(CNN) – President Barack Obama heads to the crucial battleground state of Ohio Monday to tell voters that Republican challenger Mitt Romney's tax proposals would send American jobs to countries overseas, including China.
The Romney campaign responds that the new allegation from the Obama campaign is "another dishonest attack."
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The president holds a town hall in Cincinnati Monday, where his campaign says he'll highlight his push to extend the middle class tax cut and where he'll tout his administration's 2009 bailout of the U.S. auto industry, which Democrats say saved thousands of jobs in the Buckeye State. Romney has repeatedly stated his opposition to the president's loaning of taxpayer dollars to Chrysler and General Motors while they reorganized during bankruptcy protection.
The Obama campaign also says the president will discuss a new report that estimates that Romney's "support for eliminating U.S. Taxes on American companies' foreign incomes would create 800,000 jobs in other countries, including 73,000 jobs in China. These jobs are likely to come at the expense of American workers, in cities like Cincinnati."
The report the Obama campaign is touting, published in Tax Notes, concludes that the reforms Romney supports "would significantly increase incentives for U.S. firms to move economic activity abroad."
The Romney campaign quickly fired back.
"President Obama is at it again today with another dishonest attack meant to distract from his own record of failure. After spending three years pushing policies that drive jobs overseas and sending taxpayer money to foreign-owned companies, it's clear President Obama doesn't have a clue when it comes to job creation in America," Romney campaign spokeswoman Amanda Henneberg told CNN.
"Our corporate tax rate is the highest in the industrial world and impairs the ability of American businesses to both compete globally and create jobs here at home. Mitt Romney has a comprehensive plan to reform the corporate tax code that will lower rates, get rid of incentives for firms to create jobs in other countries, and encourage the kind of economic growth President Obama has been unable to deliver," added Henneberg.
The new back and forth comes as both campaigns have repeatedly accused the opposing candidate of outsourcing U.S. jobs overseas. A non-partisan fact checker -Factcheck.org– has poked some holes in Obama campaign commercials that accuse Romney of outsourcing.
The stop in the Buckeye state will be the president's eighth trip there this year. Obama held his first official campaign rally of his re-election bid in Columbus in early May and a week and a half ago he spent two days on a campaign bus tour through the northern part of the state.
Ohio's a battleground or swing state, which will be heavily contested by both major parties in the presidential election. The most recent poll in the state, conducted late last month by Quinnipiac University, indicated the president with a 47%-38% lead over Republican challenger Mitt Romney. In the 2008 election, Obama won the state by five points over Sen. John McCain, the GOP presidential nominee.
Romney was last in Ohio on June 21, and heads back on Wednesday, holding an event in Bowling Green, in the northwestern part of the state. The trip will be Romney's 11th to Ohio this year, though many of the stops were for the state's GOP primary, which was held in early March.
In advance of the president's town hall in Cincinnati, top Romney surrogate Sen. Rob Portman of Ohio held an event in nearby Lebanon. Portman is considered to be one of the candidates Romney is seriously considering as his running mate.
Since April 10, the Obama campaign has spent nearly $10 million to run ads on broadcast TV in Ohio. And the Romney campaign has shelled out more than $3.7 million. When you add in money spent by independent organizations, including advocacy groups and so-called super PACs, there has been more than $22 million in ad buys in Ohio.
The figures come from data provided to their clients by Kantar Media/Campaign Media Analysis Group, which tracks political ad spending on broadcast TV and national cable. The data covers the period from April 10 through May 24. April 10 is the day former Sen. Rick Santorum of Pennsylvania suspended his presidential campaign. Santorum was Romney's main rival for the Republican presidential nomination, and when he left the race, the former Massachusetts governor became the presumptive GOP nominee.
Fair is Fair
No disrspect intended here... but did he get hit in the shoulder with a water baloon or something? His shirt is soaking wet.
It was pouring rain outside that day. The President, as well as all those there, got soaked.
If Romney gets a shot at running the U.S. like he did Bain Capital, he'll swoop down while we're weak, sell off all of our assets, ship all of our jobs overseas, and hide his profits in offshore accounts to avoid paying his taxes.
