The Campaign Spot

Look, If You Keep Creating Jobs Overseas, Nobody Will Need Us Anymore

It’s rather revealing that no one finds a contradiction between these two news items:

President Obama, yesterday: “For years, we’ve talked about ending tax breaks for companies that ship jobs overseas and giving tax breaks to companies that create jobs here in America.  That’s what our budget will finally do.  We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits.”

Meanwhile, on Capitol Hill: “Under Obey’s bill, Pakistan would receive $1 billion in economic aid, including $500 million he added despite his concerns about Obama’s policy in the region.”

So, just to clarify, when U.S. corporations use their own funds to open subsidiaries and factories and create jobs in other countries, it’s a bad thing, but when the U.S. government uses taxpayer funds for “economic development” to create jobs in other countries, it’s a good thing?