Santorum Investing in Outsourcing Firms (Bloomberg) [View all]

[kpete]

Rick Santorum, chasing the votes of factory workers and laborers in South Carolina (BEESSC), is promoting what he calls his “Made in America” plan to eliminate U.S. corporate income taxes on manufacturing companies and reverse the flow of jobs to lower-cost countries.

When he invests, however, Santorum’s been putting his own money 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.

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.

more:
http://www.bloomberg.com/news/2012-01-20/santorum-investing-in-outsourcing-firms.html