I'd say this falls under the, 'Do as I say, not as I do' category. Yes, yet another copy and paste.
On the heels of
The Weekly Standards report yesterday that DNC chair
Debbie Wasserman Schultz a vocal critic of
Mitt Romneys investing practices, had herself dabbled in the foreign markets we can add
Nancy Pelosi to the list of prominent Democrats to profit from overseas investments.
According to Pelosis 2011
financial disclosure statement, the Democratic House Minority Leader received between $1 million and $5 million in partnership income from Matthews International Capital Management LLC, a group that emphasizes that it has a
A Singular Focus on Investing in Asia. A quick trip to the company website reveals a featured post extolling the virtues of outsourcing.
Designed in California, Made in Manila sounds like an excellent title for a smear ad to be run the by the
Barack Obama campaign. Instead, it appears to be Nancy Pelosis investment strategy.
Pelosi is also a small investor in the embattled Moduslink Global, one of the
outsourcing pioneers that
Mitt Romney has been criticized for associating with while at Bain Capital.
Its not surprising that a wealthy politician would invest globally (nor should it be considered problematic). This is interesting because of the attacks on Mitt Romneys investments because Obama purportedly
believes in the virtues of insourcing and anti-globalization. (Obama appears to be running on a protectionist platform that went out of style with Canadian tuxedos)
Obama sure can preach the economic nationalism, but it doesnt appear his fellow leaders and surrogates are buying the message.
If they arent, why should other Americans?