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The truth about the Obama/Romney outsourcing controversy

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    Talking Points 7/16

  • Duration 3:13
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Hi I'm Bill O'Reilly thanks for watching us tonight sending jobs overseas the truth.

About the Obama Romney controversy that's that is a subject of this evening's talking points memo and listen to this.

President Obama as they get a big deal out of Mitt Romney's Bain Capital tenure you know that.

The Obama campaign accusing Romney of being a big outsource got encouraging the company's Bain invested in to save jobs abroad.

Romney denies that but the attacks just keep on come.

Stop whining.

Defend if you -- and claim Bain -- you're calling card for the White House.

Then defend what happened to Bain Capital and what happened and to those jobs that went overseas those jobs that were actually cut an illuminating the companies that went into bankruptcy.

According to analysis by fact check dot.

Org Bain Capital on the -- he did investing companies that did outsource but that's not unusual.

So did the Obama administration and Rahm Emanuel was right there.

And that's the rob.

How can -- Obama attacked Romney for outsourcing when he did the exact same thing.

The Obama administration is continue to make billions of taxpayer dollars available.

To the general electric corporation mostly through loans but there were some grants for green energy projects.

G employs about 300000 people fewer than half a 131000.

-- working in the USA.

Let me repeat less than -- half of genes work force are employed America.

GS 277.

Plants in 43.

Countries and keeps overseas profits all overseas.

Thereby avoiding US income tax.

In -- General Electric paid zero.

Federal income tax in 2010 according to the New York Times.

Nevertheless President Obama is a huge fan.

Of GO and its CEO.

Jeffrey ML.

I am so proud and pleased.

That Jeff has agreed to chair this panel my council on jobs and competitiveness because we think he had something to take.

We'll talk -- -- would like to know exactly what.

GE could teach corporations across America.

How to create jobs -- -- -- use.

How to avoid US corporate income -- is how to borrow billions from the taxpayers.

What lessons.

Are we talking about Mr.

President.

So how can the Obama team.

Be outraged over Mitt Romney's outsource exposure when it champions General Electric and outsourcing -- up.

A simple question because I am a simple man.

Here's the end game outsourcing a fact of life in capitalism I don't like it but it's legal and company's profit from it.

The Obama administration has embraced corporations -- practice outsourcing big time as noted Mitt Romney.

So I'd call it a tie with the Obama campaign.

Having some deep explaining to do.

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