Seven Publicly Traded U.S. Corporations on President Obama’s ‘Council on Jobs and Competitiveness,’ are Siphoning BILLIONS of Profit Dollars to Foreign Countries, Instead of Putting Money Back into the U.S. Economy, to Create Jobs for Unemployed Americans:

Seven Publicly Traded U.S. Corporations on President Obama’s ‘Council on Jobs and Competitiveness,’ are Siphoning BILLIONS of Profit Dollars to Foreign Countries, Instead of Putting Money Back into the U.S. Economy, to Create Jobs for Unemployed Americans:

By Marc Chamot

First of; we’ve always got some liberal moron and loony bin, who wants to change the make-up or take away the will of the voters. We’ve got activist judges, who legislate from the bench and who like to change voter’s wills on initiatives they don’t like, and now we’ve got politicians who want to do it too.

Leave it to San Francisco Supervisor, Scott Wiener; he thinks that voters are dumb as rock that they would vote for his new law proposal, letting the board tweak or change voters’ initiatives.

Scott Wiener’s putting this city charter amendment on the city’s November ballot. It basically gives the board of supervisors’ unconstitutional power grab, to alter or repeal certain voter approved ballot measures of the past and in the coming future.

This is typical arrogances coming from progressive liberal politicians and from right leaning politicians too. They think they know far better than the voters, but in reality, they don’t know their IOTAS from a hole in the ground.

This new measure, would attempt to do away with San Francisco law, which bars the board and mayor from rescinding or modifying any voter approved measures, unless the measure grants that authority.

However, this law would be effective for any voter approved initiatives after three years. Good luck with that ‘Winnie.’

Where are the JOBS? A news story that got dug into the back section of most newspapers, a recent report of jobless filings has risen across the country again. In contrary to what we’re hearing from inept congress and American president, people are still losing their JOBS at a higher rate!

More people applied for benefits last week, evidence that the job market is still in disarray. Unemployed people rose by 10,000 last week, so far this year, 424,000 Americans have lost their jobs. Tornados and floods are being blamed for the higher increase. Unfortunately, we haven’t had tornadoes and floods since the beginning of the year, and unemployment rose.

If we wanted to know why America is going down the 'gutters,' and if we truly wanted to find out the real reasons, as to why we’re having big JOBS problems in the U.S., we don’t need to go too far to figure it out.

Seven publicly traded U.S. corporations are in President Obama’s ‘Economic Advisers’ on Jobs,’ within the Administration’s, Advisory Council on Jobs and Competitiveness, are corporations that include Intel Corp. and General Electric Corp., who have actively outsourced jobs abroad, and have invested billions of dollars in foreign countries, instead of putting money back into the U.S. economy to help create more job opportunities for unemployed Americans.

Since those CEO’s who are actively participating in Obama’s jobs council, over the past four years, their investments overseas have practically doubled, while U.S. investments have declined, according to new data compiled by Bloomberg.

“By doing so, companies may be able to take advantage of faster-growing markets or lower production costs, and they can defer U.S. income taxes on profits from overseas sales. Underscoring the difference between corporate interests and the national interest, they're investing money elsewhere that could be helping the U.S. economy, said former Labor Secretary Robert Reich.

"That's a signal that they are betting less on America," Reich said. "We've got to understand there's a fundamental difference between the competitiveness of these companies and the competitiveness of America and American workers."

General Electric Co. Chairman and CEO Jeffrey Immelt is chairman of the 26-member President's Council on Jobs and Competitiveness. Members from U.S. multinational corporations include Intel CEO and President Paul Otellini, Citigroup Inc. Chairman Richard Parsons, American Express Co. Chairman and CEO Kenneth Chenault, DuPont Co. Chairman and CEO Ellen Kullman, Eastman Kodak Co. Chairman and CEO Antonio Perez and former Procter & Gamble Co. Chairman A.G. Lafley.”

It’s a travesty! This is one campaign promise that Obama ‘FAILED’ to keep, he’s knee DEEP in the manures, like sucking-up to America’s biggest corporations, favoring Wall Street over Main Street. What’s laughable, GOP/Republicans are far worse.