Aug 5, 2010
Bernero creates jobs; Snyder ships them overseas
Michigan’s gubernatorial election offers some very clear choices: a candidate that actually created jobs and had to balance a budget and between a man who destroyed jobs and knows so little about the government he wants to run that he can’t even name the Chief Justice of the Michigan Supreme Court.
Republican nominee Rick Snyder makes former GOP nominee Dick DeVos look like a job creator, and Snyder has shipped far more jobs overseas than DeVos ever did. He could earn the nickname “Dick DeVos, Jr., but it would be more appropriate for DeVos to be called “Rick Snyder, Jr.”
Snyder has a history of outsourcing jobs overseas. At a time when job creation is our main priority, how can we elect someone like Snyder who will be a jobs killer? The simple facts are that Snyder’s job creation record is much worse than DeVos’s. While Snyder was an official at Gateway Computers, the company outsourced nearly 20,000 American jobs to China and other parts of Asia. But Snyder took good care of himself at the same time - cashing-out tens of millions of dollars in stock options while the lives of thousands were ruined.
While he served on the board of directors Snyder was sued in 2000 along with two other Gateway executives. The issue was that Snyder cashed in on 355,000 stock options worth $23.7 million at a time that executives admitted they misrepresented the company’s financial outlook. The case, Scheinhartz v. Waitt, was consolidated into a class action suit for alleged financial misreporting and Snyder was not named in that lawsuit. The case was settled without any admission of wrongdoing.
Someone should also tell Snyder that the Chief Justice of the Michigan Supreme Court is Marilyn Kelly.
In contrast, Democratic nominee Virg Bernero knows about state government after serving as a State Representative and Senator. He also knows how local municipalities work, and he has managed to balance the Lansing City budget, despite constant cuts in state revenue sharing.
His job creation record is outstanding. The Lansing Economic Development Corp. reports that Lansing has created 5,311 jobs and saved 1,722 for a total of 7,033 jobs since Bernero became mayor in 2006. Bernero has leveraged over $500 million dollars in new job-creating investments in Lansing, and he helped launch the area's first regional public-private economic development initiative.
If you want to see what Bernero can do for Michigan, just take a drive to Lansing and see all of the job-creating economic development projects going on; from the Accident Fund's New World Headquarters to XYZ Machine business expansion.
“Michigan needs a governor who will bring jobs from China instead of profiting from shipping jobs to China,” said Michigan Democratic Chair Mark Brewer. “Snyder's Wall Street ways helped create the economic mess in this country and he is the last person Michigan voters should hire as governor.”
The choice is clear in November; Bernero for jobs and Snyder for Wall Street.