Young Obama, Wall Street Outsourcing Specialist
While Barack Obama is keen to attack Mitt Romney for “outsourcing,” he ignores that his first job, at Business International Corporation (BIC), actually advised American firms on how best to outsource. Not only did Obama work for BIC, he actively seems to have chosen it. In fact, he worked for one of “the first research firms designed to provide information services for multinational firms,” wrote David Remnick in his sympathetic biography, The Bridge (p. 118).
“Obama was a researcher and writer for a reference service called Financing Foreign Operations,” Janny Scott for the New York Times reported in 2007. “He also wrote a newsletter, Business International Money Report.” The reports were written for senior management in large corporations and had titles like “Investing, Licensing, and Trading Conditions Abroad,” Beth Noymer Levine, a colleague, told NPR in July 9, 2008. It was, in other words, a report for corporations on how to invest and expand abroad–which is exactly what outsourcing is.