"Bain Capital was just a bunch of rich guys who figured our clever, legal ways of draining companies dry and leaving the employees with nothing." Newt Gingrich 2012
We've seen what happened to our economy since Democrats took control of congress. We've seen how much worse it got after Obama became president. It's amazing that Obama thinks he has any credibility to talk about "outsourcing" while his policies have destroy or driven out millions of American jobs.
First, Obama blamed the lack of jobs because of Bush and Cheney policies (although Obama fails to mention that he as a Senator and the rest of the democrats controlled both the House and the Senate during George Bush's last two years in office; and Obama controlled the House, Senate, and White House for the next two years - and for the past 2 years Obama has the Oval Office and the Senate (2/3rds of government), and yet Obama refuses to stand up and acknowledge that he is in charge and responsible for the over 8% unemployment for the past 42 months. Next, Obama blamed – on and off – Fox News, Sarah Palin, the Tea Party,The GOP led House, Rush Limbaugh, Europe, and anything else he could point to rather than acknowldge that his policies and lack of leadership were to blame. Now 4 years into his term, he points fingers at Bain Capital - while his record is HORRIBLE.
If Obama has questions over who made the decisions at Bain after 1999 (which question is just a smokescreen for Obama anyway) when Romney left to save US Olympics, he can just ask his chief fund raiser at any number of high dollar events Obama has been at - becasue Obama's fund raiser is the current CEO of Bain Capital.
Obama needs to invest in dual teleprompters so he is more convincing when he is talking out of both sides of his mouth at the same time
President Obama represents public service for the greater good & insourcing jobs back to America.
Romney represents policy that mainly benefits himself & continuing to outsource jobs to other countries.
With so many testimonials from people, Democrats, Republicans and others, that Romney and Bain did not outsource and was not a corporate raider why do Obama, his Administration and his Campaign continue to pander these lies? He is so sad reduced to demonizing the competition without any virtues of his own to run upon.
Republicans believe that the poor, seniors, and middle class need to pay the cost of relieving the wealthy of paying any taxes so that the wealthy might toss a few crumbs in their direction. "Job Creators" are magical creatures who will create jobs for the lower class, even if the lower class cannot afford to buy any products. That's "supply-side" – just give the rich enough money and they will build factories! The flaw in that thinking is that this practice is destroying the middle class and they can no longer afford to purchase products built in those factories. Democrats believe a strong middle class will be able to purchase products that they need and/or would like to have if they are paid a decent salary with benefits. Republican leaders only adhere to this practice when it comes the THEIR salaries and THEIR benefits.
Without demand, there is no need to supply.
General Motors outsources tens of thousands of jobs to China,South Korea, India, and Russia. Obama's hand chosen Jobs Czar, Jeffery Immelt, has outsourced even more at General Electric . Neither GM nor GE have paid Federal taxes , and won't for a while, since receiving ObamaBuck Bailouts.
"corporations are also people, My friend", "I Hate poor", "Let Detroit go Bankrupt", you vote for this idiot??? He will mercilessly ship jobs to China for Greed, make money and stash in Cayman island, Swiss. Yes, on OBAMA12.
PS: this nation is heading in right direction. True.
Fair is fair- If the right wing media ( yes – every news organization has a conservative at the top but one!) woud report news and facts and not change facts, maybe the President wouldn't have to educate people on how econmy and jobs work.
And for the record- Romney was CEO of BAIN until 2002- on paper, legally and therefore responsible for every job lost, company sold off for parts and investment made. That's how our laws work. He cannot claim to "not be involved" and therefore not be responsible.
So Obama's claims on Bain turned out not to be true so now Obama wants us to believe his mathematics, calculations that Romney will send thousands of jobs overseas if he becomes president. Why should we believe Obama?? And what about the 500 plus manufacturing jobs Obama helped create in Finland with our tax dollars in the sum of $529 million to an electric car maker, Fiskar??? seriously, does Obama have a memory of his actions?
The president has done very little obout in-sourcing... and has hardly any ground to stand on when talking about jobs...
Let's call an ace an ace. Corporations are outsourcing for one reason only and that is to be competitive with one another and with the world marketplace and they have to do this because of the american labor market or more commonly known as "UNIONS". Unions have driven up labor costs to the point that we really need to get a handle on it and take control of this monster amongst us. All the political posturing will not make this problem go away. Look at what happened in Wisconsin...the American people (not to include Union workers and beneficiaries) know what the problem is and will fix it this coming election.
