As Dems Borrowed From China, Their Stimulus Sent Jobs to China

September 19, 2012

As Dems Borrowed From China, Their Stimulus Sent Jobs to China

While America Borrowed Money from China, Democrats Spent $833 Billion on a Failed Stimulus that Sent Jobs to China

The Democrats’ failed spending sprees have ballooned the national debt past $16 trillion, a $5 trillion increase under the Democrats’ watch that now has the U.S. owing China $1.15 trillion.
Democrats borrowed money from countries like China to pay for their $800 billion stimulus, but that same stimulus has since sent jobs to China.
However, the stimulus hasn’t just sent jobs to China—it has sent jobs to countries all over the world.

The Democrats’ failed spending sprees have ballooned the national debt past $16 trillion, a $5 trillion increase under the Democrats’ watch that now has the U.S. owing China $1.15 trillion:

CHINA OWNS $1.15 TRILLION IN U.S. DEBT: (“Major Foreign Holders of Treasury Securities,” U.S. Department of the Treasury, 9/18/2012)

“CBO: STIMULUS HELPED ALMOST DOUBLE U.S. DEBT”:(Conn Carroll, “CBO: Stimulus Helped Almost Double U.S. Debt,” The Washington Examiner, 6/22/2011)

“GEITHNER SAYS CHINA BACKS US STIMULUS”: “China has expressed confidence in the US economy and the Obama administration’s policies on fighting the recession, the US Treasury secretary said on Tuesday.” (Kathrin Hille, “Geithner Says China Backs US Stimulus,” The Financial Times, 6/2/2009)

$5.38 TRILLION INCREASE IN NATIONAL DEBT SINCE OBAMA TOOK OFFICE: (“The Daily History of the Debt Results,” Bureau of the Public Debt, Accessed 9/18/2012)

NATIONAL DEBT CURRENTLY STANDS AT $16.01 TRILLION; SIZE OF NATION’S ECONOMY AT $15.61 TRILLION: (“The Daily History of the Debt Results,” Bureau of the Public Debt, Accessed 9/18/2012; Bureau of Economic Analysis, Accessed 8/30/2012)

OBAMA: “FIVE TRILLION DOLLARS IS A LOT OF MONEY, EVEN IN WASHINGTON”: (President Barack Obama, Remarks At A Campaign Event, Dubuque, IA, 8/15/12)

Democrats borrowed money from countries like China to pay for their $800 billion stimulus, but that same stimulus has since sent jobs to China:

PRICE TAG FOR FAILED STIMULUS: $833 BILLION: (Congressional Budget Office, 8/23/2012)

FACTCHECK.ORG: STIMULUS DOLLARS “DEFINITELY” WENT TOWARDS CREATING JOBS IN CHINA, CHINESE COMPANIES GOT $2.6 MILLION: ”As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,”FactCheck.org, 10/29/2010)

MORE FACTCHECK: “CORRECT TO SAY THAT THE STIMULUS LAW CREATED JOBS FOR CHINESE WORKERS”: (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,”FactCheck.org, 10/29/2010)

POLITIFACT.COM: MONEY SPENT ON WIND ENERGY WENT TO CHINA: “…a small fraction of the money spent on wind energy went to China.” (“Stimulus went to windmills from China? Romney ad says so,” Politifact.com, 7/23/2012)

However, the stimulus hasn’t just sent jobs to China—it has sent jobs to countries all over the world:

DEPARTMENT OF ENERGY STUDY: “60% OF THE 40 LARGEST WIND FARMS” RECEIVING STIMULUS FUNDS “RELIED ON FOREIGN MANUFACTURERS FOR THEIR CENTRAL COMPONENTS”: “According to some critics, a galling example of the Obama administration fostering overseas work came as part the 2009 stimulus program. They point to millions of dollars meant to develop a domestic clean-energy industry that instead landed in the hands of foreign businesses. An April 2010 study by the Energy Department found that 60 percent of the 40 largest wind farms then financed by the stimulus relied on foreign manufacturers for their central components, including turbines.” (Tom Hamburger, Carol D. Leonnig and Zachary A. Goldfarb, “Obama’s Record On Outsourcing Draws Criticism From The Left,” The Washington Post, 7/9/2012)

EVEN SOME SENATE DEMOCRATS SLAMMED THE STIMULUS THEY SUPPORTED FOR OUTSOURCING: “In the wake of a new report revealing that a clean-energy grant program in the stimulus has paid out more than $1 billion to foreign manufacturers, U.S. Senators Charles E. Schumer (D-NY), Bob Casey (D-PA), Sherrod Brown (D-OH) and Jon Tester (D-MT) urged the Obama administration Wednesday to suspend the program indefinitely until the law can be fixed so that funds only flow to projects that will create jobs in the United States.” (Press Release, “Schumer, Casey, Brown & Tester Urge Obama Administration To Suspend Stimulus Program Funneling Billions Overseas,” Office Of Sen. Charles Schumer, 3/3/2010)

