Add House Minority Leader Nancy Pelosi to the list of hypocritical Democrats who have no problem making millions of dollars from foreign investments while bashing Mitt Romney for his investments.
According to Pelosi’s 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 Pelosi’s 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.
Just like the “War on Women,” this wouldn’t be an issue if they didn’t bring it up first. These people are insufferable.
Oh, and as Doug Powers pointed out on the whole “outsourcing” business they won’t let go:
The Obama administration’s stimulus also did a bit of outsourcing before producing ads accusing Romney of doing the same thing (at least Mitt used his own money).
I’m sure that Romney’s investments paid off, while most of the so-called investments made by the Obama administration have only saddled our children with more debt. If the Democrats have their way investing in the US will soon become a losing proposition. Hmm, maybe that’s why they invest overseas. What aren’t they telling us?