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it's thursday time for world view with dennis campbell dresses editor in chief
of u_k_ progressive magazine also author of the book billionaire boys election
freak show let's go back for a second dentists in that moment in the second
presidential debate when the topic of mit romney's pension came up
and president obama pointed out that mit romney does have many investments in
chinese companies including his record on this show chinese companies looking
to help or ran
not nuclear but other types of energy companies in china that have been uh...
kat embezzling money so on and so forth there's actually much more to the mit
romney chinese investment story and many more specifics to look at isn't that
right
eat this we we read a series of u day progresses maga do something and monday
and then concluding on www answer just after the debate look we ap
the investments in china and china a general as a place with which to
business
but i think the it bears a a lot of repeated use of several times across the
debate
where friends it's the young gentleman who stand up and said you know we're not
going to find a job well you know if you look at his experience in
moving jobs overseas and if you look at the types of working conditions which i
saw during those eleven days in china
uh... you know it was a propaganda tour was immediate or
where they tried to show you all wonderful things that were going on in
that country but then when you saw the conditions under which people were for
example in the monday article
i talked about visiting a liquor plans
where they literally had to take peat moss
and turn it over without any protective equipment whatsoever so they were
working
with the fumes coming off the p
with basically just sure it's the he's and he's huge force to flip it over
we immediately there we were overcome in a span of about ten minutes and couldn't
imagine what it would be like something work in those conditions
for a dollar a day in that planned over an extended period of time
to locate the that move in the past
the move of this is something
on technology is planned to china these work
in a high-skilled manufacturing jobs in the united states
where people were making of very intricate set the story she married
now being moved across into a similar environment
because mit romney as a settlement forty seven percent tape
absolutely love does the way in which there are people lining up for jobs in
that country
at a dollar a day
in dormitories working twelve plus hours a day six days a week
now what we're going to hear from the right on a lot of these issues as well
but there's actually a lot of defense is one that romney actually used in the
debate which is less than
my investments are in a blind trust i have no control over those now if we go
back to nineteen ninety-four mit romney is on the record as saying
hiding behind a blind trust is quote the biggest roots so that excuse kind of
goes out the window the other excuses will be will listen
if you hold a mutual fund in american companies there's no question
that some of those companies which are indirectly investing and are doing
things that are
less than ideal how do we countered that spin from the right
well let me tell you shes let's take a look at what they use what they need us
the primary thing that but that that mit romney is running on his experience as a
businessman
and as a job creator and as we heard from david stockman over of the daily
beast earlier this week
he was not there
all he was was a speculator he was somebody who would buy companies dress
them up and flip them as quickly as he could or harbison i think all that
gephardt artists in whatever you want to call it
and denoted then of be involved both for example one of his investments that we
we we talk about is in a company called
knee and finally tonight people who make sure that the name correct on that
what they do is they manage with something called supply chain
data and and and information from any lockbox u_s_ companies
that's a huge feminism for offshoring
and taking jobs and placing them overseas in countries like china india
its ever
and we have fallen on looking over his to make sure that the list from
they've invested in doing the despite chain management toys r_ us target
wal-mart
timberland and make actually
the entire manufacturing operation of liz claiborne two eighty three million
dollars
photo idea that this his investments in china
are neither directly nor indirectly hurting american jobs goes completely
out the window
it's a complete fallacy
because he's dealing with companies that are of such question would respond to
the intramuscular
of he'd be payment come
the investment on which he has no control
yet every time one of these investments does well the sales and suffer
if you think is fun repeatedly in the the alert are
already has a lot of money in it
what's that goes who's going to have you been morgan they'd look for ways is to
to shield income
that's all the other evening was the the dayton peace show appearance of j_k_
iran a leading author of the harry potter's juries
she was only get and she's a billionaire on right
it she said something very active challenges that looked oppa you know the
country supported me that being the medicaid them when i mostly did it by
wasn't on benefits i was really desperately trying to take care of my
child
when i finally it big
i didn't do what the rolling stones and several of these other mega mega star
busted and move my residence to mop unko so i could get a better tax treatment
i well i felt that all obligation and responsibility
as do a lot of us here to take good care of the systems that have helped to
support us along the way there's not an point in time all of us having fallen
down and needed a safety net but the simple answer is not just take every
possible deduction you can't every possible tax talk you can move it
overseas this such a thing called the social contract was born in your state
has talked about that throughout this campaign young and i don't know that
this is not that that's a comment that indicates some semblance of a moral
compass and the it's actually laughable the idea
that may arrive me whatever makes such a state that it it literally be the idea
of it is is
funny because of how far uh... on the opposite side of that spectrum he is
expected when you look at yours
the the investors is that the way which is that that even
for his tax returns together
the one year lease to own the rest of the world to see he had to adjust his
income down with some two million dollars in charitable contributions to
get the paid amount up to fourteen percent which is half of what the
average american pays in their taxes that's just laughable over here on this
side of the pond we could not imagine anybody doing something like that that
lately and who amongst us doesn't think that kind of a seventh of november he's
just going to file an amended return and put that two million dollars back in his
pocket no question about it last thing on this the double standard that we're
seeing here is incredible because if we just imagine
one of president obama were found to have invested in a company that was
aiding iran in research
vitriano sujit completely opposite but concert mainstream media many of which
uh... much of which is conservative is just completely silent on this issue
they are empty the list is that the company it's only by the some of the
trial of national
offshore oil corporation right
that doing business with the country that says we should bomb at the request
of
israel ryla
and then i think that they're helping iran's development was parts natural gas
field
so the hypocrisy throughout his entire campaign
not just on this issue but suddenly being you know the champion of women's
rights but it would be to support the lily lead that bill it's just beyond the
pale and and here
it i'd find it you know as i sit here and i walked everywhere comes out of his
mouth it reminds me of the old lawyer joke how can you tell the lawyers line
is listen moving
right is mister meaner different would never i mean paul ryan is missing
dennis campbell editor in chief of u_k_ progressive magazine the book a
billionaire boys election freak show thanks as always dennis will talk to you
next week
explana