Friday, January 20, 2012

Any Republican who makes less than $150k a year better vote democrat; because Republican leadership is going to outsource you to China, Thailand, India, etc


Rick Santorum  invests in companies that ship much of their manufacturing work to factories in China, Thailand, Malaysia and other countries. 

Of 18 publicly traded stocks listed in the former Pennsylvania senator’s most recent financial disclosure, six companies sell fiber-optic equipment and outsource production to overseas factories-for-hire or operate their own plants abroad
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The payroll at one of Santorum’s investments, Fabrinet Inc. (FN), last year included 5,300 manufacturing workers in Thailand, 1,200 in China and 30 in the U.S., according to its latest annual report. 

Fabrinet, which makes products under outsourcing contracts with other manufacturers, got almost 60 percent of its fiscal 2011 revenue from four Silicon Valley corporations: JDS Uniphase Corp. (JDSU), Oclaro Inc. (OCLR), Finisar Corp. (FNSR) and Opnext Inc. (OPXT) Santorum owned shares in all of them, according to the financial disclosure form he filed last year. 

Santorum was asked last night during a South Carolina debate about encouraging the use of U.S. manufacturing workers by companies such as Apple Inc., (AAPL) which said in its latest annual report that “substantially all of the company’s hardware products” are made by contractors “primarily” based in Asia.
He didn’t mention that he owned between $15,001 and $50,000 worth of Apple stock, according to his most recent disclosure filing. 

Santorum’s holdings stand out because one-third of his publicly traded stocks are concentrated in a single industry that makes a significant share of its products overseas.

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