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Obama Campaign Cites Economic Research from Donor

Crony economics.

1:49 PM, Jul 16, 2012 • By DANIEL HALPER
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Politico reports that President Obama is in Ohio today to "highlight a new report that estimates Romney's support for eliminating U.S. taxes on American companies' foreign incomes would create 800,000 jobs in other countries, including 73,000 jobs in China." But the new report being cited by Politico and later touted by the Obama campaign was conducted by a professor at Reed College, Kimberly Clausing, who is an Obama donor who has given exclusively to Democratic candidates over the years.

Hey there, good-looking!

Hey there, good-looking!

As an unnamed campaign official tells Politico, “These jobs are likely to come at the expense of American workers, in cities like Cincinnati. This new report, published in Tax Notes, concludes that the reforms Mitt Romney supports ‘would significantly increase incentives for U.S. firms to move economic activity abroad.’ Economist Kimberly Clausing writes that, under current economic conditions, ‘those new, low-tax-country jobs could displace jobs at home.’ Romney’s plan to create jobs in other countries comes after independent economists have said that his economic plans could slow the economy and reduce the number of jobs in the United States.”  

Clausing, according to donor records, gave Obama for America $250 on May 18, 2012. Likewise, on September 14, 2011, Clausing gave $242 to Obama for America, records reveal.

In addition to her financial support for Obama, Clausing has donated money to the Democratic Party of Oregon ($250), the Democratic Congressional Campaign Committee ($500), the Democratic National Committee ($500), John Kerry for President ($1,000), Dean for America ($300), Gore and Gore/Lieberman ($1,500), and many others.

The Oregonian has called Reed College, where Clausing teaches, "one of the most liberal and academically liberal colleges in the nation."

Ironically, the Obama campaign's citation of a donor's economic research happens to coincide with the same day that the Romney campaign is hitting them for engaging in crony capitalism.

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