International Brotherhood of Teamsters Union President Jim Hoffa in a recent TV interview on State of the Union, said “Apple is unpatriotic for outsourcing manufacturing overseas.”
“Look at Apple, they have $76 billion dollars in their checking account, and they’re not spending it… instead of investing here, everything they do is in China, or in Asia somewhere… There’s something wrong with that.”
Hoffa admitted that it is cheaper for companies to invest in other countries -“we know that,” he said – but maintained that companies “have an obligation to America to build [factories] in America.” Hoffa then urged President Obama to “challenge the patriotism” of American companies for investing outside the U.S. in his upcoming jobs speech and also proposes a tax initiative to “start spending some of that money here in America and put Americans back to work”.
So the trillions and billions of dollars that they have on the sidelines, they have money, Pfizer and General Electric, they have trillions of dollars overseas, let’s start repatriating that money. Let’s start a program to get America going again.
Hoffa continued by calling Apple “unpatriotic” for considering construction of a factory in Mexico. He argued that labor costs are not too high for companies to succeed in the United States:
You can do it here. But the answer is, you have to have the incentive. And so many companies like Mr. Coffee and all of these other companies that have closed and moved to Mexico, they are wrong. They are unpatriotic.
We have got to turn this around and say, hey, we are an American company, we owe an obligation to America, let’s put America back to work.