Santorum Investing in Outsourcing Firms (Bloomberg)

[kpete]

Rick Santorum, chasing the votes of factory workers and laborers in South Carolina (BEESSC), is promoting what he calls his “Made in America” plan to eliminate U.S. corporate income taxes on manufacturing companies and reverse the flow of jobs to lower-cost countries.

When he invests, however, Santorum’s been putting his own money in companies that ship much of their manufacturing work to factories in China, Thailand, Malaysia and other countries.
Of 18 publicly traded stocks listed in the former Pennsylvania senator’s most recent financial disclosure, six companies sell fiber-optic equipment and outsource production to overseas factories-for-hire or operate their own plants abroad.

The payroll at one of Santorum’s investments, Fabrinet Inc. (FN), last year included 5,300 manufacturing workers in Thailand, 1,200 in China and 30 in the U.S., according to its latest annual report.

more:
http://www.bloomberg.com/news/2012-01-20/santorum-investing-in-outsourcing-firms.html

[montanacowboy]

1. Well let's spread this far and wide

that smarmy jackass - this guy is by far the creepiest of the bunch

yeh, he is for the working guy, he is going to bring jobs back to the US by cutting corp taxes to zero (which in case he has not checked, most already pay zero)

he is a pompus bloviating asshole of the worst sort

[Bozita]

2. Maybe he'd stand a better chance running for office in Thailand ...

... cuz he's a "Job Creator" there.

[raouldukelives]

3. Not a shocker.

I'd imagine most people with a 401k invest in outsourcing firms as well.

[arbusto_baboso]

4. That was my thought.

It would be tough NOT to invest in outsourcing companies at this point, unless one doesn't invest at all, or invests very narrowly after a great deal of scrutiny.

Scrutiny is something Republicans don't "do".

[usrname]

5. If you're investing through a 401(k)

Chances are you're using some mutual fund company like T Rowe Price, Vanguard, Fidelity. In that case, you can't pick and choose the actual companies a fund might invest in. However, it seems in Santorum's case, he invested directly with a company and not through a mutual fund.

[raouldukelives]

13. That's for sure

I know 401k's hold much more than Santorum does but it's still comparing apples to apples. Or in this case, Rick's bushel of apples and Fidelity's apple farm. Either way, none of them are doing anyone any favors.

[tawadi]

6. Of course he does

Will the average GOP voter even know this? Doubtful.

[DemonSpawn]

7. Will the average GOP voter CARE?

Methinks not...

[tawadi]

8. Probably not

[Populist_Prole]

12. Care? They'd exhort a fist-pumping cheer!

The Cavuto's and Limbaugh's think that's just great, and so do ( by extension ) their minions/listeners. Completely in the thrall of global capitalism they are.

[Thaddeus Kosciuszko]

9. Santorum has money...? Sweater Vest entrepreneur...?

[OneAngryDemocrat]

10. Dick Santorum

“The fact that I or anybody else invests in companies that you think are going to help you in your portfolio -- that’s why you invest. You make public policy for different reasons.” ~ Richard "Fuck You & Your Family, My Portfolio Comes First" Santorum

[schmice]

11. the millionaire Santorum

This man has some gall saying that he can't offer up his taxes since he does them himself at home and he's not there now. He's made millions since he left the Senate and "he has people" who handle that. He's a consummate liar. Then you have that Romney guy with that smile/smirk tattooed on his face even when he was being targeted. Very scary man. Gingrich diverted the anger about his private life against the media instead and won in the chutzpah department. Ron Paul made some goofy face which will characterize him like the Dean Scream or Dukakis in a tank.

Santorum will give up soon. If I didn't disagree with most of what he stands for, I might even feel a little bit sorry for him. If Romney can salt away millions in the Caymans, what's so outrageous about investing in outsourcing. They don't see the inherent contradiction. I can hardly wait for November. Popcorn time.