But going by the flimsy standards being hurled at Romney, one might wonder why Obama's Council on Jobs and Competitiveness is infested with outsourcers. Jeffrey Immelt, the council chairman, has "sent" tens of thousands of jobs overseas while closing factories in America. Xerox, also represented on the council, not only helps other firms outsource, it paid India-based HCL Technologies $100 million in 2009 to consolidate its data centers.
Obama's preferred cap-and-trade policies would amount to a massive jobs, wealth and pollution transfer to countries like China that don't tax fossil-fuel use. Even his green energy program has given huge subsidies to firms that create jobs overseas. ABC News' Jonathan Karl reported that of the $2 billion in stimulus dollars spent on wind power, nearly 80 percent of the money went for windmills built in foreign countries. Heck, Obama's campaign has even used a Canadian telemarketing firm.
And yet it's Obama who's benefitting from faintly xenophobic ads about how Romney wants to give foreigners your job.
Obama's mercenary hypocrisy is not the point. What's significant is his -- and a lot of other people's -- willful ignorance about outsourcing and investment banking.
Is it really so shocking that that the dying companies Bain tried to turn around shed jobs? Is it fair or intellectually honest to hang a global trend of the last 40 years around Romney's neck? Do all the liberal activists tweeting on their made-in-China smartphones actually believe what they're saying about the evils of outsourcing?
Indeed, if what Bain Capital does is so evil, why are the public pension funds of California and Pennsylvania shareholders in Bain? If private equity is the enemy of the working man, why do unions -- including the Service Employees International Union -- park nearly a quarter of a trillion dollars in dues in private equity funds?
In a sense, Romney deserves more blame than Obama. He knows the truth but won't defend the industry that made him rich and gave him the career he says qualifies him to be president.
TPP Would Authorize Obama to Set $15 Minimum Wage, Card Check, and CO2 Emissions Regulation—All By Executive Fiat | Michael Hammond