INVESTIGATIVE REPORTING WORKSHOP: 79% OF FIRST $2 BILLION WENT TO FOREIGN COMPANIES: “Administration officials have said they do not have the authority to prevent that payment. If the aid goes through, it would be just the latest example of a larger trend, according to an independent report conducted last month. The Investigating Reporting Workshop found that 79 percent of the $2 billion in grants doled out by the clean-energy program in the stimulus so far went to foreign companies.” (Press Release, “Schumer, Casey, Brown & Tester Urge Obama Administration To Suspend Stimulus Program Funneling Billions Overseas,” Office Of Sen. Charles Schumer, 3/3/2010)

GRACIAS, STIMULUS –STIMULUS MONEY HIRED WORKERS IN EL SALVADOR AND THE DOMINICAN REPUBLIC:

IN DEC. 2009 OHIO GOT $11 MILLION STIMULUS GRANT TO PROVIDE REBATES FOR GREEN APPLIANCES: “Ohio will use $11 million federal stimulus money to provide rebates to people who buy energy efficient appliances for their homes. The U.S. Department of Energy approved the state plan Thursday.” (“Ohio Stimulus Plan Gives Rebates On New Appliances,” The Associated Press, 12/4/2009)

OHIO CONTRACTED WITH TEXAS-BASED PARAGO TO RUN THE PROGRAM. “Ohio’s Department of Development contracted with Texas-based Parago to run the appliance rebate program for roughly $500,000.” (Patrick Preston, “Ohio Rebate Program Created Jobs In Texas, Central America,” NBC4I, 7/27/2010)

STIMULUS GOES TO EL SALVADOR: PARAGO HIRED HUNDREDS OF WORKERS IN EL SALVADOR UPON RECEIVING THE CONTRACT: “A Texas company hired to administer Ohio’s popular appliance rebate program used hundreds of workers in El Salvador to process applications and to answer customers’ calls.” (“Strickland Upset With Stimulus Work Outside U.S.,” The Associated Press, 8/01/2010)

WORKERS IN THE DOMINICAN REPUBLIC ALSO CASHED IN ON THE STIMULUS: “The Texas company that outsourced stimulus-funded call center jobs to Central America also hired workers in the Dominican Republic. Ohio Department of Development spokesperson Katie Sabatino confirmed that Lewisville, Texas-based Parago used call centers in El Salvador and the Dominican Republic on Friday, the same day that ODOD released documents detailing how Parago won the state contract to run Ohio’s Energy Efficient Appliance Rebate Program.” (Patrick Preston, “Columbus CEO Speaks Out Against Texas Company in Charge Of Ohio Appliance Rebate Program,” NBC4I, 7/30/2010)

DANKE, STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO GERMANY:

FACTCHECK.ORG: “SAFE TO SAY” STIMULUS CREATED JOBS IN GERMANY, GERMAN COMPANIES GOT $474.4 MILLION: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

OBRIGADO, STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO PORTUGAL:

FACTCHECK.ORG: “SAFE TO SAY” STIMULUS CREATED JOBS IN PORTUGAL, PORTUGUESE COMPANIES GOT $333 MILLION:: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

HEY STIMULUS, THANKS MATE — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO AUSTRALIA:

FACTCHECK.ORG: AUSTRALIAN COMPANIES GOT $178 MILLION FROM STIMULUS: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

ARIGATO, STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO JAPAN:

FACTCHECK.ORG: JAPANESE COMPANIES GOT $130.5 MILLION: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

GRAZIE, STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO ITALY:

FACTCHECK.ORG: “SAFE TO SAY” STIMULUS CREATED JOBS IN ITALY, ITALIAN COMPANIES GOT $84.2 MILLION: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

MERCI, STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO FRANCE:

FACTCHECK.ORG: “SAFE TO SAY” STIMULUS CREATED JOBS IN FRANCE, FRENCH COMPANIES GOT $69.5 MILLION:: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

CHEERS,STIMULUS — DEMS’ STIMULUS WIND PROJECTS TOOK JOBS TO THE UNITED KINGDOM:

FACTCHECK.ORG: “SAFE TO SAY” STIMULUS CREATED JOBS IN THE UK, BRITISH COMPANIES GOT $42.2 MILLION:: “As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: Spain, $1.1 billion; Germany, $474.4 million; Portugal, $333 million; Australia, $178 million; Japan, $130.5 million; Italy, $84.2 million; France, $69.5 million; United Kingdom, $42.2 million; China, $2.6 million. Choma said wind turbines have 8,000 components and he found proof that some of them were manufactured in China and other countries. … In a blog post on Sept. 27, Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did, but it is safe to say more money went to creating jobs in the U.S. and Europe.’” ((Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,” FactCheck.org, 10/29/2010)

Under Dems’ Policies, America Is Falling and China Is Rising http://ow.ly/dOIOf