Romney created thousands of jobs just ask the Chinese.
Look, this is really a simple issue! Outsourcing has been a major issue that has been another elephant in the room that no one has wanted to deal with. Bottom line is that if you're gonna fight and be against it, then say so! Romney reminds me of Kerry when he would never say what his plans were, but they were great and you'd see that if you would just elect him. Again, I'm going to ask this glaring question, why are Republicans trying to get people to believe that suddenly they figured out how to fix the job markets? The "job creators" aren't creating, they're outsourcing, and the good economy they inherited they absolutely crusified! the
I can't believe how many people are still thinking President Obama is the right choice for America. He has taken us so off track that there are more people taking from the system then putting into it! Unemployment, disability, food stamps and welfare were designed to give people a hand up not a way of life that spans generations. Wake up, he is ruining this country!!!!!
ARE YOU KIDDING ME!? Did I read that right?
LOWERING TAXES FOR CORPORATIONS IS YOUR PLAN!? Are you kidding me GOP?
Do you really expect us to buy this hook line and sinker? Corporations have had a HELLUVA decade with Bush slashing their taxes and ignoring regulation (which honestly caused the 2008 financial meltdown, thank you Republicans), they are sitting on PILES of cash already and paying so little with tax loopholes that its disgusting.
The only people suffering and having to tighten their belts are the lower and middle class barely scraping by and Mittens wants taxes cut for the rich and corporations? The ones doing great right now?
How can Obama with a straight face criticize Romney for outsourcing ... Obama's job Czar, the man who is responsible for the creation of jobs, closes down plants and opens them in China?
OK, let's look at the President's record for the past 3 years. The end of 2008, we were losing 600,000 – 800,000 jobs per month. We were still losing jobs for quite a while but the numbers kept getting smaller. For the past 28 months, we have had positive private sector job growth. He ended the war in Iraq and the debt, although still increasing, is increasing at a lower rate. For the past 2 years, the President has dealt with a Tea-publican legislature that believes the govt run on fairy dust and won't even approve the Bills they sponsor! Jobs? There's no focus on jobs – just social issues that are tacked onto every Bill they pass. We're still paying for war and unfunded Medicare Part D! He's achieved a lot but he does not walk on water.
What Mr. Obama fails to mention is his jobs czar Jeff Imelt of GE recently building two new state of the art factories in China instead of the USA. Can you say hypocrite and liar?
Obama didnt get hit in the shoulder with a water ballon ... he is sweating ebcause he is getting caught in lies ... Remember. Obama could fool us all part of the time ... but he can never fool us all the time ... His time has run out. His lies are catching up with him.
Patty Murray of the dems is threatening the GOP with raising taxes and letting the Bush tax cuts expire. No debate just do as I say. Seig Heil Mrs. Murray seig heil.
"We've seen how much worse it got after Obama became president. It's amazing that Obama thinks he has any credibility to talk about "outsourcing" while his policies have destroy or driven out millions of American jobs."
Fact: the rate of outsourcing and offshoring haven't really changed.
Fact: Well over 4M jobs have beencreated in the past 26 months.
Please continue though...you amuse me.
waah waah waah Flip. You had a scorched earth lie campaign during the primaries. Now that you're in the big time, you cant handle reality. Grow up
tellin it like it is
why isn't obama talking about all his great accomplishements over the last 4 years and how the economy is doing great and everybody is back to work? oh yeah he's got none and none of this happening. ok, so why isn't he talking about everything he's going to do differently over the next 4 years to make this better? oh yeah, he's goingto keep doing the same things that haven't worked over the last 4 years. ok, that explains why all he can do is to try and portray romney as an evil greedy business guy even though the guy has been very successful at everything he has done. the anti-obama so to speak.
so I guess the drop in unemployment in Ohio (and another state, WI?) where the GOP governers have been told "You're not helping" by touting lower unemployment doesn't count? Flip wants them to keep their mouths shut and say "The sky is falling" because of Obama when it's the opposite. It's been good in some states, bad in others but the usual GOP trickle down voodoo economic plans of tax-cuts and deregulation have been debunked for years but the right still clings to it like flies to you know what
Mitt made a living, a very nice living off of outsourcing. So its hilarious to see him further destroy whatever integrity he may have left by arguing such claims are dishonest.