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MoveOn.org
FOR IMMEDIATE RELEASE
MARCH 10, 2004
5:01 PM
CONTACT: MoveOn.org 
Jessica Smith, Trevor FitzGibbon or
Kawana Lloyd 202-822-5200
 
Companies Outsourcing Jobs Give Bush Camp. Big $$$$$
 

WASHINGTON - March 10 - President Bush makes one of his political campaign stops in Ohio today, a state that has suffered the loss of 270,000 manufacturing jobs during his administration. The economic crisis has raised questions about why the White House last month strongly endorsed the outsourcing of U.S. jobs to cheap overseas labor markets.

On the eve of his trip to Ohio to “focus on jobs,” President Bush yesterday claimed: “We’re creating jobs - good, high-paying jobs for the American citizen.” His comments come despite the country having lost more than 2 million manufacturing jobs since he was elected.

But a look at who is contributing big bucks to the President offers an answer.

Specifically, The Misleader undertook an analysis comparing the companies that are outsourcing the most U.S. jobs (referred to as “captive remote services companies,” on page 11 of this trade association report) with the President’s campaign finance records. The analysis shows the President's campaign has pocketed more than $440,000 and his party more than $3.6 million in just 4 years. These companies have a direct stake in the President publicly supporting outsourcing, and doing everything he can to water down or oppose legislation to curb the practice.

The breakdown of campaign contributions is as follows:

American Express:

Executives contributions directly to the President Bush: $39,000

Soft Money contributions to the Republican Party: $422,405

Bechtel

Executive contributions directly to President Bush: $10,300

Soft Money contributions to the Republican Party: $465,150

Convergys

Executive contributions directly to President Bush: $7,500

Soft Money contributions to the Republican Party: $5000

Dell Computer

Hard Money to Bush: $40,250

Soft Money contributions to the Republican Party: $793,550

Delphi Automotive

Executive contributions directly to President Bush: $10,950

Fidelity

Executive contributions directly to President Bush: $164,908

Soft Money contributions to the Republican Party: $574,270

Ford Motor Company

Executive contributions directly to President Bush: $76,200

Soft Money contributions to the Republican Party: $268,257

General Electric

Executive contributions directly to President Bush: $49,125

Soft Money contributions to the Republican Party: $756,987

Hewlett Packard

Executive contributions directly to President Bush: $6,200

Soft Money contributions to the Republican Party: 29,000

HSBC

Soft Money contributions to the Republican Party: $4,240

McKinsey & Co

Executive contributions directly to President Bush: $19,500

Soft Money contributions to the Republican Party: $102,500

Sallie Mae

Executive contributions directly to President Bush: $19,250

Soft Money contributions to the Republican Party: $261,000

To read today’s new report, visit: www.Misleader.org.

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