Democrats’ Spending Fueled by Borrowing From China, And Their Stimulus Sent Jobs There

September 19, 2012

FYI, a similar version of the release below went to the following districts: Shelley Adler (NJ-03), Pete Aguilar (CA-31), Jeff Anderson (MN-08), George Badey (PA-07), John Barrow (GA-12), Ami Bera (CA-07), Tim Bishop (NY-01), Kathy Boockvar (PA-08), Leonard Boswell (IA-03), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), Ben Chandler (KY-06), David Cicilline (RI-01), Jim Costa (CA-16), David Crooks (IN-08), John Delaney (MD-06), Val Demings (FL-10), Tammy Duckworth (IL-08), Bill Foster (IL-11), Lois Frankel (FL-22), Pete Gallego (TX-23), John Garamendi (CA-03), David Gill (IL-13), Alan Grayson (FL-09), Pam Gulleson (ND-AL), Jose Hernandez (CA-10), Brian Higgins (NY-26), Jim Himes (CT-04), Paul Hirschbiel (VA-02), Steven Horsford (NV-04), Steve Israel (NY-03), Ann Kirkpatrick (AZ-01), Larry Kissell (NC-08), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), David Loebsack (IA-02), Alan Lowenthal (CA-47), Nita Lowey (NY-17), Dan Maffei (NY-24), Larry Maggi (PA-18), Jim Matheson (UT-04), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike McIntyre (NC-07), Jerry McNerney (CA-09), Michael Michaud (ME-02), Joe Miklosi (CO-06), Brendan Mullen (IN-02), Patrick Murphy (FL-18), Rick Nolan (MN-08), John Oceguera (NV-03), Sal Pace (CO-03), Ed Perlmutter (CO-07), Scott Peters (CA-52), Nick Rahall (WV-03), Hayden Rogers (NC-11), Raul Ruiz (CA-36), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Gene Stilp (PA-11), Betty Sutton (OH-16), Syed Taj (MI-11), Mark Takano (CA-41), John Tierney (MA-06), Paul Tonko (NY-20), Manan Trivedi (PA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Jamie Wall (WI-08), Tim Walz (MN-01), Charlie Wilson (OH-06)

Democrats’ Spending Fueled by Borrowing From China, And McIntyre’s Stimulus Sent Jobs There

Democrats’ Stimulus Sent Jobs to China, Who Owns $1.15 Trillion of America’s Debt

WASHINGTON — For each year of President Obama’s term, the national deficit has been over $1 trillion due to House Democrats like Mike McIntyre voting for reckless spending policies like the $833 billion failed stimulus (Roll Call #70, 2/13/09). Now, China owns $1.15 trillion of our debt and Mike McIntyre’s stimulus also sent jobs overseas to them.

“With Mike McIntyre, China gets the best of both worlds – they own our debt and we fund their jobs,” said NRCC Communications Director Paul Lindsay. “As our debt skyrockets and America’s unemployment remains unacceptably high, how can McIntyre continue to champion his party’s wasteful spending addiction as countries like China benefit?”

China owns $1.15 trillion in American debt. (“Major Foreign Holders of Treasury Securities,” U.S. Department of the Treasury, 9/18/2012)

Under President Obama, the national debt has increased by an astonishing $5.38 trillion. (“The Daily History of the Debt Results,” Bureau of the Public Debt, Accessed 9/18/2012)

Some of Washington Democrats’ stimulus funds went to creating jobs in China, along with other foreign countries:

“As we know from Choma’s exhaustive research, it is true that foreign-owned companies have received $2.4 billion in grants to build wind farms in the U.S. Choma gives this breakdown: … China, $2.6 million. … Choma wrote: ‘…we can’t say for sure how much of this stimulus money went to create jobs in China. Some money definitely did…” (Eugene Kiely, Lara Seligman, Lauren Hitt and Melissa Siegel, “Stimulus Jobs in China?,”FactCheck.org, 10/29/2010)

###