBC or other east coast centered media. The fact the campaigner in chief has had NO jobs commission meetings so far this year while holding 107 fund raisers tells the story of the Obama administration. November 6th can not come fast enough for the economy to start it's recovery.

Posted: Thursday, July 19, 2012
Article comment by: Can't believe it

Dearest Editor, et al, you can't have it both ways. Worried about jobs in the Defense Industry? Agriculture? Where else in your hand-picked economy should we have concern? Do you really believe in Glenn Hubbard and his, er, Romney's Austerity Program? Cutting Gov't spending to increase 'investor confidence'? Where's your confidence now? The results are in, you're getting what you asked for.

Posted: Thursday, July 19, 2012
Article comment by: There you go again

United we stand: The issue is Obama's catastrophic failure with the economy. His policies have resulted in 10s of millions of people out of work. On its worst day Bain Capital is a knat in comparison. Talking about Bain is just a distraction from Obama's massive failure.
Courier: Why did you not fully 'vet' Obama as a candidate. You were much less interested in his backgroud then.

Posted: Thursday, July 19, 2012
Article comment by: Believe in America Bank in the Caymans

Pick your VP very carefully. Romney can't and won't show his tax returns. Yet, all things things can be known, eventually and likely sooner. Romney can't afford to be president, if it means disclosing his tax returns, so he might need to bail. The economic question is core to the election. We know who Obama is and what he stands for. We know the causes of the recession and Romney knows we know he's been part of the problem.

Posted: Thursday, July 19, 2012
Article comment by: United We Stand

While I really appreciate the Courier as my local "paper," I would hope that the unnamed editor also read other news. . .like the report from the Boston Globe (and the ensuing story after factcheck.com's statements) that found Romney signing documents as CEO years after he says he had left!?! It also might be nice to have seen some ink given to Romney and his campaign's reaction to questions about this disparity of dates (e.g. he retired retroactively!?!)

While I really dislike the negative ads of today's political campaigns (and their prevalence on the airwaves), I think it is perfectly okay to question both candidate's financial records, and experience. (I for one would like to know if these folks pay their fare share of taxes.)

In the case of Romney, if he is touting his business experience to get elected and create jobs, I want to know if his style of business includes shipping jobs overseas and parting out companies. While that may be the American way and work for investment companies, I do not want to vote for a 'Disbander in Chief."

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