Outsourcing extends to the President’s foreign policy. Mr. Obama “pivoted” his outsourcing to China long before he pivoted his foreign policy in that direction. During his first trip to Beijing in 2009, the president approved of American help in China’s effort produce commercial jetliners. The State Department subsequently explained the rationale: “We needed China to help us deal with North Korea and Iran and other foreign-policy issues.” So we nod to outsourcing airline manufacture to Communist China for the promise of a helping hand on foreign policy. Should the President then be criticizing Governor Romney?
Indeed, the president’s “leading from behind” approach to international relations—which relies on the “soft power” of treaties and international organizations and rejection of American exceptionalism, may be seen as an outsourcing of foreign policy. Similarly, the dogged pursuit of flawed treaties that diminish American power (e.g., the NewSTART Treaty) and undermine American sovereignty (e.g., the Arms Trade Treaty and the Law of the Sea Treaty) represents an outsourcing of national security to international organizations.
And then there’s the outsourcing of debt. President Obama inherited $10.6 trillion in national debt and has piled on another $5.3 trillion during his tenure. As of this April ,Communist China held $1.1 trillion of that debt; Japan held $1.1 trillion; Russia owned $147 billion and Brazil $247 billion. As we’ve seen, the debt is dangerous, both to our economy and our ability to spend what we need on national security.
To add insult to injury, our kids and grandkids will have to pay off the Chinese and others when these bonds fall due. Older Americans are living better lives today because we are borrowing so freely to shore up Social Security and Medicare. But ultimately this amounts to generational theft.
Outsourcing trillions in debt to foreign nations is self-defeating. Outsourcing our national security to international organizations is unwise. And using the federal government loan authorities to outsource jobs is just plain crazy.
Nothing to see here, says the left. The real scandal, it seems, is that Romney used money invested voluntarily in Bain Capital and gave the investors a good return for their money.