W DIGS OUTSOURCING

[mburbank]

NEW REPORT: Why Bush Supports Outsourcing
Daily Mislead


On the eve of his trip to Ohio to "focus on jobs,"1 President Bush claimed yesterday that "we're creating jobs - good, high-paying jobs for the American citizen."2 His comments come despite the country having lost more than 2 million manufacturing jobs since he was elected. In Ohio, which lost 270,000 manufacturing jobs alone, the economic crisis has raised questions about why the president last month strongly endorsed the outsourcing of U.S. jobs to cheap overseas labor markets. A look at the president's donors offers an answer.3

Misleader compared the companies that outsource the most U.S. jobs with the president's campaign finance records.4 The analysis shows that the president's campaign has pocketed more than $440,000 and his party more than $3.6 million in just 4 years. These companies have a direct stake in the president publicly supporting outsourcing and doing everything he can to water down or oppose legislation to curb the practice.5

The breakdown of campaign contributions is as follows:

TOP OUTSOURCER: American Express
Contributions directly to the President Bush: $39,000
Soft Money contributions to the Republican Party: $422,405

TOP OUTSOURCER: Bechtel
Contributions directly to President Bush: $10,300
Soft Money contributions to the Republican Party: $465,150

TOP OUTSOURCER: Convergys
Contributions directly to President Bush: $7,500
Soft Money contributions to the Republican Party: $5000

TOP OUTSOURCER: Dell Computer
Hard Money to Bush: $40,250
Soft Money contributions to the Republican Party: $793,550

TOP OUTSOURCER: Delphi Automotive
Contributions directly to President Bush: $10,950

TOP OUTSOURCER: Fidelity
Contributions directly to President Bush: $164,908
Soft Money contributions to the Republican Party: $574,270

TOP OUTSOURCER: Ford
Contributions directly to President Bush: $76,200
Soft Money contributions to the Republican Party: $268,257

TOP OUTSOURCER: General Electric
Contributions directly to President Bush: $49,125
Soft Money contributions to the Republican Party: $756,987

TOP OUTSOURCER: Hewlett Packard
Contributions directly to President Bush: $6,200
Soft Money contributions to the Republican Party: 29,000

TOP OUTSOURCER: HSBC
Soft Money contributions to the Republican Party: $4,240

TOP OUTSOURCER: McKinsey & Co
Contributions directly to President Bush: $19,500
Soft Money contributions to the Republican Party: $102,500

TOP OUTSOURCER: Sallie Mae
Contributions directly to President Bush: $19,250
Soft Money contributions to the Republican Party: $261,000

Sources:

1. "Bush focusing on jobs in Ohio trip", MSNBC, 03/10/2004.
2. "President Commends Recipients of Malcolm Baldridge Awards", 03/09/2004.
3. "Jobs may be focal point in Ohio race", The Sacramento Bee, 03/10/2004.
4. NASSCOM FY02 Results.
5. "Senate pushes ahead with offshore outsourcing legislation", ComputerWorld, 03/05/2004.