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Ksec Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 09:25 PM
Original message
Bush makes money shipping jobs overseas
NEW REPORT: WHY BUSH SUPPORTS OUTSOURCING

On the eve of his trip to Ohio to "focus on jobs," (1) President Bush
claimed yesterday that "we're creating jobs - good, high-paying jobs for the
American citizen." (2) His comments come despite the country having lost
more than 2 million manufacturing jobs since he was elected. In Ohio, which
lost 270,000 manufacturing jobs alone, the economic crisis has raised
questions about why the president last month strongly endorsed the
outsourcing of U.S. jobs to cheap overseas labor markets. A look at the
president's donors offers an answer. (3)

Misleader compared the companies that outsource the most U.S. jobs (referred
to as "captive remote services companies" on page 11 of the trade
association report noted below) with the president's campaign finance
records. (4) The analysis shows that the president's campaign has pocketed
more than $440,000 and his party more than $3.6 million in just 4 years.
These companies have a direct stake in the president publicly supporting
outsourcing and doing everything he can to water down or oppose legislation
to curb the practice. (5)

The breakdown of campaign contributions is as follows:

TOP OUTSOURCER: American Express
Contributions directly to the President Bush: $39,000
Soft Money contributions to the Republican Party: $422,405

TOP OUTSOURCER: Bechtel
Contributions directly to President Bush: $10,300
Soft Money contributions to the Republican Party: $465,150

TOP OUTSOURCER: Convergys
Contributions directly to President Bush: $7,500
Soft Money contributions to the Republican Party: $5000

TOP OUTSOURCER: Dell Computer
Hard Money to Bush: $40,250
Soft Money contributions to the Republican Party: $793,550

TOP OUTSOURCER: Delphi Automotive
Contributions directly to President Bush: $10,950

TOP OUTSOURCER: Fidelity
Contributions directly to President Bush: $164,908
Soft Money contributions to the Republican Party: $574,270

TOP OUTSOURCER: Ford
Contributions directly to President Bush: $76,200
Soft Money contributions to the Republican Party: $268,257

TOP OUTSOURCER: General Electric
Contributions directly to President Bush: $49,125
Soft Money contributions to the Republican Party: $756,987

TOP OUTSOURCER: Hewlett Packard
Contributions directly to President Bush: $6,200
Soft Money contributions to the Republican Party: 29,000

TOP OUTSOURCER: HSBC
Soft Money contributions to the Republican Party: $4,240

TOP OUTSOURCER: McKinsey & Co
Contributions directly to President Bush: $19,500
Soft Money contributions to the Republican Party: $102,500

TOP OUTSOURCER: Sallie Mae
Contributions directly to President Bush: $19,250
Soft Money contributions to the Republican Party: $261,000
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 09:40 PM
Response to Original message
1. Link Please
eom
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Stephanie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 10:29 PM
Response to Reply #1
5. Link
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 09:42 PM
Response to Original message
2. Follow the money...
...right into re-pugs pockets. What a scandal!:grr: :nuke:
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patricia92243 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 09:49 PM
Response to Original message
3. Do you think he REALLY believe he has created new, good-paying jobs? He..
is not the sharpest knife in the drawer you know. Maybe he has been told he has created jobs and is dumb enought to believe it.
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Lagaan Donating Member (1 posts) Send PM | Profile | Ignore Wed Mar-10-04 10:24 PM
Response to Original message
4. Can you spell CARLYLE?!
Carlyle Upbeat On India Plans, Sets Aside $85 Million

NEW DELHI: India’s stupendous telecom growth is prompting Carlyle India, an arm of private equity major Carlyle Group, to re-focus on India not only as a major outsourcing driver but also as a major consumer of a range of services, including telecom. The Indian arm intends to invest $60-85 million in the next 2-3 years in emerging areas like telecom without losing focus on sectors like IT services, banking solutions and design and engineering.

Says Carlyle India Advisors Ltd director Kanwaljit Singh, who was in the capital for the KSA-Technopak retail summit: “We intend to invest around $60-85 million in the next 2-3 years. What has excited us recently is that India holds immense potential for supporting not only outsourcing-centric funds but also for portfolio funds which will address India’s consumption of services.”


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Ksec Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 10:44 PM
Response to Reply #4
6. Jeebus. Kerry was right when he said this bunch is corrupt
Imagine the President making money destroying the country!!!

This is just unfrikinbelievable to me. A guy in the highest office of the land ....ugh...
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 11:13 PM
Response to Reply #4
7. Ship call-center jobs to India and enrich Carlyle.
Tell me these corrupt global corporatists pledge allegiance to anything but money -- as the global plantation economy digs its tentacles in deeper and deeper.
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screembloodymurder Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 11:17 PM
Response to Original message
8. Export products not jobs: Vote for Kerry
I'm not for protecting all American jobs, just yours and mine.
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