Vote 2012: Pres. Obama, Romney Talk Job Records

By Jillian Petrus, Reporter

CEDAR RAPIDS, Iowa – The outsourcing debate.

It's the latest contest between President Obama and Governor Romney in an effort to court middle class voters.

On Tuesday, the Republican National Committee and Romney dubbed the president "The Real Outsourcer In Chief," during a rally in Colorado.

Not to be outdone, the President launched his own offensive against Romney during his Cedar Rapids address. He called the company Mitt Romney once headed, Bain Capital, a pioneer in outsourcing jobs

Is this politics as usual in hopes of winning over middle class voters?

We used several sites including Factcheck.org to find out what's true and what's false.

"Governor Romney has experience owning companies that were called 'pioneers' in the business of out sourcing," Obama said.

The company Obama is referring to is Bain Capital, and according to FactCheck.org, the company has shipped jobs overseas. However, most of this happened after Romney left.

As for the claim Romney sent jobs to India during his time as Governor of Massachusetts, that's also stretching the truth.

But Romney did reject a bill to stop his state from working with a company out sourcing its service-call centers to India.

"The very idea of raising taxes on the small businesses and job creators at the very time we need more jobs is the sort of thing an extreme liberal comes up with," Romney said to a cheering crowd in Colorado on Tuesday.

The "ObamaNomics" website, launched by the Republican Nominating Committee on Tuesday, attempts to fight back against the out sourcing jabs. The site lists foreign companies that supposedly benefited from the president's 831 billion dollar stimulus package

We're not sure how much of the site is accurate, but as a rebuttal, an Obama aid posted a link to documents and budgets outlining the president's tax incentive plan for companies to keep work in the US.

Next up is regulation.

"This president has increased the rate of new major regulations by three fold over his predecessor," says Romney, "Do you believe adding regulation helps small business grow and add jobs?"

The governor argues President Obama's over regulation is forcing companies out of the country. A 2011 Bloomberg Report actually put Obama neck and neck with the Bush administration on the amount of added rules and regulation.

But that report did not include the Affordable Care Act which promises new rules for insurance, health care providers and businesses.


FACT CHECK – Claims made against Mitt Romney during Obama's Cedar Rapids Speech
1) AUTO MANUFACTURING 7/10/12
"When the auto-industry was on the brink of collapse, more than one million jobs on the line, Governor Romney said we should let Detroit go bankrupt.
Mitt Romney did argue against the bailout of the U.S. auto industry in 2008, in an article entitled "Let Detroit Go Bankrupt."
The op-ed piece in the New York Times argued that federal loans weren't the answer to fixing the auto industry. Instead, Romney said the automakers struggling to stay afloat should enter bankruptcy, and as a result, allow them to "shed excess labor, pension and real estate costs."
Romney wrote: "If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye."
In February, Romney said Obama followed his proposed plan by putting GM and Chrysler through bankruptcy

2) MORTGAGES AND HOUSING MARKET
"My opponents housing plan is to let the housing market hit bottom... I saved responsible homeowners 3,000 dollars a year by helping them refinance their loans." – Pres. Obama 7/10/12
The President's plan has allowed struggling homeowners who have mortgages backed by Fannie Mae or Freddie Mac to refinance without getting a new appraisal or a full credit check. The program also eliminated some risk-based fees for borrowers.
In previous speeches, Romney has said allowing the foreclosure process to "run its course and hit bottom" is the best way to help the housing market recover. However, the governor also said he's not opposed to helping homeowners refinance to stay in them.

3) EXTENDING BUSH ERA TAX CUTS
"That would cost about a trillion dollars and we can't afford it not at a time when we're trying to bring down the deficit." – Pres. Obama 7/10/12
In his Cedar Rapids address, Obama argued that Congress is fighting over one percent of wealthy Americans when it comes to solving tax increases for 2013. The President said Tuesday he doesn't understand why Congress won't "keep fighting over the one percent" and give tax breaks to the rest of middle class America.
According to the GOP Romney campaign, the January 1, 2013 deadline is not a tax break for middle America. It will ensure tax rates do not increase, but it is not a tax break.
Romney fired back in Colorado on Tuesday saying, "the very idea of raising taxes on the small businesses and job creators at the very time we need more jobs is the sort of thing an extreme liberal comes up with."

4) FUNDING FOR VETERANS
"We've increased veterans funding since I've been president higher than any time in 30 years." – Pres. Obama 7/10/12
Obama requested a 125 billion dollar funding increase for returning veterans from Iraq and Afghanistan in 2011. The package included funds for the GI Bill, mental and physical health care needs, serving women veterans and gender specific health needs and the preserving of national shrines for war veterans.
Whether it's the highest in 30 years, we could not find exact data to support the claim.

http://secure.assets.bostatic.com/pdfs/B8FD31CE52CFEC15DCA0CAF1717FD6E3C1758235C665C65CE823E073BB426143/outsourcing-insourcing.pdf
click here

http://www.obamanomicsoutsourced.com/ click here

http://factcheck.org/2012/06/obamas-outsourcer-overreach/
click here
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