Why has Obama invested his own money in so many companies that outsource jobs?
http://money.cnn.com/2009/05/15/news/economy/obama-stocks/index.htm Obama's top 10 stocks May 15, 2009 According to the latest disclosure from the White House, President Obama is a fan of index-fund investing. See the stocks in his main holding. 'The vast majority of his mutual fund holdings are in the Vanguard FTSE Social Index fund (VFTSX), with a range of between $115,000 and $250,000. 'According to the Vanguard site, the fund consists of mostly U.S. large and mid-sized companies that meet certain social and environmental criteria. The index tracks the performance of the FTSE4Good US Select. 'The fund's Top 10 holdings, according to the Vanguard site are: 'JP Morgan Chase (JPM, Fortune 500) Apple (AAPL, Fortune 500) Google (GOOG, Fortune 500) Intel (INTC, Fortune 500) Qualcomm (QCOM, Fortune 500) McDonald's (MCD, Fortune 500) Bank of America (BAC, Fortune 500) Amgen (AMGN, Fortune 500) CVS Caremark (CVS, Fortune 500) Gilead (GILD, Fortune 500) ' Isnt' it shameful that our president supports job outsourcing like this?
Asked By: - 8/13/2012
Best Answer - Chosen by Asker
In public he says stop outsourcing to others but their are evident which proves he himself is making lot of money by outsourcing the work. He himself want to make money then why other's can't... More
Answered By: Micheal - 8/16/2012
Additional Answers (2)
Index funds are smart investments and while I am no admirer ( and no fan of Obama either ) of Morgan Chase or Citibank those are some solid companies.
Answered By: sociald - 8/13/2012
He is a two-faced hypocrite. He sent many more jobs overseas with his so-called "stimulus" than he ACCUSED Mitt Romney of sending.
Answered By: Robert - 8/13/2012
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