Macro Sea’s New Lab will serve as as a place where designers, engineers, academics and entrepreneurs can take their ideas from concept to prototype to production under one roof.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
Mitt Romney and Bain Capital purchased a factory in China that took on the demand from outsourcing from other US companies. So they profited by increasing profits from companies they owned by shipping jobs overseas and they profited from other companies shipping jobs overseas by doing the work that used to be done in cities and towns across America.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
Mitt Romney’s contortions to differentiate offshoring from outsourcing don’t matter to those who lost their jobs because of it.
In early trading, the Dow Jones industrial average rose 107 points, or 0.9 percent, to 11,683. The Standard and Poor’s 500-stock index gained 12, or 1 percent, to 1,270. The Nasdaq composite rose 33, or 1.2 percent, to 2,686.
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